After Financial Crisis, Asia Emerges as Variable Annuity Growth Area
By Rebecca Ng | |
A.M. Best Company, Inc. |
Variable annuity growth will be driven by
Sino-foreign life insurance joint ventures are "better prepared" and "more eager" to launch variable annuity products in mainland
Chinese insurers need to pay attention to sound risk management tools and educating policyholders about variable annuities,
Variable annuity products, though risky from an insurer's perspective, are "very attractive" to policyholders relative to traditional and participating policies because they offer the benefits of "income and capital protection guarantees," according to the research report by
Variable annuities had long enjoyed successes in
The variable annuity was introduced in
Some writers exited the variable annuity market in 2009 after the financial crisis, but
In 2007, prior to the global financial crisis,
In
Although the global financial crisis shrunk the variable annuity market in
(By
Copyright: | (c) 2012 A.M. Best Company, Inc. |
Wordcount: | 550 |
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