Old Mutual

South Africa opts for Solvency II approach

Solvency II is not just an issue for European insurers. Faced with the increasingly global nature of the financial sector, South Africa’s financial regulator is bringing in its own version of the regulation. But the schedule to implementation is tight…

Variable annuity redesign led by US innovation

Variable annuity providers were hurt by basis risk, extreme volatility and policyholder lapses during the crisis, and guarantees were scaled back and repriced as a result. Now risk management is driving a US-led surge of innovation. Laurie Carver reports