Description: Target volatility, as an investment strategy, has been used by many funds not only as a way to smooth return but also as a way to manage risks of the VA guarantees. Contrary to existing research which favors volatility targeting over fixed allocation, this article shows that because of the existence of market jump risk, target volatility strategy does not necessarily offer an improved risk profile for VA writers. Further, target volatility coupled with leveraging can significantly increase tail risk for insurance companies.

Description: The Chairperson’s Corner focuses on how our section has evolved in communicating to its membership. Providing timely and pertinent research information is key, and we’re exploring communications through enhancements in our website, discussion forums on LinkedIn, and also producing podcasts.

Description: Introduction to longevity insurance, including product design and a market overview

Description: Full issue of the October 2013 Product Matters newsletter.

Description: Describes some of the content of the Underwriting issues and innovations seminar for the last 2 years, and lays out the topics for the seminar for 2015.

Description: AG 49 pertains to illustrated life insurance products with a crediting rate tied to an index. The guideline discusses the maximum illustrated credited rate and format changes to illustrations.

Description: Welcome message from the new Chairperson of the Product Development Section.

Description: Read the July 2016 issue of Product Matters!

Description: Life insurers offer Juvenile riders or low face amount whole life plans. The market is seeking multimillion dollar juvenile policies. What are the risks?