Volatility present in the post-crisis environment has led many insurance companies to seek a variety of approaches in limiting risk exposure from their variable annuity product offerings. Most insurers have traditionally achieved this through a combination of scaling back benefits and increasing fees. However insurers seeking competitive advantage in the evolving landscape have also pioneered several new approaches to managing volatility risk in their variable annuity products, beyond simply sourcing Vega hedges from the OTC derivatives market, through sophisticated product design.
Among them, target volatility funds are becoming more and more common in new product designs. Fee-indexing has also appeared in some products, which allows the insurance company to share the cost with the policyholder.
On November 15, 2012 featured speaker Mark Hadley, FSA, CFA, Vice President, Financial Engineering, discussed modern approaches to volatility risk management in investment guarantees. Through this webinar we will:
Featured Numerix Speakers:
Mark Hadley, FSA, CFA, Vice President, Financial Engineering, Numerix
Mr. Hadley has worked with numerous variable annuity insurers across the industry, whose exposure spans all corners of the globe. He specializes on the capital markets side focusing on financial market modeling, hedge strategy design, and hedge execution.
In his current role with Numerix, he consults with banks, hedge funds, and insurance companies across the globe on how to manage exotic derivative exposure. Prior to Numerix, Mark worked with Milliman’s Financial Risk Management group, where he designed and executed several VA and EIA hedging strategies.
Moderator: Jim Jockle, Chief Marketing Officer
Mr. Jockle leads the company's global marketing efforts, spanning a diverse set of solutions and audiences. He oversees integrated marketing communications to customers in the largest global financial markets and to the Numerix partner network through the company's branding, electronic marketing, research, events, public relations, advertising and relationship marketing.
Prior to joining Numerix, he served as Managing Director of Global Marketing and Communications for Fitch Ratings. During his tenure at Fitch, Mr. Jockle built the firm’s public relations program, oversaw investor relations and led marketing and communications plans for several acquisitions. He also oversaw the brand development of a new company dedicated to the enhancement of credit derivative and structured-credit ratings, products and services. Prior to Fitch, Mr. Jockle was a member of the communications team at Moody's Investors Service.
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