Results 41 to 50 of about 2,003,362 (204)

Сучасні аспекти актуарної математики [PDF]

, 2012
В роботі аналізується сучасний стан актуарної математики як науки. Автори намагаються спираючись на виклики посткризової економіки і професійні вимоги до актуаріїв сформулювати основні принципи, підходи до відбору моделей, які треба будувати ...
Dzhalladova, Irada, Джалладова, Ирада Агаевна, Джалладова, Ірада Агаєвна, Шарапов, Олександр Дмитрович   +3 more
core   +1 more source

Closed‐Form Optimal Investment Under Generalized GARCH Models

European Financial Management, EarlyView.
ABSTRACT This paper introduces a new class of stochastic volatility models for asset prices, the generalized Heston Nandi GARCH (GHN‐GARCH), with the primary objective of optimal dynamic asset allocation under expected utility theory for constant relative risk aversion investors. We study some of its theoretical properties, and demonstrate that the GHN‐
Marcos Escobar‐Anel, Tobias Lausser, Rudi Zagst   +2 more
wiley   +1 more source

Market valuation in the framework of modern life insurance mathematics

Ekonomski Vjesnik, 2013
In the traditional actuarial life insurance mathematics, liabilities to beneficiaries (technical reserves) are calculated based on conservative assumptions of mortality and interest rates. However, this approach was found to be incomplete since it does
Maja Petrač
doaj  

Surplus analysis for variable annuities with a GMDB option [PDF]

, 2010
In this paper, we analyze the insurance surplus for a Variable Annuity contract with a Guaranteed Minimum Death Benefit (GMDB) option. Initially, we derive the first two moments of the distribution of the surplus; and subsequently, we develop the whole ...
Haberman, S., Piscopo, G.
core  

Do Female Directors Protect Employee Pension Benefits? Evidence on the Nexus Between Pensions and Dividends

European Financial Management, EarlyView.
ABSTRACT This study examines whether female directors influence firms' allocation of internal funds between dividend payments and defined benefit (DB) pension funding. Using FTSE All‐Share firms from 2007 to 2021, we find that companies with a higher proportion of female directors exhibit stronger pension funding positions and, overall, maintain ...
Zezeng Li, Erhan Kilincarslan
wiley   +1 more source

Kerangka konsep penubuhan Jabatan Aktuari Negara di Malaysia [A conceptual framework for the establishment of a Government Actuary?s Department in Malaysia] [PDF]

, 2015
The profession of an actuary is very important towards the society. Actuaries and actuarial scientists employ their skills of mathematics and statistics to measure the financial implication of future events by consideration the risk factors.
Hasim, H
core  

A spatial mixed Poisson framework for combination of excess-of-loss and proportional reinsurance contracts [PDF]

, 2009
In this paper a purely theoretical reinsurance model is presented, where the reinsurance contract is assumed to be simultaneously of an excess-of-loss and of a proportional type. The stochastic structure of the set of pairs (claim’s arrival time, claim’s
Aase, Centeno, Centeno, Centeno, Centeno, Centeno, Cinlar, Daley, Dickson, Dickson, Fabio Spizzichino, Grandell, Hipp, Hurlimann, Hurlimann, Joe, Kaluszka, Rachele Foschi, Renyi, Roy Cerqueti, Schmidli, Schmidli, Schmitter, Schmitter, Stoyan, Suijs, Taksar, Verlaak   +27 more
core   +1 more source

Government Financial Reporting: A Study of Nested Controversy

Financial Accountability &Management, EarlyView.
ABSTRACT There are two schools of thought on government financial reporting: one emanating from societal values and accountability to citizens; and one based on investment decisions and a business approach. There are staunch proponents of these different perspectives, which are rooted in economic thought and values.
Sheila Ellwood, Rhoda Brown
wiley   +1 more source

Calculation of LTC Premiums based on direct estimates of transition probabilities [PDF]

, 2004
In this paper we model the life-history of LTC patients using a Markovian multi-state model in order to calculate premiums for a given LTC-plan. Instead of estimating the transition intensities in this model we use the approach suggested by Andersen et ...
Czado, Claudia, Gschlößl, Susanne, Helms, F.   +2 more
core   +2 more sources

Life Cycle Consumption and Portfolio Choice Under Real Interest Rate Risk

Financial Management, EarlyView.
ABSTRACT We set up a life cycle model with real interest rate risk to demonstrate that real interest rates have implications for optimal household consumption and investments. Lower interest rates lead to higher optimal stock investments and lower consumption.
Marcel Fischer, Natascha Jankowski
wiley   +1 more source