In the brave new world of economic value, financial options have emerged as a key part of the life and pensions landscape. Options are the minimum return guarantees that underlie long-term savings products offered by life companies. More recently, the need for pension sponsors to fund deficits without wild swings in solvency ratios has led them towards the combination of safety and upside that financial options provide.
Market-consistent valuation first led life and pensions providers to the
The week on Risk.net, July 14–20, 2017Receive this by email