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, August 4–10Receive this by email