Gatzert, Nadine; Schmeiser, Hato; Toplek, Denis - Institut für Versicherungswirtschaft <Sankt Gallen> - 2007
of St. Gallen, Institute of Insurance Economics, Kirchlistrasse
2, 9010 St. Gallen, Switzerland, E-Mails: nadine … underlying industry index or book of business (thus also chang-
ing the volatility), or adjust contract parameters, such as the … value when varying the volatility
of the company’s business (e.g., by underwriting certain business). For changes in the …