Variable annuity (VA) providers are having to manage the economics of ever more efficiently hedging the risk of VA products, limiting the costs to investors and the exposure to shareholders.
The desire is there, even if the task is getting harder, Jeremy Nurse, consulting actuary at Willis Towers Watson, tells Risk.net: "Strategies are moving towards the more cost-controlled approaches. I still have a fundamental belief the end-customers actually quite like guarantees... It costs us a bit of mo
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