Description: This is a report on the PBITT Working Group's fourth survey to gather the assumptions actuaries use in pricing, reserving, and risk management of minimum guarantees on Variable Annuity products, such as death benefits, income benefits, withdrawal benefits and maturity benefits.

Description: An overview of the evolution of equity-based guarantees (e.g. VA, FIA, etc.) over the last few years and discussion the current lay of the land as it relates to the regulatory, issues, capital markets environment in which these products are offered.

Description: In this session from the 1995 Spring Meeting, panelists will discuss the structure, cost, and reserving practices of variable annuity guaranteed minimum death benefits. They also identify and meaure the risks associated with GMDBs. It From Record of Society of Actuaries Vol. 21, No. 1.

Description: In session 118 TS of the Washington Annual Meeting panelists discuss the growth in variable annuities and the increased insurance industry exposure to mortality risk associated with GMDB. The focus of this session is on current practices in the areas of reserving for GMDB and modeling the GMDB risk. From the Record of the Society of Actuaries, Vol. 23, No. 3.

Description: This session at the SOA 1998 Maui I Spring Meeting focuses on the variable annuity market including product guarantees, unbundling, cost averaging subaccounts, asset based compensation, and variable annuitization.

Description: 1999 SOA Annual Meeting, San Francisco. The panelists provided a brief description of the guaranteed benefits offered on Variable Annuities in both the U.S. and Canada, followed by an in-depth comparison of current issues, including risk assessment, reserving, and cash-flow testing.

Description: 1994 SOA Meeting, San Francisco. This interactive presentation on variable products addressed life and annuity product design, pricing, distribution, and reserving issues.

Description: Presented at May 2002 Spring Meeting. This session provides an overview of the various methods used to manage the risks from guarantees of equity-based life and annuity products. Discussion includes the use of reinsurance, self-insurance and static/dynamic hedging.

Description: Panelists discuss the challenges of managing the financial risks of guaranteed minimum death benefits [GMDBs] and guaranteed living benefits [GLBs] on variable annuity contracts. In particular, they discuss managing these risks through product design and through hedging. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 31PD of the Boston Annual Meeting.

Description: This session from the 2003 SOA Orlando Meeting discusses the new risk-based capital RBC requirements for variable annuities with guranteed benefits such as guaranteed minimum death benefits - GMDBs and guaranteed minimum income benefits - GMIBs. From the Society of Actuaries Record, Volume 29, No. 3.