Description: This article describes how to model variable annuities using a GPU along with some of the stumbling blocks.

Description: This article provides an excerpt of the results of a survey on policyholder behavior in the tail with respect to variable annuity guaranteed benefits. GMIB is specifically addressed.

Description: This article departs from the usual GMWB pricing approach by assuming that the policyholder is always smart enough to act in his/her own best interest.

Description: This article provides some insights in how to bring risk management into product development for VA guarantees.

Description: This paper discusses the proposed compulsory savings program combined with transparent investment vehicles designed to promote competition based on expense levels, fund performance and customer service. At retirement 50% of the account is annuitized in Participating Variable Annuity (PVA) backed by TIPS. All investment experience, expenses, and pooled longevity experience is passed to annuitants through periodic benefit adjustments. Annuities are priced uniformly based on age at commencement.

Description: Discusses the taxation of distributions from variable annuities.

Description: This is a book review of 'The Variable Annuity, Its Development, Its Environment and Its Future' by Paul A. Campbell. This attractively produced booklet will serve as a very good introduction to variable annuities for all approaching the subject from a general insurance background. The copious references included should also make it of use to an actuary dealing with variable annuities.

Description: Feature article discussing the variable annuity industry rebuilding and reinventing itself.

Description: Derives appropriate hedge ratios for CPPI strategies, taking into account discrete hedge times and market dislocations (gap risk).

Description: This article is about the design and growth of the new variable life and annuity products.