Description: This paper proposes weighted fund style analysis as a better method to hedge market risks of variable annuities.

Description: This web page describes the new Variable Annuity Guaranteed Living Benefits Utilization study.

Description: The Policyholder Behavior in the Tail Risk Management Section Working Group issued its fifth survey to gather the range of 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: This report provides the results of a VA survey on policyholder behavior in the tail on VA products containing guaranteed minimum benefits.

Description: This presentation provided an analysis of investment guarantees in equity-linked products. There was an overview of the data and models in use. In addition an actuarial approach to left-tail analysis was presented as well as a dynamic hedging approach. From Actuarial Research Clearing House, 2012, Vol. 1.

Description: Highlights of the results of a Milliman survey of the 2004-2009 historical pattern of sales of annuity products with guaranteed living benefits

Description: The study examines the GLB utilization of over 4.9 million contracts that were either issued during or in force as of 2014.

Description: Few product innovations have transfigured the variable annuity (VA) industry as much asguaranteed living benefits (GLBs).

Description: Few product innovations have transfigured the variable annuity (VA) industry as much as guaranteed living benefits (GLBs).

Description: This document requests intents to participate and provides data submission instructions for the 2008 to 2013 Canadian Segregated Fund Policyholder Behavior Experience Study.