Research & Reports
Summer Moves on the VA Scene – a Mix of Innovation and De-Risking
This summer has been slow in terms of variable annuity product filings – as usually is the case for the time of year – however we have seen enough interesting things come through to give...
VA Insurers Say They Are Managing Benefit Risks – But Still Want to Trim Them
It’s been a while since we checked in on variable annuity guaranteed benefit risk levels, and we were reminded of that fact by MetLife’s recent investor day, where the topic was discussed at length. We...
Spring Arrivals – of New Variable Annuity Product Concepts and Revisions
Each year we look forward to the May prospectus update season – despite the onslaught of filings – because interesting storylines always seem to emerge during that time. In this commentary we’ll discuss a few...
VA Insurers Are Developing New Limits on Contracts, Riders, Underlying Funds
This year most variable annuity insurers have been cutting back on the generosity of their guarantees, however we think any companies seeking to remain competitive are sort of walking a fine line – they want...
VA Insurers Attempt to Design Attractive – But Manageable – Guarantees
A dilemma for insurers working in the variable annuity space these days is how to offer guarantees without taking on undue amounts of risk. To our minds this consideration is a priority for the industry,...
Newer Annuity Types That Are Emerging During this Period of De-Risking
For the most part, variable annuity insurers are moving away from selling risky benefits, but we think that the process of de-risking will take time, because industry sales are still largely driven by the richest...
As Summer Winds Down, More VA De-Risking Moves are Occurring
Lately we’ve been seeing fresh product reductions taking place around the variable annuity business, and we think that the effectiveness of such moves will depend largely on how each insurer will look, competitively, after making...
Reviewing VA Guaranteed Benefit Assets, NAR Movements From Q2
At different points in the past we have combed through quarterly financials of stock-traded insurers for data related to variable annuity guarantees, in an effort to gain insight on how such benefits might be impacting...
In Reactive Mode – VA Issuers Are Trimming Products in Response to Peers
This summer is shaping up to be a rather busy one, as a number of variable annuity insurers have been filing product changes aimed at either reducing their sales, trimming their benefit risk levels –...
