Research & Reports
Thinking About Retrenchment – and Related Themes Affecting the VA Market
Variable annuity product filing has been a bit slow of late, so in this commentary we will take a step back and reflect on the subject of retrenchment within the industry, how most insurers are...
VA Insurers Are Picking Up Where They Left Off – With More Product Changes
As we get fully into 2013 we’re noticing that a few variable annuity insurers are getting right back into the swing of things, by touching up their product offerings and coming out with new designs…
A Season of Change: VA Sales Fall as Insurers Cut Back on Their Products
The year 2012 was a time when insurers made reductions to their variable annuity products: these moves included the trimming of guarantees, fee increases, closures of contracts and riders, installation of tighter investment restrictions, cuts...
MetLife’s New Index Annuity – An Example of Reverse Engineering
Last week we shared a rumor that a few insurers were planning to come out with renditions of AXA Equitable’s Structured Capital Strategies, a hybrid index/variable annuity, and said we had not seen a filing...
Why Did VA Industry Sales Decline in Q3? There Were Multiple Reasons
According to leading industry research firms, variable annuity sales dropped in the third quarter, and we weren’t too surprised by that, given the kind of moves insurers have been making of late. Furthermore we expect...
Industry VA Sales Look Steady for Q3 – But Earnings Results Were Mixed
After reviewing the variable annuity business results of the group of stock-traded insurers we track regularly, we’re figuring that third quarter industry sales were flat to slightly up sequentially, and probably got a little lift...
Hartford Introduces Rider Buyback Program to Accelerate VA Runoff
As the year is winding down we have been thinking that more insurers would consider coming out with guaranteed benefit buyback programs to trim their risk profiles. Late last week we got evidence that such...
Regarding Risk – and How VA Insurers’ Methods Are Evolving to Manage It
This year has been one of rapid change, as variable annuity insurers of all sizes have sought to reduce their product-related risks in one form or another, and we’re sure that anyone looking at all...
VA Insurers Are Fine Tuning Their Products – But Not Always De-Risking
Last week we saw an interesting mix of variable annuity product adjustments filed with the SEC. Some, as should be expected, were reductions to benefit guarantees, but a couple involved enhancing them…
