Life offices should look to offshore sub-markets

Looking at the breakdown of the AILO new business numbers for unit-linked business, the offshore investment market is one which is growing in absolute terms. The market is now worth £4.9bn, which has been fuelled by a drop in with-profits sales from some providers and the return of an appetite for risk for many investors. There are a number of sub-markets within the offshore industry that life offices must consider. The market for most product providers is a fragmented one, with many looking to satisfy the investment needs of investors in the UK, as well as other markets. Even within...