Conyac で依頼された翻訳結果を公開

The interest rate environment in the third quarter put pressure on the profitability of the U.S. variable annuity industry despite a rally in the stock market, says PRU. Third-quarter U.S. sales of stock-market linked variable annuities rose 9% from the same period a year ago, to $34.9 billion.
The stock market performed well, as industry sales tend to be closely correlated with the moves in the S&P 500.A boost in the stock market is "a welcome development" as it helps reduce pressure on the profitability of variable annuities, said Pelletier. That's been particularly important because this is because the interest rate environment "has worked in the other direction" And this is because dropping interest rates in the quarter "certainly increased pressure on the profitability of VA product design."
Several carriers recently stated their intention "to revamp product design in response to that capital markets development," .
On a day when the markets drop sharply, PRU's product design mitigates capital market risk to the company as an insurer but also protects clients' separate account values, he said.
The company sells a variable annuity that offers investors a highest daily "step-up of the protected withdrawal value," .
Another insurer has made a filing for a product that the company thinks will operate in a similar fashion to PRU's for introduction early next year.