VM-21 survey report: 2019 Q3 survey
17 January 2020
VM-21 survey report: 2019 Q3 survey
In the third quarter of 2019, Milliman conducted a survey to establish market practice in the application of VM21: Principle-Based Reserves for Variable Annuities. This survey summarizes responses from 25 variable annuity carriers regarding decision points for the application of the standard that are at the discretion of the carrier.