Results 21 to 30 of about 678 (171)
MULTI-STATE MODEL FOR CALCULATION OF LONG-TERM CARE INSURANCE PRODUCT PREMIUM IN INDONESIA
Barekeng, 2022 Long Term Care (LTC) insurance is a type of health insurance. One of the LTC products is Annuity as A Rider Benefit. This insurance provides benefits for medical care costs during the term and death benefits if the insured dies.
Hendra Perdana +3 more
doaj +1 more source
Risk measures for variable annuities: A hermite series expansion approach
Journal of Management Science and Engineering, 2019 In this study, we propose an efficient approach to the calculation of risk measures for an insurer's liability from writing a variable annuity with guaranteed benefits.
Zhenyu Cui +3 more
doaj +1 more source
Dependence Modeling, 2016 Variable annuities contain complex guarantees, whose fair market value cannot be calculated in closed form. To value the guarantees, insurance companies rely heavily on Monte Carlo simulation, which is extremely computationally demanding for large ...
Gan Guojun, Valdez Emiliano A.
doaj +1 more source
A variational inequality arising from optimal surrender of variable annuity with lookback benefit
Journal of Inequalities and Applications, 2022 We introduce a variable annuity (VA) contract with a surrender option and lookback benefit, that is, the benefit of the VA contract is linked to the maximum process of the policyholder’s account value. In contrast to the constant guarantee model provided
Junkee Jeon, Minsuk Kwak
doaj +1 more source
Variable Annuity with GMWB: Surrender Or Not, That Is the Question [PDF]
SSRN Electronic Journal, 2015 arXiv admin note: substantial text overlap with arXiv:1410 ...
Xiaolin Luo, Pavel Shevchenko
openaire +2 more sources
Using Neural Networks to Price and Hedge Variable Annuity Guarantees
Risks, 2018 This paper explores the use of neural networks to reduce the computational cost of pricing and hedging variable annuity guarantees. Pricing these guarantees can take a considerable amount of time because of the large number of Monte Carlo simulations ...
Daniel Doyle, Chris Groendyke
doaj +1 more source
Evaluation of variable annuity guarantees with the effect of jumps in the asset price process
Cogent Economics & Finance, 2017 Financial crisis in 2007–2008 have caused losses to life insurance companies issuing variable annuities with guarantees. This is partly due to failure of variable annuity (VA) issuers to anticipate the large variations in asset prices during the ...
Mussa Juma +3 more
doaj +1 more source
A Unified Pricing of Variable Annuity Guarantees under the Optimal Stochastic Control Framework
Risks, 2016 In this paper, we review pricing of the variable annuity living and death guarantees offered to retail investors in many countries. Investors purchase these products to take advantage of market growth and protect savings.
Pavel V. Shevchenko, Xiaolin Luo
doaj +1 more source
ARE VARIABLE ANNUITIES THE ANSWER TO INFLATION? [PDF]
The Journal of Finance, 1956 THE MAJOR REASON for interest in variable annuities stems from the possibility that they would provide one answer to the problem of hedging against price inflation. Two questions are, of course, involved. Would these, in fact, provide a reasonably adequate hedge against inflation?
openaire +2 more sources
The Impact of Management Fees on the Pricing of Variable Annuity Guarantees
Risks, 2018 Variable annuities, as a class of retirement income products, allow equity market exposure for a policyholder’s retirement fund with optional guarantees to limit the downside risk of the market.
Jin Sun +2 more
doaj +1 more source