Two models were used to study the relationships between profitability and the level of information technology (IT) sophistication among long-term life insurance companies in South Africa. The first model was submitted by Kwong et al. in a study of six petroleum producing companies in Malaysia....

We derive the financial market return implications of a number of models of an insurer faced with different regulatory regimes and differing access to financial markets for added capital. If insurers have unhindered access to financial markets and insurance regulation requires an immediate...

We derive the optimal economic ruin boundary for an insurer when regulation requires an immediate capital contribution to offset a capital deficit. This boundary establishes the financial conditions under which shareholders no longer add capital to a distressed insurer. We describe this event as...

This paper considers the asset-allocation strategies open to members of defined- contribution pension plans. We investigate a model that incorporates three sources of risk: asset risk and salary (or labour-income) risk in the accumulation phase; and interest-rate risk at the point of retirement....

This paper uses mortality fan charts to illustrate prospective future male mortality. These fan charts show both the most likely path of male mortality and the bands of uncertainty surrounding that path. The fan charts are based on a model of male mortality that is known to provide a good fit to...