We offer lifetime annuities, linked to Periodic Payment Orders (PPOs), awarded by the UK courts. These are usually linked to ASHE indexation. We can offer these annuities for both new cases going through the Courts, or for cases where a PPO has already been granted and is being paid by the insurer against whom the claim was made.
Our expertise is in the underwriting, pricing, investment and capital management of long-term life risks.
This is to the benefit of both customers and insurers:
For Customers our solution:
- Provides them with a contract with a specialist life insurance company who are focused on meeting the needs of people like them
- Gives peace of mind knowing that the company has the expertise and capital to provide their payments for life.
For Insurers our solution:
- Removes longevity and indexation risk,
- Frees up capital that can be re-deployed more productively,
- Provides an exit solution, as the insurance claimant becomes AUL’s customer,
- Allows insurers to focus their asset management on short-term liabilities, and
- Reduces earnings volatility arising from a small number of cases with longevity risk.
With AUL “Claimants” become “Customers”.
We provide Integrity, Certainty and Security to customers, their advisors, insurers and reinsurers.