Systemic Risk in Insurance An analysis of insurance and financial stability
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The nature of annuities and their potential to be considered both insurance and in-
vestment products complicated attempts during this study to differentiate annuities
sold by insurance companies as insurance products from those annuities that qualify
solely as investment products that happened to be sold by insurance companies.
The SAR narratives reference annuities in the manner portrayed in Table 7. Be-
cause many SAR narratives did not contain details about the features of the products
described as annuity accounts or contracts, analysis could not determine whether
the products were variable or fixed annuities. Analysis determined that 126 of the
251 SARs...
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Systemic Risk in Insurance An analysis of insurance and financial stability
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Systemic Risk in Insurance An analysis of insurance and financial stability
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