Variable annuities (VAs) have always posed challenges, both to those that issue them and to the regulators that oversee the market. Insurers must design and hedge the products in such a way that they can meet their long-term liabilities. Regulators must assess whether the products – and the promises they make in terms of their in-built guarantees – present a risk to the overall financial system.
While the debate around the systemic risk of VAs continues, the current difficult and uncertain globa
The week on Risk.net, September 8-14, 2018Receive this by email