insurance company has to value and manage longterm risks. Interest rate risk and longevity risk are the two most important risks …

Proper pricing and risk assessment of implicit options in life insurance contractshas gained substantial attention in … significance of implicitoptions in life insurance. Toward this aim, we first compare the most popularcontract types in the United … contracts.To illustrate the impact of these options, we present contract design, valuationmethods, and main results of several …

focus on property/casualty insurance, as implemented in three regions of the world (the United States, the European Union …, and Switzerland). To integrate the dynamics of the insurance and capital markets and recent developments in regulation we …

difficulty inherent to this approach for proper risk assessment. Then, we describe the “insurance scoring” approach as used in … the U.S. insurance market, which leads us to suggest scoring techniques as a risk assessment method for the German … automobile insurance industry. Finally, we discuss the benefits and problems of scoring in the context of automobile insurance. …

insurance contracts on the surrender profits of primary insurers.Our model includes mortality heterogeneity by applying a …

insurance companies (Swiss Solvency Test), introduced in 2006. As the insurance industry is one of the largest institutional … changes in the asset and liability management of Swiss insurance companies. We investigate resulting effects on the Swiss …