July 15, 2010, Cover Stories, Annuities
Plugging Leaks in VA Guarantees
VA issuers can’t keep bearing so many of the contract risks. Milliman's Ken Mungan (above) and Deep Patel suggest three ways to make VA manufacturing more sustainable.
Insurers need to make “fundamental changes” in the way it manufacturers variable annuity living benefits, according to Milliman, the global consulting firm that already provides hedging expertise to many if not all of the major VA manufacturers.
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