The life insurance industry in the United States has shifted more general account risks overseas.

As of the end of the year, the scale of transferring general account risk from US life insurance companies to overseas entities exceeded that of domestic entities for the first time in the offshore reinsurance center in this business area. According to the latest report from Standard & Poor's Global Market Intelligence, by 2025, transactions with offshore entities aimed at reducing the general account risk of US life insurance companies will have reserves of $1.06 trillion, accounting for nearly 52% of the total industry reinsurance usage. If independent accounts holding complex products such as variable annuities are also included, the total usage of offshore reinsurance accounts for 47.9%.