In November 2012, Milliman published a white paper on VIF monetisation for European life insurance. Since that time, market activity in this area has continued at an increased pace. VIF monetisation can be a viable solution to consider for life insurance business. We expect momentum in this area to continue, given the numerous possible advantages to both originating insurers and counterparties. This follow-up paper considers recent developments and provides further thoughts on the possible future direction of VIF monetisation in Europe.