Challenges & Strategies for UK Annuity Providers

Challenges & Strategies for UK Annuity Providers

Cover
Rising numbers of baby boomers with Defined Contribution (DC) pension products are approaching retirement, signifying a period of growth for the UK At-retirement market. According to analyst reports, the market size will increase to over £30 billion by 2013, with the majority of the money projected to move into the conventional annuities space. This white paper takes a look at the challenges facing the annuity market in terms of consumer awareness about the choices, access to advice, longevity & market risk and the business process constraints from a provider perspective. The paper suggests strategies that can be employed by providers to overcome the challenges and grow their business in this promising market. This paper also details how Wipro's solution offerings and the IT services experience in the UK retirement market can help providers in realizing their growth objectives.

Authors

Srinivasan Varadharajan Srinivasan Varadharajan is a Life and Pensions Domain Consultant with a combined experience of over 15 years in Life Insurance industry and Information Technology services. He holds FLMI (LOMA, USA) and, AIII (Associate of Insurance Institute of India) Certifications. He has experience in Estimation, Requirement Development, Requirement Management, Gap Analysis and, Quality Control activities apart from Insurance Industry business areas. His work experience spans across India, United States and the United Kingdom. He holds a graduate degree in Mathematics.Sriram Seshadri Sriram Seshadri is a Life and Pensions Domain Consultant with a combined experience of over 15 years in Life Insurance industry and Information Technology services. He holds FLMI (LOMA, USA) and, AIII (Associate of Insurance Institute of India) Certifications. He has experience in Estimation, Requirement Development, Requirement Management, Gap Analysis, Software Development and Quality Control activities apart from Insurance Industry business areas. His work experience spans across India, United States and the United Kingdom. He holds a post graduate degree in Computer Applications and bachelor degree in Physics.
Vendor:
Wipro Technologies
Posted:
13 May 2009
Published:
11 May 2009
Format:
PDF
Length:
14 Page(s)
Type:
White Paper
Language:
English
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