In the wake of the recent global credit crisis and resulting market volatility, the insurance industry is certainly no exception in having to deal with its own set of industry challenges. Numerix’s Mark Hadley discusses the trends in pricing and risk management of variable & fixed Annuities along with the actuarial challenges posed by the current market environment.
Q.It is safe to say that insurance companies are becoming bigger and bigger consumers of derivatives. Where do you see this growth and usage coming from?
