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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
In order to explain the apparently paradoxical presence of acceptable governance in many non-democratic regimes … propose that population plays a similar role in guaranteeing the quality of governance and redistribution. We argue and … threat to a dictatorship, inducing it to yield to more redistribution and better governance. We bring this centered concept …
Persistent link: https://www.econbiz.de/10009363276
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