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How effective is variable annuity guarantee hedging?08 December 2016 - By Peter H. Sun and Ram Kelkar and Victor Huang - Article

This paper examines the effectiveness of the hedging programs for a wide variety of Variable Annuity writers.

Variable annuity dynamic lapse study: A data mining approach17 June 2011 - By Peter H. Sun - Article
Dynamic lapse behavior is an important factor in variable annuity (VA) pricing and valuation. Analyzing lapse data can generate fundamental insights on policy lapse behavior.Korean variable annuities market01 March 2010 - By Chihong An and Dongkuk Kim and Ji Eun Choi and Peter H. Sun - Article
Dynamic hedging offers great promise in the expanding Korean VA market.The VA industry: An analysis of recent activities01 July 2009 - By Peter H. Sun - Article
Hedging programs maintained 94% effectiveness from November 2008 to March 2009. Many life insurers have expanded their programs to cover previously unprotected assets.Performance of insurance company hedging programs during the recent capital market crisis01 May 2009 - By Gary Finkelstein and Joshua Corrigan and Ken Mungan and Peter H. Sun - Article
Performance of insurance company hedging programs during the recent capital market crisis01 May 2009 - By Joshua Corrigan and Ken Mungan and Peter H. Sun - Article
Cultivating confidence: The emerging global market for VA-style guaranteed benefits products01 December 2008 - By Tamara Burden and Gary Finkelstein and Sam Nandi and Rikiya Ino and Wade Matterson and Peter H. Sun - Article

The success of retirement-savings products such as variable annuities (VAs) with guaranteed benefits in the United States and Japan—and the ability of these products to stand up to intense market volatility, as we saw in September and October of 2008—has caught the attention of insurance companies and policyholders in the global market.

Hedging programs save insurers $40 billion during economic crisis01 December 2008 - By Ken Mungan and Peter H. Sun - Article

During the volatile months of September and October, the hedging programs developed to protect variable annuities (VAs) with guarantees were, based on an internal study, 93% effective, saving an estimated $40 billion in industry wide assets for the insurance companies

Impact of recent market turbulence on hedging programs for equity-linked guarantees20 May 2008 - By Peter H. Sun and Wade Matterson and Rikiya Ino - Article

A survey reports the results of financial risk management techniques born out of the last period of intense market volatility in late 2001 that have weathered their first big, real-world test.

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