banking industry. Especially life insurance companies could serve as CoCo bond holders as they are already the largest … during the current low interest rate period. Our contribution provides an insight for life insurance companies to understand …

A life care annuity is a bundled insurance product comprised of a life annuity and long-term care insurance. Some … address the pricing risk and solvency risk insurance companies face when providing life care annuities …

and risks stemming from longevity, still provide reliable insurance benefits and simultaneously take account of the … increasing financial resources required for very high ages. In this context, we examine whether a historical concept of insurance … society - the insurance character of the tontine cannot be guaranteed in every situation. We show that partial tontinization …

in the banking industry. Especially life insurance companies could serve as CoCo bond holders as they are already the … insurance and study the effects of various types of bonds such as non-convertible bonds, write-down bonds and CoCos on banks …

in the banking industry. Especially life insurance companies could serve as CoCo bond holders as they are already the … insurance and study the effects of various types of bonds such as non-convertible bonds, write-down bonds and CoCos on banks …

quantify the resulting liquidity risk in a calibrated model of surrender decisions and insurance cash flows. Simulations …

rates, as we document for the German life insurance sector. Using a calibrated model, we estimate that surrender options …