Case Study: VidaCaixa launches Spain’s first variable annuity product with Numerix

VidaCaixa launches Spain’s first variable annuity with Numerix and tops €4 billion in AUM

VidaCaixa, the life insurance subsidiary of CaixaBank, faced the challenge of developing Spain's first in-house variable annuity product amid low interest rates. They partnered with vendor NumeriX to leverage the Numerix CrossAsset Python SDK and Economic Scenario Generator to build a scalable pricing and risk framework that could meet tight timelines and offer strong guarantees.

NumeriX implemented a custom solution that provided advanced scenario generation and end-to-end implementation support. This collaboration enabled VidaCaixa to successfully launch the innovative product, achieving a first-mover advantage and accumulating over €4 billion in assets under management for it. The solution also enhanced risk transparency and streamlined the insurer's workflows.

VidaCaixa