Osfi Variable Annuities

MEMBER RETIREMENT INCOME OPTIONS Knowing Your Retirement ...
Superintendent of Financial Institutions Canada (OSFI) website; for provincial pension clarification refer to the Life Annuities 14 Variable Benefit Account (VBA) 28 ... Retrieve Here

MCCSR requirements from OSFI (Canada) variable annuities available in the marketplace. 14 Applying representative scenarios ―Agenda Introduction and background Introduction and background Regulations and model specifications ... Access Doc

A Comparative Overview Of Deterministic And Stochastic ...
Surplus Requirements (MCCSR) (OSFI (2008)), the U.S. Risk Based Capital (RBC) (NAIC (2008)) and the Solvency II (CEIOPS (2010)) standard capital formulas as • ρ(X4) is segregated funds (variable annuities in the US) risk i.e. the risk of loss ... Fetch Here

Hedging Segregated Fund Guarantees
They are similar in many respects to variable annuities in the United States. However, segregated funds often have complex embedded optionality. For instance, many contracts OSFI Capital 1Requiremen t = CTE hedge + 2 (CTE no hedge - CTE hedge) ... Document Retrieval

Simon Curtis Executive Vice President & Chief Actuary ...
• #3 Variable Annuities 2007 Sales Rank: •#1 Group Health • #1 Individual Seg Funds • #2 Group Pensions • #2 Ind. Fixed Annuities (OSFI Mandated) Canadian Regulator (OSFI) • Reviews Business Units with onsite audits on 3-5 year cycle • Significant ... View Document

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK
(the "OSFI"), as well as provincial insurance regulators in Canada, state insurance regulators in the United States, and features; both segregated funds and variable annuities are "hybrids of mutual fund investments and insurance contracts." ... Fetch Document

Economic Capital (EC) Vs. Rating Agency Capital Vs ...
> NAIC, OSFI, FSA > Conservatism 3. Reporting disclosures > Product reporting lines > Net amount at risk 4. Timeliness of results > Different standards 5. Management access > Relationship to investment community Variable Annuities Without VAGLB’s ... Document Viewer

News Investment ExecutIve Mid-October 2010 Foresters Aims To ...
Crudely put, the MCSRR is OSFI’s measurement of an insurance company’s ability to pay off its lia- Instead of jumping into variable annuities, Mohacsi took Foresters down the road of specialization. Riding the success of its Unity Life purchase, Foresters aimed at carv- ... Doc Retrieval

December 10, 2012
Office of the Superintendent of Financial Institutions (OSFI) calibration criteria for required capital calculations applying to business written on or after 1/1/2011, a 20% drop is and results of a sample of companies writing variable annuities with guarantees and to make ... Read More

Variable Universal Life Insurance - Wikipedia, The Free ...
Variable universal life is a type established by The Office of the Superintendent of Financial Institutions (OSFI). Since VULs are presently not An alternative for this in the 34% tax bracket would be to consider using Variable Annuities which does not limit the contributions and ... Read Article

Renewing Of The Regulatory Framework For Life Insurers In Canada
–Variable annuities: for some, a material portion of portfolios These provide no excuse for complacency, next crisis is likely to be different . 3 Background OSFI’s enhancements to the regulatory framework are intended to result in: ... Doc Retrieval

Sun Life Assurance Company Of Canada - Sun Life Financial ...
Information based both on OSFI regulatory and GAAP financial statements [2] Calculated at the parent company (Sun Life Financial, Inc.) level Ratings Category Moody's variable annuities) -expose SLA to equity market and interest rate risks and drive a higher degree of earnings volatility than ... Read Document

Work Of The Financial Stability Working Group On Offshore ...
” Protecting the Integrity of the Financial Reporting System Auditors Actuaries Analysts Regulators Discussion www.osfi-bsif.gc.ca Fair Value Accounting: Stochastic valuation of variable annuities with minimum maturity guarantees Based upon CTE(x) = TVaR (x) = E ... Read Content

AMF INFORMS FIRMS IMPACTED BY NRD
Www.osfi-bsif.gc.ca FINANCIAL TRANSACTIONS AND REPORTS ANALYSIS CENTRE OF CANADA (FINTRAC) www.fintrac.gc.ca products (hedge funds and variable annuities), investor education and the application of international laws. According to them, investor ... Access Doc

2012 Canadian Life Insurance Outlook - Home - Ernst & Young ...
Life insurance and fi xed and variable annuities have been affected by re-pricing initiatives that aim for lower risk-taking product designs. In the last (OSFI). It has repeatedly indicated that the regulatory requirements in Canada are robust and ... Fetch Content

MEMBER Retirement Income Options
The OSFI website; for provincial pension clarification refer Variable Benefit Account (VBA) Single Life annuities are based entirely on your age and gender, and cease entirely upon your death – whether this occurs ... Document Viewer

Sun Life Financial Inc. And Its North American Operating ...
(OSFI), monitors this. We view SLF's overall liquidity profile as strong. This opinion is based primarily on the very strong liquidity and variable annuities), and adverse lapse experience as it relates to its term to 100 insurance products. ... View Full Source

Table Of Contents - Annuity Systems Inc.
Variable annuities. Noel has also been active in developing recommended state regulations for OSFI Dundas, ON Ehren Goodall Milliman Chicago, IL Panos Grivakis JPMorgan New York, NY Robert Grotyohann Norton Consulting Group Emerson, NJ ... Document Retrieval