Description: The NAIC has adopted revised VM-21 and AG43 for variable annuities, effective Jan. 1, 2020. The panel of presenters will provide background and an overview of the revisions, discuss detailed aspects of the new CTE Amount Standard Projection and prescribed assumptions, as well as discuss implementation considerations and the implications to hedging. In addition, the panelists will share progress on VM-23, principle-based reserves for non-variable annuities.

Description: The presentation will outline the different possibilities insurance companies have to hedge their equity risk for the various products.

Description: This session will explore several critical elements in developing a sustainable and coherent framework to translate complex annuity (VA and FIA) policyholder behavior experience data to assumption models using company- and industry-level data, as well as inforce management techniques to handle related risks.

Description: This session from the 1995 SOA Boston Meeting provides an update on developments in the fixed, variable and market-value-adjusted annuity markets, including product trends such as compensation, bailouts, guaranties, return-of-premium benefit and roll-up benefit. From the Record of the Society of Actuaries, Vol. 21, No. 4b.