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By Tim Ruark, September 21, 2009 9:29 pm

Ruark Insurance Advisors (RIA)

RIA was founded in 1998 by our president, Tim Ruark.  Tim recognized that the equity-based product market was underserved in terms of financial management capacity.   He decided to work towards creating more capacity, while at the same time influencing the design of products to better manage the underlying financial risks.

RIA specializes in designing and implementing risk management solutions for the annuity product marketplace.  Our expertise in product design, risk analysis, reserve valuations, and risk transfer related to the guaranteed benefits in variable annuity products, the indexed benefits under equity indexed annuities, and capital relief for fixed annuities can help you bring products to market faster and better manage the underlying risks.

Company Profile

We are a creative organization dedicated to providing excellent product development and risk management solutions to our clients.  Because we are a small firm, we are able to offer professional expertise and exceptional service in a personal, down-to-earth manner.

Mission

Our goal is to become the leading clearinghouse for assessing and transferring risks associated with minimum guaranteed benefits within variable annuity and insurance products.

For additional information, please feel free to contact Tim by phone or email.

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By Tim Ruark, June 19, 2005 9:21 pm

Has it really been 10 years since I authored the epic “Variable Annuity Guaranteed Minimum Death Benefit” – The Movie, in Contingencies Magazine? [I don’t care if you
don’t remember, my mom considers it an epic, so it’s an epic.] And what prophecy – so many of us have in fact vacated the offices mentioned therein: “There are two kinds of actuaries: those whose careers will end due to the GMDB, and those who’ll move into their offices.” And to prove timing is everything with comedy, that article was listed as “Humor”, but a few years later, I guess it wasn’t so funny.

So, ten years later, what is new with GMDB?  Well, consider that only a few people have  been involved in VA guarantees over the last decade, and I’m one of them. More  important, they asked me to write this article. So, now the reader will tolerate my views on three aspects of GMDB – the retail product, the reinsurance players, and the reinsurance techniques. By reading this article, you will be revered at actuarial cocktail parties, and I shouldn’t have to tell you how important that is.