When variable annuities (VAs) were launched in Europe before the financial crisis the market never really took off, due to issues over hedging.
Société Générale has developed a cost-effective hedging solution which it believes will open up the VA market in Europe. The solution is based on a technique developed for Dai Ichi Frontier Life (DFL), one of the top issuers of VAs in Japan. In 2010 it asked Soc Gen to design a solution to allow it to continue to develop its VA business while getting cap
The week on Risk.net, July 14–20, 2017Receive this by email