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Current VA reserve and capital requirements challenging L/A insurers

Recurso electrónico / electronic resource
Registro MARC
Tag12Valor
LDR  00000cam a22000004b 4500
001  MAP20180016721
003  MAP
005  20180608125910.0
008  180604e20180518usa|||| ||| ||eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎341
24510‎$a‎Current VA reserve and capital requirements challenging L/A insurers
260  ‎$a‎New Jersey‎$b‎A.M. Best Company‎$c‎2018
300  ‎$a‎7 p.
4900 ‎$a‎Best's Special Report ; May 18, 2018
520  ‎$a‎Current statutory reserve and capital requirements for variable annuities (VAs) with minimum guaranteed benefits have challenged L/A insurers' abilities to effectively manage risks associated with such guarantees. Misaligned elements of the reserves required under Actuarial Guideline 43 (AG43) and the capital requirements of C3-Phase 2 have resulted in non-economic volatility, leading VA writers to reinsure business to affiliated captives. These captives have also been used to align market risks with hedge programs, as the current framework may produce counterintuitive results. Efforts are under way by the National Associations of Insurance Commissioners (NAIC) to modify reserve and capital requirements so that non-economic volatility is diminished, possibly eliminating the need for reinsurance to captives.
650 4‎$0‎MAPA20080590567‎$a‎Empresas de seguros
650 4‎$0‎MAPA20080570590‎$a‎Seguro de vida
650 4‎$0‎MAPA20080582340‎$a‎Reservas técnicas
650 4‎$0‎MAPA20090041776‎$a‎Análisis actuarial
650 4‎$0‎MAPA20080552367‎$a‎Reaseguro
650 4‎$0‎MAPA20080584191‎$a‎Compañías cautivas
651 1‎$0‎MAPA20080638337‎$a‎Estados Unidos
830 0‎$0‎MAPA20090030251‎$a‎Best's special report