Current VA reserve and capital requirements challenging L/A insurers

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<rdf:Description>
<dc:date>2018-05-18</dc:date>
<dc:description xml:lang="es">Sumario: Current 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.</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/164632.do</dc:identifier>
<dc:language>eng</dc:language>
<dc:publisher>A.M. Best Company</dc:publisher>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Empresas de seguros</dc:subject>
<dc:subject xml:lang="es">Seguro de vida</dc:subject>
<dc:subject xml:lang="es">Reservas técnicas</dc:subject>
<dc:subject xml:lang="es">Análisis actuarial</dc:subject>
<dc:subject xml:lang="es">Reaseguro</dc:subject>
<dc:subject xml:lang="es">Compañías cautivas</dc:subject>
<dc:subject xml:lang="es">Estados Unidos</dc:subject>
<dc:type xml:lang="es">Libros</dc:type>
<dc:title xml:lang="es">Current VA reserve and capital requirements challenging L/A insurers</dc:title>
<dc:format xml:lang="es">7 p.</dc:format>
<dc:relation xml:lang="es">Best's special report</dc:relation>
<dc:coverage xml:lang="es">Estados Unidos</dc:coverage>
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