Variable Annuities: The Lessons of 2009

The credit crisis of 2008, coupled with the ensuing downturn in global markets, now appears to have stabilized. Governments and central banks have employed various measures to restore calm to financial markets. Financial services firms have experienced a rebound in profits, with the partial recovery in financial markets. Insurers, aided by regulatory capital relief measures, have begun the process of rebuilding balance sheets and redefining product priorities.

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