Volatility hedging loss prompts Axa variable annuities redesign

Laurie Carver
02 Mar 2010

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]