With unpredictable returns from the equity market and consolidation in the individual annuity industry, carriers are looking for ways to manage multiple blocks of business that are tied to aging technology platforms, according to “Business And Technology Trends: Individual Annuity,” a business and technology trends report from Novarica, an insurance business and technology consultancy.

Variable annuities offer guaranteed minimum withdrawals and have become popular with consumers, but carriers now are confronted with differences between actual and expected lapse rates, forcing earnings charges and write-downs on these products, Novarica said.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access