Wesleyan, Liverpool Victoria top E&Y life sector review

The UK Life Insurance Companies: 2003 Capital and Solvency Review report also lays out in significant detail the overall strength of the sector, and the challenges facing firms with smaller margins of assets over liabilities. The review covers 88 life offices, of which 33 are with-profits, defined as having at least 40% of liabilities being in with-profits as opposed to non-profits or unit linked products, leaving the other 57 offices defined as non-profit, with liabilities “predominantly” unit linked. With profits policyholders may be pleased to hear the 33 with-profits offices impro...