Volatility hedging loss prompts Axa variable annuities redesign


The US subsidiary of Paris-based insurer Axa is to launch a new feature in its variable annuities (VAs), aimed at limiting client exposure to market volatility after a €121 million (£106 million) loss in its volatility hedging programme undermined a much improved hedging margin in 2009.
Although this figure is down from a €183 million loss in 2008, in 2010 the company’s newly sold VAs will feature a mechanism to automatically divest investors’ portfolios of equities when a historical volatility

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

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…

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here