Description: Discussion of three aspects of GMDB— the retail product, the reinsurance players and the reinsurance techniques.

Description: The author's asserts that when estimating life expectancy, care should be taken to account for how trends in mortality can change over time change over time and that by assuming they remain constant, one can underestimate life expectancy and therefore undervalue annuity products.

Description: A jurisdiction’s regulatory regime can make some insurance products capital intensive to write. This can increase incentives for insurers to enter into risk transfer arrangements, such as reinsurance, to support their business and growth objectives.