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Changing Minds – VA Insurers Cancel, Adjust, Postpone Products

Steven D. McDonnell

By the looks of things, we are entering a period of de-risking around the variable annuity space, brought on by a variety of pressures, among them market volatility, low interest rates, and abrupt spikes in insurers’ deposits due to fire sales. As they make their moves, industry players will be monitoring their relative positions so that they don’t fall too far, but their main priority, over the near term, will be risk management...

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