A discussion of Actuarial Guideline 43 for variable annuities
ByNovian Junus, and Zohair Motiwalla
1 April 2009
A discussion of Actuarial Guideline 43 for variable annuities
This paper outlines the evolution of AG43, summarizes current provisions compared with C-3 Phase II, comments on issues relating to the Standard Scenario, and discusses the potential impact on future product designs. The report also includes a case study showing typical reserving and capital requirements for certain product designs under AG 43 and C-3 Phase II.