FIA and Rila activities remained consistent at some of the largest insurers in 2023, although many lost steam in a challenging fourth quarter.
Sales of structured indexed annuities in 2023 reached at new record with fixed index annuities (FIAs) posting US$95.6 billion in sales and registered index-linked annuities (Rilas) posting sales of US$47.4 billion at the end of 2024 – this represents a 20% and 15% year-on-year (YoY), respectively, according to a survey conducted by trade association Limra. Driven by FIAs, the entire annuity sales in the country rose by 23% to US$385 billion in 2023 YoY, including US$164.9 billion fix
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