Annuities
How MerQube sold Wall Street on open indexing relationships
Four-year-old Silicon Valley firm sees growing role for third parties as indexes become more complex
Pension buyouts: rock-bottom prices mask unease over risk
US insurers will digest $40bn in pension assets this year but tight pricing and an economic downturn could lead to reflux
Platforms bring structured products to the masses
Simon, Luma and Halo fuel 80% rise in volume of structured investments in US
Apollo, KKR, Ares and the Bermudan CLO arbitrage
‘Capital efficiency’ may explain a 1,100% surge in life assets reinsured on the Atlantic island
Sixth Street leads race to buy Allianz’s US annuity book
Credit investment firm spun out of TPG in 2020 snapping up insurance assets via its Tao fund
Put options power up variable annuities
Insurance quants increase risk-adjusted profits using novel hedging technique
Impact of hedging strategies on variable annuities
Put options may reduce the cost of hedging strategies for insurers
Credit Suisse bets on intraday vol signals to revive FIA sales
New line of fixed indexed annuities will use intraday data for more precise vol targeting
Japan regulation sparks hunt for new annuity products
Foreign currency products hit by push for transparency on forex risk and charges
Prudential Financial braces for higher lapse risk
Net redemptions hit $1.2 billion at US insurance giant
Efficient valuation of equity-indexed annuities under Lévy processes using Fourier cosine series
This paper proposes an efficient algorithm to value two popular crediting formulas found in equity-indexed annuities – APP and MPP – under general Lévy-process-based index returns.
Crunching mortality and life insurance portfolios with extended CreditRisk+
Jonas Hirz, Uwe Schmock and Pavel Shevchenko present a summary of actuarial applications of the extended CreditRisk+ model
Negative rates force decline in yen life products
Japan’s life firms are increasingly focused on foreign-currency products
Insurers eye secondary annuities as perfect matching asset
Some UK firms see nascent market as source of ideal hedging tool
Technology vendor of the year – non-bank: Numerix
Staying ahead of client demands in the annuities space reaps dividends
US fiduciary duty rules: a Labored delivery
Seismic changes rattle the market, but structured products could stand to gain
US fiduciary rules could clear path for structured products
Issuers could benefit from new Department of Labor regulation
Totally skewed: US annuity hedges magnify S&P volatility
Dealer hedging of popular retirement products affecting index greeks, say traders
Life firms split on what risk margin means for bulk annuities
L&G predicts record volumes, but Aegon and UK's Prudential say risk-margin costs too high
Top annuity firms turning to transitionals
Doubts on matching adjustment are causing insurers to change plans
Small schemes face shut-out if pension buy-ins surge
Growing demand strengthens position of insurers