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We study the valuation of variable annuities for an insurer. We concentrate on two types of these contracts that are the guaranteed minimum death benefits and the guaranteed minimum living benefits ones and that allow the insured to withdraw money from the associated account. As for many...
Persistent link: https://www.econbiz.de/10010821370
In this paper, we work on indifference valuation of variable annuities and give a computation method for indifference fees. We focus on the guaranteed minimum death benefits and the guaranteed minimum living benefits and allow the policyholder to make withdrawals. We assume that the fees are...
Persistent link: https://www.econbiz.de/10010899322
conservatism across our three measures. While there is no change in weak enforcement/governance countries which remain less … conditionally conservative than strong enforcement/governance countries, the latter exhibit a significant decrease. Further, we …
Persistent link: https://www.econbiz.de/10010820448
(Flyvbjerg, 2006). This study also identifies the extent to which the transaction costs approach applies to temporary governance … the understanding of megaprojects, as governance structures. After a brief overview of the difference forms of governance … to this hybrid form of governance, not initially considered by Williamson's contributions (section III). …
Persistent link: https://www.econbiz.de/10010561177