German insurers turn to CPPI and volatility control to back new guaranteed policies
Ergo dynamic hybrid product leads new wave
German life insurers are turning to innovative constant proportion portfolio insurance (CPPI) and volatility control mechanisms to underpin a new range of long-term guaranteed products.
Ergo, the life insurance subsidiary of Munich Re, will launch a product on July 1, which promises both a guaranteed return of gross premium and a guaranteed pension for life, in addition to potential investment participation.
Allianz Germany is also set to launch a new pension product, ‘Perspektive', on July 5
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