Volatility knocks

The turbulence in global equity markets has caused sizeable losses for insurance companies that have delta-hedged variable annuity exposures. Are insurers considering other options? Peter Madigan reports

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The credit crisis has morphed in the past three months from a calamity largely affecting financial institutions with subprime mortgage exposures to a widespread phenomenon involving equities, commodities and foreign exchange rates. In this latest phase, the ripple effects have spread far beyond banks and hedge funds, and are starting to hit the insurance sector.

Having navigated the early part of the crisis relatively unscathed, insurance companies are starting to feel the pressure caused by

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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