Indexed variable annuities: The next product frontier for the US annuity market

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Overview

IVAs – indexed variable annuities (also known as “structured” or “buffer” annuities) – are a relatively new product that have drawn interest both among insurers and investors. IVAs have traits insurance companies and customers find attractive, but complex financial reporting and compliance considerations accompany them.

In order for actual and potential issuers and other interested parties to better understand the nature of these products, our report analyzes the following issues:

  1. Product design 
  2. Product engineering 
  3. Issuance 
  4. Asset-liability management 
  5. Accounting considerations across regulatory and GAAP accounting frameworks.

How PwC can help

Our actuarial services team consists of credentialed life, health and non-life actuaries. We provide advice and consulting services to life and health insurers, non-life insurers, reinsurers, captives, banks, third-party administrators, regulators, agents and brokers, and bureaus and associations. We have extensive experience serving the domestic and international insurance industry, and assist insurers with actuarial modernization, process improvement, risk and capital management, value analyses, deals, and financial reporting.

Contact us

Simpa Baiye

Director, Life Actuarial Services, PwC US

Robert Humphreys

Manager, Actuarial Services, PwC US

David Knipe

Director, Capital Markets and Accounting Advisory Services, PwC US

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