Results 61 to 70 of about 7,961 (189)

The mechanics and regulation of variable payout annuities [PDF]

This paper discusses the mechanics and regulation of participating and unit-linked variable payout annuities. These annuities offer benefits that are not fixed in either nominal or real terms but depend on the performance of the fund or funds in which ...
Vittas, Dimitri
core  

Selection in car insurance when claims are heterogeneous

Journal of Risk and Insurance, EarlyView.
Abstract Econometric studies of insurance markets have analyzed the Positive Correlation Property to test for the presence of asymmetric information. Car‐insurance studies frequently compare policies purchasing Mandatory Third‐Party Liability alone with policies that purchase additional coverage and use the presence of a liability claim as a measure of
Edmund Cannon, Giam Pietro Cipriani, Alessandro Lai   +2 more
wiley   +1 more source

Demand for Life Annuities: a Brazilian Perspective [PDF]

BAR: Brazilian Administration Review, 2012
Because pension plans have been marketed using outdated technical premises, Brazilian insurance companies find themselves required to identify additional resources to ensure their ability to meet future benefit payments obligations. When calculating the
Thalita Amorim Vaz, Sérgio Jurandyr Machado, Adriana Bruscato Bortoluzzo   +2 more
doaj  

Fairness‐aware insurance pricing: A multi‐objective optimization approach

Journal of Risk and Insurance, EarlyView.
Abstract Machine‐learning models can provide accurate predictions in insurance pricing, but can also increase disparities between protected groups. Existing fairness‐aware pricing approaches typically target one fairness notion at a time, making it difficult to compare trade‐offs between predictive accuracy, group fairness, individual fairness, and ...
Tim J. Boonen, Xinyue Fan, Zixiao Quan
wiley   +1 more source

Joint Life Annuities and Annuity Demand by Married Couples [PDF]

This paper explores the value of purchasing joint life annuities for married couples. It describes the existing market for joint life annuities, and summarizes the range of annuity products that are currently available to couples.
James M. Poterba, Jeffrey R. Brown
core  

On the Exact Limiting Distribution of a Volatility Target Index

Mathematical Finance, EarlyView.
ABSTRACT Assuming a lognormal distribution for the underlying risky asset, we study the limiting distribution of a volatility target index as the rebalancing time step approaches zero. Two limit theorems (a strong law of large numbers and a central limit theorem) are established, and as an application, the exact limiting distribution is derived.
Xuan Liu, Michel Gauthier
wiley   +1 more source

Approach of the value of an annuity when non-central moments of the capitalization factor are known: an R application with interest rates following normal and beta distributions

Ratio Mathematica, 2015
This paper proposes an expression of the value of an annuity with payments of 1 unit each when the interest rate is random. In order to attain this objective, we proceed on the assumption that the non-central moments of the capitalization factor are ...
Salvador Cruz Rambaud, Fabrizio Maturo, Ana María Sánchez   +2 more
doaj   +1 more source

Annuities for an Ageing World [PDF]

Substantial research attention has been devoted to the pension accumulation process, whereby employees and those advising them work to accumulate funds for retirement.
David McCarthy, Olivia S. Mitchell
core  

The Orphans of Bishop Richard Fletcher: New Archival Discoveries on the Siblings of Playwright John Fletcher

Renaissance Studies, EarlyView.
ABSTRACT This article presents new archival discoveries concerning the siblings of early modern playwright John Fletcher following the sudden death of their father, Richard Fletcher, Bishop of London, in 1596. Navigating the epistemological limits of adversarial legal records from Chancery and the Star Chamber, the study reveals the tumultuous ...
Domenico Lovascio
wiley   +1 more source

Social welfare effects of annuitization in small open economies

The Scandinavian Journal of Economics, EarlyView.
Abstract This paper develops a theory of when annuitization improves or reduces social welfare. The analysis is based on a small open economy with exogenous prices, populated by overlapping generations of non‐altruistic agents. Annuities provide longevity risk insurance and above‐market returns, but also reduce accidental bequests that transfer ...
Tim D. Maurer
wiley   +1 more source