European Life Settlement Association (ELSA)

Julia Kagan is a financial and consumer journalist, formerly a senior editor specializing in personal finance at Investopedia.

What Is the European Life Settlement Association?

The European Life Settlement Association (ELSA) serves as a leading advocate for establishing fair and transparent standards within the European life settlement sector. Its primary mission is to support and expand the life settlement market across Europe through education, regulation, and promotion.

Understanding ELSA

ELSA operates as a membership-based organization offering exclusive benefits such as access to proprietary research, insightful white papers, and participation in its renowned annual symposium. Life settlements occur when a policyholder sells their life insurance policy's cash value to an external party, providing liquidity and alternative investment opportunities.

By collecting and disseminating comprehensive market data, ELSA raises awareness among both commercial and retail investors, striving to enhance the industry's reputation throughout Europe. Members commit to a strict code of conduct, ensuring adherence to best practices that elevate trust and professionalism within the sector.

Utilizing a structured committee framework, ELSA engages its members in ongoing projects that support the sustainable development and long-term advancement of the life settlement industry. Members also benefit from global conference participation, staying informed of evolving trends and regulatory changes.

Founded in 2009, ELSA unites European financiers and service providers dedicated to promoting transparency by sharing accurate and reliable industry insights. This commitment is particularly valuable to regulators and media outlets seeking informed perspectives.

A pivotal role of ELSA and similar European trade bodies is introducing innovative life settlement products developed in the United States to European markets. This mission gained heightened importance following the 2008 financial crisis, as restoring investor confidence became crucial. ELSA actively works to rebuild and maintain trust in financial institutions and regulatory frameworks.

In 2017, Scott Willkomm, CEO of Life Equity, was appointed Chair of the ELSA Board of Officers, bringing experienced leadership to the association.

Benefits of Membership in ELSA

Members of ELSA enjoy numerous advantages beyond adherence to the Code of Ethics, including valuable networking opportunities and access to premier conferences. ELSA’s reputation as an industry thought leader allows members to contribute to and benefit from cutting-edge research and case studies, often showcased at international events.

What Is Life Settlement?

Life settlements represent a secondary market for life insurance policies, enabling policyholders in good health who no longer require coverage to sell their policy’s value to third parties. This practice is common in scenarios such as large corporations where insured key executives depart, prompting the company to sell the associated policy value to external investors.

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