Technology innovation of the year

Technology innovation of the year awarded to Numerix

steve-o-hanlon-numerix
Steven O'Hanlon, Numerix

The present environment in the US, with its low interest rates, new volatility dynamics and inflation concerns, is fertile ground for product innovation, especially for insurers. The success of variable annuities (VAs) with guaranteed minimum withdrawal, income, accumulation or death benefits, and fixed index annuities (FIAs) such as point to point, point to average and monthly sum cap, have resulted in insurers accumulating large portfolios of sophisticated structures. Such portfolios requir