Guaranteed minimum withdrawal benefits with high-water mark fee structure. [PDF]
PLoS ONEThe Guaranteed Minimum Withdrawal Benefit (GMWB), an adjunct incorporated within variable annuities, commits to reimbursing the entire initial investment regardless of the performance of the underlying funds.
Yichen Han +3 more
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VALUATION OF HYBRID FINANCIAL AND ACTUARIAL PRODUCTS IN LIFE INSURANCE BY A NOVEL THREE-STEP METHOD [PDF]
ASTIN Bulletin, 2020 AbstractFinancial products are priced using risk-neutral expectations justified by hedging portfolios that (as accurate as possible) match the product’s payoff. In insurance, premium calculations are based on a real-world best-estimate value plus a risk premium.
Griselda Deelstra +3 more
semanticscholar +6 more sources
Managing the agricultural enterprises’ valuation: actuarial approach [PDF]
Problems and Perspectives in Management, 2020 This article aims at finding ways to improve the efficiency of Ukrainian agricultural enterprises’ valuation management based on a multidimensional actuarial model.
Olena Fomina +4 more
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Approximate Valuation of Life Insurance Portfolio with the Cluster Analysis: Trade-Off Between Computation Time and Precision [PDF]
Statistika: Statistics and Economy Journal, 2021 Valuation of the insurance portfolio is one of the essential actuarial tasks. Life insurance valuation is usually based on a projection of cash flows for each policy which is demanding computation time.
Jan Fojtík +2 more
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An Actuarial Approach for Modeling Pandemic Risk
Risks, 2020 In this article, a model for pandemic risk and two stochastic extensions is proposed. It is designed for actuarial valuation of insurance plans providing healthcare and death benefits.
Donatien Hainaut
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Last-Survivor Insurance Premium and Benefit Reserve Calculation using Gamma-Gompertz Mortality Law
Jurnal Matematika Integratif, 2022 When the insurance benefit of a last-survivor insurance product is payable at the moment of the last insured death, exploring continuous mortality models is essential to obtain the most appropriate premium and benefit reserve.
Ruhiyat Ruhiyat +3 more
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PERHITUNGAN DANA PENSIUN DENGAN METODE PROJECTED UNIT CREDIT DAN INDIVIDUAL LEVEL PREMIUM
E-Jurnal Matematika, 2014 The company which provides the pension program needs the actuarial valuation to estimate the fund amount required by the company to pay for pension funding.
I GUSTI AYU KOMANG KUSUMA WARDHANI +2 more
doaj +1 more source
Valuing Guaranteed Minimum Death Benefits by Cosine Series Expansion
Mathematics, 2019 Recently, the valuation of variable annuity products has become a hot topic in actuarial science. In this paper, we use the Fourier cosine series expansion (COS) method to value the guaranteed minimum death benefit (GMDB) products.
Wenguang Yu +5 more
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A linear algebraic method for pricing temporary life annuities and insurance policies [PDF]
, 2010 We recast the valuation of annuities and life insurance contracts under mortality and interest rates, both of which are stochastic, as a problem of solving a system of linear equations with random perturbations.
Date, P, Jalen, L, Mamon, R, Wang, IC
core +1 more source
Effects of Implementing International Financial Reporting (IFRS) Standard No. 17 on Financial Statements Items of Insurance Companies in Iran [PDF]
Iranian Journal of Insurance ResearchBACKGROUND AND OBJECTIVES: International Financial Reporting Standards (IFRS) were developed to promote transparency, comparability, and financial stability in global markets by providing a common financial reporting language. Despite this, the insurance
Tooba Haghighat, Mahnaz Molanazari
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