Implicit Embedded Options in Life Insurance Contracts
ISBN:
978-3-7908-2943-3
Auflage:
2012
Verlag:
Physica
Land des Verlags:
Deutschland
Erscheinungsdatum:
09.05.2014
Reihe:
Contributions to Management Science
Format:
Softcover
Seitenanzahl:
170
Lieferung in 5-10 Werktagen
Versandkostenfreie Lieferung innerhalb Österreichs bis 31. Jänner 2025
This book presents a market-consistent valuation framework for implicit embedded options in life insurance contracts. This framework is used to perform an empirical analysis based on more than 110,000 actual and in-force life insurance policies and with a focus on the modeling of interest rates. Its results are the answer to the central question posed in the objectives:
What value do the embedded options and guarantees considered have?
This question is answered both absolutely and relative to the current policy reserves, from the perspective of the insurer, the policyholder and the shareholder respectively
Schlagwörter
Biografische Anmerkung
This book presents a market-consistent valuation framework for implicit embedded options in life insurance contracts. This framework is used to perform an empirical analysis based on more than 110,000 actual and in-force life insurance policies and with a focus on the modeling of interest rates. Its results are the answer to the central question posed in the objectives:
What value do the embedded options and guarantees considered have?
This question is answered both absolutely and relative to the current policy reserves, from the perspective of the insurer, the policyholder and the shareholder respectively
What value do the embedded options and guarantees considered have?
This question is answered both absolutely and relative to the current policy reserves, from the perspective of the insurer, the policyholder and the shareholder respectively
