{"title":"Variable annuity pricing, valuation, and risk management: a survey","authors":"Runhuan Feng, Guojun Gan, Ning Zhang","doi":"10.1080/03461238.2022.2049635","DOIUrl":null,"url":null,"abstract":"Variable annuity is arguably the most complex individual retirement planning product in the financial market. Its intricacy stems from a variety of product features including investment options, guaranteed benefits, withdrawal options, etc. In many ways, variable annuities can be viewed as traditional life and annuity products at the next level of sophistication with added financial options. Despite a significant amount of publications by practitioners and academics on the subject matter, there have been few research papers that systematically exploit the basic principles underlying the operation of variable annuities. This survey paper aims to fill in the gap in the literature for an overview of state-of-the-art technology and recent trends in the development of variable annuities.","PeriodicalId":1,"journal":{"name":"Accounts of Chemical Research","volume":null,"pages":null},"PeriodicalIF":16.4000,"publicationDate":"2022-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"10","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Accounts of Chemical Research","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1080/03461238.2022.2049635","RegionNum":1,"RegionCategory":"化学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"CHEMISTRY, MULTIDISCIPLINARY","Score":null,"Total":0}
引用次数: 10
Abstract
Variable annuity is arguably the most complex individual retirement planning product in the financial market. Its intricacy stems from a variety of product features including investment options, guaranteed benefits, withdrawal options, etc. In many ways, variable annuities can be viewed as traditional life and annuity products at the next level of sophistication with added financial options. Despite a significant amount of publications by practitioners and academics on the subject matter, there have been few research papers that systematically exploit the basic principles underlying the operation of variable annuities. This survey paper aims to fill in the gap in the literature for an overview of state-of-the-art technology and recent trends in the development of variable annuities.
期刊介绍：
Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance.
Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.
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