Variable Annuities-Reference-Cited by-同舟云学术

Variable Annuities

Published:2008-07-01 Issue:2 Volume:14 Page:327-389
ISSN:1357-3217
Container-title:British Actuarial Journal
language:en
Short-container-title:Br. Actuar. J.

Author:

Ledlie M. C.,Corry D. P.,Finkelstein G. S.,Ritchie A. J.,Su K.,Wilson D. C. E.

Abstract

ABSTRACTThis paper provides a detailed overview of variable annuities. Consideration is given first to the definition of the term variable annuity. Common terminology used in the variable annuity market is introduced. The current state of the United Kingdom and other international markets is described. Then, by reference to a simplified product, an analysis of customer outcomes, pricing, reserving, risk management and hedging is carried out. The paper ends with a description of current U.K. pensions legislation and how it potentially constrains product development.

Publisher

Cambridge University Press (CUP)

Subject

Statistics, Probability and Uncertainty,Economics and Econometrics,Statistics and Probability

Reference24 articles.

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2. Pricing and hedging guaranteed annuity options via static option replication;Pelsser;Insurance: Mathematics and Economics,2003

3. Moody's Investor Services, Global Credit Research (2006). Variable annuity writers improve results for embedded options: Moody's results of VA hedging survey. Special Comment, March.

4. Market-Valuation Methods in Life and Pension Insurance

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