Uncovering Meaning in Recent Rounds of VA Industry Repositioning

Since the second half of last year, the variable annuity business has been in transition, and a nearly constant stream of adjustments have been made to contracts, riders, not to mention other things, these certainly being dictated by various ripple effects from the troubled financial markets. Recently we’ve seen some major “scale back” moves being made by insurers looking to reduce their accumulated risk and shore up profitability...