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.