With-profit funds
Fairness agenda raises concerns for Swedish insurers
New bonus distribution rules would have negative effects, say practitioners
New regulations leave retail structured products on shaky ground in France
One step forwards, three steps back
Valuation of with-profit insurance policies with interest rate guarantees
Classical with-profit life insurance products are traditionally backed by a buy-and-hold bond investment strategy. Using book-value accounting for such products tends to lead to a design of the guarantee rate based on an average of long-term interest…