North American has licensed the new index to use on an exclusive basis on a new fixed indexed annuity (FIA); H1 indexed and structured annuity sales continue upward trend.
Goldman Sachs has introduced a new proprietary underlying in the US indexed annuities market. The Goldman Sachs Equity TimeX Index which was launched on 28 July offers exposure to the equity market while providing option-cost stability through volatility control and an excess return structure, said Pratik Pareek (pictured) , head of insurance equity derivative sales at Goldman Sachs. The index uses calendar-based signals and price patterns to dynamically adjust exposure to equities at a targete