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Annuity Market News articles from December 2005
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Annuity Market News archives from December 2005
Industry Faces Sobering Realities: Inevitable Change on Horizon for Variable Annuities.
December 1, 2005... NEW YORK - At a pivotal time for the entire financial services industry, insurance company executives need to carefully consider strategies for growing the annuity business. Change is inevitable if annuities are to assume the role in retirement...
FRC VA Best Practice Study Spots Problems.
December 1, 2005... In an era of stiff compliance, variable annuity wholesalers are the key to helping registered representatives understand their products.
That's the word from a recent study by the Financial Research Corp. (FRC), Boston.
FRC's study...
Facing Longevity Risk: Are You Ready?
December 1, 2005... If all goes well, the insurance industry will help the vast wave of retiring Baby Boomers by selling them annuities that protect against late-life impoverishment. If all goes well, the insurance industry, however, will be assuming a load of...
At Deadline.(rules for insurance companies)
December 1, 2005... Final Money Laundering Rules Issued
The Department of Treasury's Financial Crimes Enforcement Network issued final rules for insurance company compliance with anti-money laundering requirements. Insurers are required to establish...
People Moves.(Allianz Life Insurance Co)(American International Group)(Prudential Financial)
December 1, 2005... Allianz Names Annuity Heads
Allianz Life Insurance Co. of North America has appointed two executives to leadership positions overseeing annuities. The company promoted Patrick M. Foley to the newly created post of chief marketing officer,...
To See the Future, Look to the Past.(annuities)
December 1, 2005... Again, we come to the time of year for an annual retrospective. I could comment on the dangers of recycled money for an industry that desperately needs to find new customers. Or the continued bad press, in the face of the clear value of...
Selling Away Risk.
December 1, 2005... Longevity and survivor bonds may allow insurers to purchase instruments to cover the risk of life annuities, but that is not the only option outside of reinsurance. In recent years, insurers have taken more seriously the risks they have assumed...