Description: The presenters will review and discuss the recent trend of FIA and Structured Annuities new product development, illustrate the differences and similarities between these two types of products, and discuss how insurance carriers may effectively manage the capital market risk from derivative hedging perspective. Special emphases will be on (1) the performance of customized FIA indices during the recent economic cycles, relative to benchmark equity indices such as S&P 500, and (2) the latest product designs of Structured Annuities and offering rates by insurance carriers.

Description: This abstract describes a paper that provides a framework for a joint analysis of financial and longevity guarantees and applies this framework to different annuity conversion options in deferred unit-linked annuities.

Description: How to set asset assumption, at the cycle or through the cycle and other considerations

Description: This article discusses the opportunity for annuity carriers created by the SECURE Act to distribute annuities through Employer Sponsored Defined Contribution Retirement Plans. The article covers a high-level overview of the changes enacted by the law that create the opportunity, as well as the potential opportunity for future annuity sales.

Description: This report was prepared to provide an overview of Registered Index-Linked Annuities for use in the educational curriculum of the Society of Actuaries. It presents general principles and highlights major differences from other types of deferred annuities offered by life insurance companies in the United States.

Description: In session 64PD of the New Orleans Life Spring Meeting Panelists discuss the current market for annuities and different product designs and features. Also covered the the effect of the standard non-forfeiture law on annuities.

Description: This is a discussion on individual life insurance market needs and product design under conditions of inflation. Specifically it highlights the needs and interests of potential customers during periods of inflation, what problems are created in traditional life insurance product design during inflation, what solutions are available to life insurance companies and what solutions may be available in the future.

Description: IRS published final regulations on updated life expectancy and distribution period tables used for determining RMDs. The article intends to provide an overview on the development of the final regulations and highlight the key updates in final regulations, the transition rules to apply final regulations and some of the relevant issues not addressed in final regulations (e.g. MITT, Rev. Rul. 2002-62 and Notice 2004-15). The article also briefly discusses what financial institutions and actuaries would like to do before the regulations become effective on Jan. 1, 2022.

Description: Delves into the impact of rising interest rates on annuity product management, with a focus on the challenges of disintermediation and implications to hedging. Learn about in-force management actions, best practices for managing annuities in a changing environment and associated risks. Explore how companies are revising their hedging strategies to adapt to shifting market conditions and regulatory framework changes. Gain a comprehensive understanding of the relation between rising interest rates and disintermediation, its financial and business impacts, and strategies for managing business and setting assumptions during periods of high disintermediation. Come away with practical strategies for optimizing returns, minimizing risks, and navigating the challenges and opportunities associated with annuity product management in the current interest rate environment.

Description: Actuarial governance has become a standard industry practice over the past decade due to its strategic benefits; however, the quality of governance frameworks varies greatly throughout the industry due to different resource prioritization and risk cultures among insurers. Enterprises that invest in a strong actuarial governance framework can experience significant benefits, such as increased confidence in results, earlier indication of potential issues, better insights for management decision-making, and process efficiencies that can save insurers millions each year. They can also reduce the risk of costly material weaknesses.Governance frameworks come at a cost, however, as their design and implementation require enterprise-wide efforts and, frequently, external support. How should insurers balance the cost of actuarial governance with the benefits of increased efficiency and reduced risk?Explore the world of actuarial governance with a focus on model, assumption, and data governance. Learn more about case studies to quantify the potential costs and savings associated with actuarial governance. By attending this session, you will:•Be able to describe key aspects of actuarial governance frameworks. •Understand the costs of implementing actuarial governance as well as some of the risks associated with poor governance.