The annuity market has been declining while the Registered Index Linked Annuity (RILA) market has been expanding. The presenters will share why the market is growing along with key features and considerations for the product from an actuarial perspective.
Topics will include:
- How a RILA is structured (along with VA and FIA comparisons)
- Key pricing considerations and common approaches
- ALM and risk considerations
- Summary of the approach for U.S. statutory and U.S. GAAP valuation along with key considerations
At the conclusion of the session, attendees will be able to:
• Explain the increase in consumer demand and product opportunity
• Explain the key features and mechanics of a RILA
• Understand the pricing of RILA product
• Understand the key risks and ALM risks associated with RILA
• Explain high-level reserving mechanics of RILA under U.S. GAAP and U.S. statutory frameworks
• Understand the regulatory landscape impacting RILA productsThis session is presented by the Product Development Section.