This new book by the best-selling editors of Variable Annuities analyses all investment products with guarantees - such as VAs, index linked products, CPPI-based products - from the perspective of product design, pricing, reserving value management and risk management. It examines issues that are faced by both insurance and mutual fund companies.
Non-traditional Life Insurance Products with Guarantees provides an overview of all of the relevant aspects of these investment and retirement products from an insurer’s and pension plan’s perspective and offers practical and theoretical advice. The editors have brought together a team of authors from the industry, resulting in a practical and essential text for any insurer.
|Publication date||14 Oct 2016|
Part 1: Environment
Low Interest Rate Environments and consequences
Risks faced by writers of investment guarantees
Variable Annuity in Asia post 2008
How did Variable Annuities Fare in the Crisis?
Capital light products - the holy grail (title tbc)
An overview of regulatory requirements
Part 2 - Modelling
Economic Scenario Generators and Variable Annuities
Modelling and Managing policyholder behavioral risks
Modelling and Managing mortality and longevity risks
Valuation of Variable-Annuity Guarantees
Part 3 - Risk Management
Understanding and using reinsurance treaties for guaranteed products
Hedging of Long Term Fund Linked Exotic Options
Overview of commonly used risk-management strategies
Taxinomy of equity, interest rate, hybrid and customised derivatives used for risk management
Managing risks underlying a VA liability
Measuring hedge Effectiveness
Measuring and reporting hedge efficiency
8 Important Questions Practitioners Should Ask When Managing Equity Linked Insurance Guarantee Risks