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COMPARATIVE ANALYSIS OF UNFUNDED ACTUARIAL LIABILITY BASED ON HULL–WHITE INTEREST RATE ESTIMATION USING ORDINARY LEAST SQUARES AND JACKKNIFE

Parameter: Journal of Statistics
Pension programs are designed to provide financial security after retirement, requiring accurate actuarial valuation to ensure funding adequacy. A key determinant of actuarial liabilities is the interest rate assumption, which directly affects the ...
Dwi Mahrani   +2 more
semanticscholar   +1 more source

A Financial Engineering of Risk-Free Rate of Interest Determination: An Empirical Measurement and Implications for Life Insurance Valuation Under the Uniform Distribution of Death Assumption

Journal of Business and Technology
To build confidence in the results of computational actuarial models, a key regulatory requirement is to establish a mathematically dependable process. The method employed for the estimation of interest intensities is analytically involving but only open
G. Ogungbenle   +3 more
semanticscholar   +1 more source

Catastrophe Reinsurance Single Premium Valuation Model Based on Indonesia's Earthquake Data

Indonesian Actuarial Journal
Indonesia's position along the Pacific Ring of Fire makes it highly vulnerable to catastrophic earthquakes, creating significant financial exposure for insurers through simultaneous surges in life, health, and property insurance claims.
Priscilla Natalie Nurtanio   +7 more
semanticscholar   +1 more source

Valuation of GLWB annuities with optional conversion to combo products providing LTC benefits

Scandinavian Actuarial Journal
To address the critical challenges faced by the elderly population in the field of long-term care, this paper proposes a novel insurance product that flexibly combines a variable annuity with a guaranteed lifelong withdrawal benefit (GLWB) rider and long-
Shaoying Chen   +3 more
semanticscholar   +1 more source

Valuation of Pension Funds with Attained Age Normal and Projected Unit Credit Methods: Case Study of PT Taspen (Persero) Samarinda Branch

Indonesian Actuarial Journal
The pension fund serves as a guarantee of an individual's economic welfare after retirement, providing pension benefits. Civil Servants are among the workers entitled to pensions managed by PT. Taspen (Persero).
Annisa Nur Auliya   +2 more
semanticscholar   +1 more source

Valuation of guaranteed minimum accumulation benefits (GMABs) with physics-inspired neural networks

Annals of Actuarial Science
Guaranteed minimum accumulation benefits (GMABs) are retirement savings vehicles that protect the policyholder against downside market risk. This article proposes a valuation method for these contracts based on physics-inspired neural networks (PINNs ...
Donatien Hainaut
semanticscholar   +1 more source

Valuation of Large Variable Annuity Portfolios with Rank Order Kriging

North American Actuarial Journal, 2019
Metamodels, which simplify the simulation models used in the valuation of large variable annuity portfolios, have recently increased in popularity. The ordinary kriging and the GB2 (generalized beta of the second kind) regression models are examples of ...
Guojun Gan, Emiliano A. Valdez
semanticscholar   +1 more source

Some Notes on Valuation Methods with special reference to Mr. Chatham's Paper on this Subject in the J.I.A., vol. xxxii. Being Presidential Address delivered to the Actuarial Society of New South Wales on the 28th February 1898

Journal of the Institute of Actuaries, 1899
In considering a subject on which to address you to-night, it occurred to me that I might invite your attention to some practical matters of office work, especially in connection with valuation books and forms.Allow me, however, at the outset to express my thanks for the honour you have conferred on me by my election to the office of President.
openaire   +1 more source

THE IMPACT OF ECONOMIC VOLATILITY AND ACTUARIAL ACCOUNTING ON ACCOUNTING CONSERVATISM UNDER GEOPOLITICAL RISKS: EVIDENCE FROM THE SUDANESE BANKING SECTOR (2011–2024)

International Journal of Professional Business Review
Objective: This study investigates the impact of economic volatility and actuarial accounting practices on accounting conservatism in Sudanese banks, while examining the mediating role of geopolitical risks during the period 2011–2024. It aims to explain
W. E. Khalid
semanticscholar   +1 more source

A Comparison of the Values of Policies as Found by means of the Various Tables of Mortality and the Different Methods of Valuation in use among Actuaries (Messenger Prize winning Essay - 1868)

Journal of the Institute of Actuaries and Assurance Magazine
Life Assurance is an institution possessing such an important influence in the welfare and well-being of Society that it is most essential the principles upon which it is based and conducted should be such as to ensure its lasting stability and prosperity. After a Life Assurance Office has been once established upon a firm basis, there is no part of
openaire   +1 more source

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