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Virtuous innovation or obfuscation? product innovation in the variable annuities market

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Registro MARC
Tag12Valor
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008  260210e20251117usa|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎219
100  ‎$0‎MAPA20260002644‎$a‎Jing, Xiaochen
24510‎$a‎Virtuous innovation or obfuscation? product innovation in the variable annuities market‎$c‎Xiaochen Jing, Daniel Bauer and J. Tyler Leverty
500  ‎$a‎The article examines how innovation in variable annuities evolves, distinguishing between virtuous innovations that enhance consumers' financial protection and obfuscating ones that add complexity without clear benefit. Using text analysis and theoretical models, the authors show that new products start simple but become more complex as competition increases. They also find that insurers facing higher cost constraints tend to offer more complex, higher-priced products and are less likely to lead innovation. Overall, the study concludes that both beneficial innovations and strategies exploiting less-informed consumers coexist in this market
650 4‎$0‎MAPA20250003590‎$a‎Innovación aseguradora
650 4‎$0‎MAPA20080586294‎$a‎Mercado de seguros
650 4‎$0‎MAPA20080590413‎$a‎Diseño de productos
7001 ‎$0‎MAPA20080650254‎$a‎Bauer, Daniel
700  ‎$0‎MAPA20090029347‎$a‎Leverty, J. Tyler
7102 ‎$0‎MAPA20080465346‎$a‎American Risk and Insurance Association
7730 ‎$w‎MAP20077000727‎$g‎17/11/2025 Volumen 92 Número 4 - noviembre 2025 , p. 978 - 1012‎$x‎0022-4367‎$t‎The Journal of risk and insurance‎$d‎Nueva York : The American Risk and Insurance Association, 1964-