The Federal Insurance Office (FIO), a division of the US Treasury Department, is now eyeing the swift traction of Rilas in the market after record sales over the past year have prompted much discussion over their trajectory.

In an annual report issued by the FIO in October 2021, the agency has expressed closely monitoring registered index-linked annuities (Rilas) detailing that while they represent a small portion of variable annuity sales, life insurers have ‘significantly increased Rila sales over the past six quarters, particularly as compared to other variable annuity products’. ‘Investors driving Rila sales growth appear to be interested in capturing recent gains in equity markets and acquiri