Results 31 to 40 of about 19,551 (204)

Variable Annuities: Risk Identification and Risk Assessment [PDF]

, 2010
Life annuities and pension products usually involve a number of ‘guarantees’, such as, e.g., minimum accumulation rates, minimum annual payments and minimum total payout.
Bacinello, A.R., Millossovich, P., Olivieri, A., Pitacco, E.   +3 more
core  

Forecasting multiple functional time series in a group structure: an application to mortality’ [PDF]

, 2020
When modeling sub-national mortality rates, we should consider three features: (1) how to incorporate any possible correlation among sub-populations to potentially improve forecast accuracy through multi-population joint modeling; (2) how to reconcile ...
Haberman, S., Shang, H.L.
core   +2 more sources

Crossroads of the Life of Vittorio Alfieri

Journal for Eighteenth-Century Studies, EarlyView.
Abstract This article examines Vittorio Alfieri's Life as a deliberately constructed narrative of cultural, linguistic, and political self‐fashioning within eighteenth‐century European intellectual networks. Rather than treating the autobiography as a transparent record of experience, the article argues that Alfieri retrospectively reorganizes his ...
Sara Gallegati
wiley   +1 more source

ResPoNet: A Residual Neural Network for Efficient Valuation of Large Variable Annuity Portfolios

Mathematics
Accurately valuing large portfolios of Variable Annuities (VAs) poses a significant challenge due to the high computational burden of Monte Carlo simulations and the limitations of spatial interpolation methods that rely on manually defined distance ...
Heng Xiong, Jie Xu, Rogemar Mamon, Yixing Zhao   +3 more
doaj   +1 more source

Variable Annuity with GMWB: surrender or not, that is the question

, 2015
Under the optimal withdrawal strategy of a policyholder, the pricing of variable annuities with Guaranteed Minimum Withdrawal Benefit (GMWB) is an optimal stochastic control problem. The surrender feature available in marketed products allows termination
Luo, Xiaolin, Shevchenko, Pavel
core   +1 more source

Why Settle for the Status Quo? A Critical Assessment of Pension Liability Measurement Under IFRS and US GAAP

Abacus, EarlyView.
Relevance and faithful representation are identified by standard‐setters as fundamental qualitative characteristics for useful accounting information. We critically assess whether current pension measurement guidance under International Financial Reporting Standards (IFRS) and US generally accepted accounting principles (GAAP) results in pension ...
Divya Anantharaman, Darren Henderson
wiley   +1 more source

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  

The policy adjacent: How affordable housing generates policy feedback among neighboring residents

American Journal of Political Science, EarlyView.
Abstract While scholars have documented feedback effects among a policy's direct winners and losers, less is known about whether such effects can occur among the indirectly affected—“the policy adjacent.” Using 458 geocoded housing developments built between two nearly identical statewide ballot propositions funding affordable housing in California, we
Michael Hankinson, Asya Magazinnik, Melissa Sands   +2 more
wiley   +1 more source

Market Regime Identification and Variable Annuity Pricing: Analysis of COVID-19-Induced Regime Shifts in the Indian Stock Market

Mathematical and Computational Applications
Understanding how crises like the COVID-19 pandemic affect variable annuity pricing is crucial, especially in emerging markets like India. The motivation is that financial stability and risk management in these markets depend heavily on accurate pricing ...
Mohammad Sarfraz, Guglielmo D’Amico, Dharmaraja Selvamuthu   +2 more
doaj   +1 more source

Reference dependence and lottery participation

Economic Inquiry, EarlyView.
Abstract We assume that lottery participants are poor relative to their target income. Reference dependence with loss aversion can render the marginal utility of income non‐monotonic in line with the Friedman–Savage hypothesis. As a result, lottery participation can be rationalized without invoking probability weighting.
Robertas Zubrickas
wiley   +1 more source