Aegon
Longevity modelling must evolve
Longevity modelling must evolve
Dutch regulator to begin Solvency II test on insurers
Dutch regulator to begin Solvency II test on insurers
Aegon €12 billion longevity swap ‘shows appetite of capital market for diversifying assets’
Aegon €12 billion longevity swap ‘shows appetite of capital market investors for diversifying assets’
Meeting the volatility challenge of guaranteed products
No guarantees
On the move
On the move
Netherlands heralded as next longevity market
An €11 billion increase in the liabilities of the top four Dutch pension funds owing to life expectancy improvements could see a longevity swap deal agreed in the Netherlands
Solvency II to cause regulatory arbitrage in Asia
A two-tier regulatory market could develop across Asian insurance sectors as Solvency II capital requirements for European insurers will cause them to lose out to domestic competition
State pension rollback provides opportunity for insurers
Out of the ashes
Aegon looks to cost of capital to price optionality in VA liabilities
A proposed new modelling framework from the Dutch insurer's US arm uses cost of capital in an analogous role to the market price of risk in traditional pricing theory to value long-dated options embedded in VA liabilities
People
People
Aegon UK strengthens its risk management capability
UK arm of insurer appoints two directors to join its risk team
Aegon rescue aid contingent on VA hedging programme
EC makes variable annuity hedging a factor in Aegon bailout approval decision
EC approves Aegon bailout without forcing coupon deferrment
Absence of measures forcing payments to Dutch state at expense of subordinated debt holders means Fitch upgrades firm's hybrid capital
Aviva Investors recruits fund manager to SRI division
Colin Purdie, formerly of Aegon Asset Management, joins Aviva Investors as SRI credit fund manager.
Loss leaders
Operational risk is potentially the biggest risk faced by insurers – and also one of the most difficult to model. However, as a number of loss data aggregation initiatives globally either emerge or mature, insurers are better placed to quantify their op…
Variable annuity redesign led by US innovation
Variable annuity providers were hurt by basis risk, extreme volatility and policyholder lapses during the crisis, and guarantees were scaled back and repriced as a result. Now risk management is driving a US-led surge of innovation. Laurie Carver reports
Aegon appoints new UK CRO
Garthwaite given role as new chief risk officer for insurer's UK arm