Firm To Offer Regular Life Settlement Rating Reports
Firm To Offer Regular Life Settlement Rating Reports
NU Online News Service, April 21, 2005, 2:03 p.m. EDT
A German rating agency says it is setting up a life settlement market analysis service aimed at institutional investors.
The firm, Scope Advisory GmbH, Berlin, already has been issuing occasional rating reports.
The new service will offer Web access to the rating reports and additional research along with a monthly life settlement market newsletter, Scope says.
Institutional investments helped increase the face value of life insurance policies traded through the life settlement market to about $10 billion in 2004, from $3 billion in 2003, Scope says.
Source: National Underwriter