Results 31 to 40 of about 678 (171)

GUARANTEED MINIMUM WITHDRAWAL BENEFIT IN VARIABLE ANNUITIES [PDF]

Mathematical Finance, 2007
We develop a singular stochastic control model for pricing variable annuities with the guaranteed minimum withdrawal benefit. This benefit promises to return the entire initial investment, with withdrawals spread over the term of the contract, irrespective of the market performance of the underlying asset portfolio. A contractual withdrawal rate is set
Dai, Min, Kwok, Yue Kuen, Zong, Jianping
openaire   +3 more sources

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, Yaodi Yong, Guofeng Guan, Yujuan Huang, Wen Su, Chaoran Cui   +5 more
doaj   +1 more source

Defossilisation of the Energy Supply of a Chemical Site by Integration of a Carnot Battery

Chemie Ingenieur Technik, EarlyView.
This study presents the results of a techno‐economic analysis of CO2‐free energy supply concepts for electricity and heat for the defossilisation of a chemical park in Germany for the model years 2030 and 2045. The focus is on the integration of a Carnot battery with thermal energy storage, which enables the flexible use of green fuels and renewable ...
Martin Bolten, Stefano Giuliano, Gerrit Koll, Judith Jäger, Arnulf Reitze, Michael Roling, Jana Stengler   +6 more
wiley   +1 more source

Valuation of a Mixture of GMIB and GMDB Variable Annuity

Mathematics
The Guaranteed Minimum Income Benefit (GMIB) and Guaranteed Minimum Death Benefit (GMDB) are options that may be included at the inception of a variable annuity (VA) contract.
Yichen Han, Dongchen Li, Kun Fan, Jiaxin Wan, Luyan Li   +4 more
doaj   +1 more source

The Impact of Economic Growth on Insurance (Growth)

International Journal of Finance &Economics, EarlyView.
ABSTRACT This paper investigates the impact of economic growth on insurance (growth), focusing on the outflow side of the insurance activity, as captured by benefits (including commissions and expenses). The findings provide evidence that economic growth does exert a positive, statistically significant impact on the benefit side of insurance (growth ...
Nicholas Apergis, Thomas Poufinas, Panagiotis Kimpouropoulos   +2 more
wiley   +1 more source

Household Demand for Variable Annuities [PDF]

SSRN Electronic Journal, 2004
Between 1990 and 2000, total sales of variable annuities in the U.S. grew from just over $5 billion to nearly $140 billion. These products now account for approximately half of all private market annuity sales. Variable annuities resemble mutual funds, but they qualify for special tax treatment as insurance products because they provide an option to ...
Jeffrey R. Brown, James M. Poterba
openaire   +1 more source

The substantial economic burden of rotator cuff pathology: A nationwide cost‐of‐illness study

Knee Surgery, Sports Traumatology, Arthroscopy, EarlyView.
Abstract Purpose The purpose of this study is to evaluate the nationwide economic burden of rotator cuff (RC) pathology by quantifying expenditures related to outpatient consultations including out‐of‐pocket expenses, hospitalisations and occupational insurance claims, within a national healthcare system.
Umile Giuseppe Longo, Martina Marino, Vincenzo Candela, Silvia D'Amario, Daniela Martini, Andrea Bucciarelli, Ranieri Poli, Pieter D'Hooghe, Alessandro de Sire, Michele Mercurio, Arianna Carnevale   +10 more
wiley   +1 more source

Linking Environmental Health and Civic Health: An Analysis of Air Pollution and Charitable Giving

Nonprofit Management and Leadership, EarlyView.
ABSTRACT This study examines the effect of air pollution on charitable giving. We suggest that the burdens associated with poor air quality are associated with a dampening of civic and philanthropic engagement. Analyzing 12 years of county‐level data from the United States with fixed‐effects OLS and instrumental variables regressions, we identify a ...
Gregory D. Saxton, Michelle Benson, Chao Guo, Daniel G. Neely, Tahmina Ahmed, Mohammad Maruf Hasan, Shujie Zhang   +6 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

CLAIMING SOCIAL HOUSING FUTURES: Value, Risk and the Temporal Politics of Income Strip Financing in London

International Journal of Urban and Regional Research, EarlyView.
Abstract Asset managers, private equity firms and other institutional investors have assumed an increasingly important role in the ownership and management of housing and infrastructure since the Global Financial Crisis. This article analyses how social housing in London is being transformed into a financial asset through an analysis of ‘income strip ...
Aretousa Bloom, Joe Penny
wiley   +1 more source