We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Blog + Articles

Categories

  • Industry Articles (12,285)
  • Industry Conferences (2)
  • Industry Job Openings (45)
  • Negative Media (124)
  • Positive Media (73)
  • Sheryl's Articles (471)
  • Sheryl's Blogs (147)
  • Wink's Articles (183)
  • Wink's Blogs (136)
  • Wink's Press Releases (73)
  • Blog Archives

  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • Ruark Consulting Releases 2019 Fixed Indexed Annuity Study Results

    February 26, 2019 by Ruark Consulting, LLC

    SIMSBURY, Conn.–(BUSINESS WIRE)–Ruark Consulting, LLC today released the results of its 2019 studies of fixed indexed annuity (FIA) policyholder behavior. The studies, which examine the factors driving surrenders, guaranteed lifetime income benefit (GLIB) utilization, and free partial withdrawals, were based on experience from 3.5 million policyholders from 2007 through September 2018. A total of 15 companies participated, comprising $240 billion in current account values. Highlights include:

    • After a slow decline from 2010 through 2016, FIA surrender rates have climbed in 2017-18. Shock duration surrender rates in the most recent quarter rose to a level last seen in 2009.
    • Surrenders are sensitive to interest rates: contracts that are credited less than 2% interest exhibit sharply higher surrenders; and as market interest rates increase, so do surrenders.
    • GLIB exposure beyond the surrender charge period increased 34% from last year’s study, providing a more credible basis for long-term behavioral assumption models.
    • Contracts with a GLIB have much lower surrender rates than those without, and even more so for those that have commenced income.
    • GLIB commencement rates are influenced by age, tax status, and contract size, with a larger proportion commencing income at the first opportunity.
    • GLIB utilization increases and surrenders decrease when contracts are economically “in the money”, reflecting longevity and the time value of money.

    “By aggregating across the industry, our studies offer even our largest clients a way to achieve greater precision than they could by relying only on their own data,” said Timothy Paris, Ruark’s CEO. “And as industry experience develops, the underlying trends are becoming even clearer.”

    Detailed study results, including company-level analytics and customized behavioral assumption models calibrated to the study data, are available for purchase by participating companies.

    Ruark Consulting, LLC (www.ruark.co), based in Simsbury, CT, is an actuarial consulting firm which aims to be the platform and industry benchmark for principles-based insurance data analytics and risk management. Ruark’s consultants are frequent speakers at industry events on the topics of longevity, policyholder behavior, product guarantees, and reinsurance. Their work and commentary have appeared in numerous industry publications. Ruark enjoys an ongoing collaboration with the Goldenson Center for Actuarial Research at the University of Connecticut.

    Contacts

    Timothy Paris, FSA, MAAA
    CEO, Ruark Consulting, LLC
    timothyparis@ruark.co
    860.866.7786

    Originally Posted at Business Wire on February 21, 2019 by Ruark Consulting, LLC.

    Categories: Industry Articles
    currency