| Copyright: | PR Newswire | | Source: | PR Newswire | | Wordcount: | 367 |
HARTFORD, Conn., Dec. 6 /PRNewswire/ -- Traditional methods of measuring
capital, risk and value creation no longer adequately serve the variable
annuity insurer due to the complexity of new guaranteed benefits, according to
a new study by Conning Research and Consulting, Inc. As a result, managers
are developing alternatives as they pursue growth in the retirement market.
"Variable annuities, with their market-dependent benefits and guarantees,
are at the forefront of complexity and change in the life industry," said
Scott Hawkins, analyst at Conning Research & Consulting, Inc. "Companies that
succeed at gathering retirement assets will improve their evaluation and
management of the capital that offsets the financial risks generated by these
benefits."
The Conning Research study, "Capital and Risk in Variable Annuities: The
Rise of Economic Value and Beyond" looks at variable annuity companies to
explore issues related to capital, risk and value creation in the insurance
industry.
"For variable annuity providers, managing capital and risk increasingly
moves beyond allocating financial resources to satisfy regulatory concerns, to
becoming a basis for strategic decision making," said Stephan Christiansen,
director of research at Conning Research. "Insurance companies must
effectively manage two types of capital-regulatory capital for determining
solvency, and economic capital to support strategic decision making. The good
news is that there is interdependency between the two; effectively managing
regulatory capital improves the company's economic capital."
"Capital and Risk in Variable Annuities: The Rise of Economic Value and
Beyond" is available for purchase from Conning Research & Consulting, Inc., by
calling (888) 707-1177 or by visiting the company's web site at
www.conningresearch.com.
About Conning Research & Consulting, Inc.
Conning provides insurance industry analysis to insurers and industry
stakeholders. The Conning name has represented excellence in independent
insurance industry research for 50 years. As a result of its wealth of
experience and intimate knowledge of the insurance industry, Conning
understands industry challenges and opportunities and provides in-depth
insights and analyses on a wide range of industry products and issues. Conning
is headquartered in Hartford, CT.
Contact: Anne Steinberg or James Briggs Kitchen Public Relations, LLC 212-687-8999 anne@kitchenpr.com or jbriggs@kitchenpr.com
SOURCE Conning Research & Consulting, Inc.
CONTACT: Anne Steinberg, anne@kitchenpr.com or James Briggs, jbriggs@kitchenpr.com, both of Kitchen Public Relations, LLC, +1-212-687-8999
This is a news service of Thomson Business Intelligence Service ©2006. This content is for your personal use only, subject to Terms and Conditions. No redistribution allowed.
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