Rethinking and revaluing


The variable annuity market has been hit hard by the financial crisis. With equity markets tumbling and volatility hitting unprecedented highs, a succession of insurance companies have reported colossal losses on their hedging of variable annuity guarantees. Most attention has so far been on US providers - by far the most active in this space (Risk November 2008, pages 47-49). But European insurers have not escaped, with several posting outsized losses of their own.

The problems stem from the

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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