NU Online News Service, Jan. 14, 2005, 10:40 a.m. EST
Life insurers will strive to balance product innovation with new statutory capital reserve requirements in the year ahead, Ernst & Young LLP says in its 2005 outlook for the industry.[@@]
To achieve that balance, life companies will need a thorough understanding of the impact that new options and guarantees will have on reserves so they can price their new products correctly, says E&Y, New York.