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Stochastic modeling of financing longevity risk in pension insurance
Ronkainen, Vesa - 2012
specification and estimation 51 3.4 Parameter uncertainty 57 4 Mortality model 66 4.1 Introduction 66 4.2 Data 67 4.3 Review of the …
Persistent link: https://www.econbiz.de/10012148908
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Stochastic mortality, macroeconomic risks, and life insurer solvency
Hanewald, Katja; Post, Thomas; Gründl, Helmut - 2009
Motivated by a recent demographic study establishing a link between macroeconomic fluctuations and the mortality index … company. Liabilities in our stochastic simulation framework are driven by a GDP-linked variant of the Lee-Carter mortality … stochastic process. Our results show that insolvency probabilities are significantly higher when the reaction of mortality rates …
Persistent link: https://www.econbiz.de/10010265671
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Privat versus Staat - Schussfahrt zur Zwangsversicherung? Tagungsband zum 16. Kölner Versicherungssymposium am 16. Oktober 2011
Reimers-Rawcliffe, Lutz (contributor);  … - 2012
Privatautonomie des Versicherungsmarkts dargestellt. In den anschließenden fünf Arbeitsgruppen zu den Bereichen Lebensversicherung …
Persistent link: https://www.econbiz.de/10012317958
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The effects of liberalization and deregulation on the performance of financial institutions: The case of the German life insurance market
Trigo Gamarra, Lucinda - 2008
The German insurance market was liberalized in 1994 by the introduction of the 'single passport' allowing European insurers to operate throughout the entire European Union. The European directive put also an end to price and insurance contract terms regulation. These measures were meant for...
Persistent link: https://www.econbiz.de/10010319259
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Single- versus multi-channel distribution strategies in the German life insurance market: A cost and profit efficiency analysis
Trigo Gamarra, Lucinda - 2007
Until its liberalisation in 1994 exclusive agents dominated the distribution of products in the German life insurance industry. Since then, their importance has been declining for the benefit of both distribution via direct distribution channel and independent agents. However, the market shares...
Persistent link: https://www.econbiz.de/10010319278
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Asset-Liability Management bei Komposit- und Lebensversicherern : Besinnung auf die Grundlagen
Friese, Sebastian; Mittendorf, Thomas - 2003
In jüngster Vergangenheit hat die Versicherungswirtschaft einen grundlegenden Wandel durchlaufen. Deregulierung, Globalisierung sowie Substitutionskonkurrenz führten zu einem verschärften Wettbewerb um Marktanteile bei sinkenden Gewinnmargen. Aufgrund dieser neuen Wettbewerbsdynamik und den...
Persistent link: https://www.econbiz.de/10010262915
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Uncertain bequest needs and long-term Insurance contracts
Fei, Wenan; Fluet, Claude; Schlesinger, Harris - 2008
We examine how long-term life insurance contracts can be designed to incorporate uncertain future bequest needs. An individual who buys a life insurance contract early in life is often uncertain about the future financial needs of his or her family, in the event of an untimely death. Ideally,...
Persistent link: https://www.econbiz.de/10010264521
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Tax incentives, bequest motives, and the demand for life insurance: Evidence from two natural experiments in Germany
Sauter, Nicolas; Walliser, Jan; Winter, Joachim - 2010
Whole life insurance plays an important role in household saving. However, empirical evidence on its determinants is scarce. This paper studies two natural experiments to identify the effects of tax incentives and bequest motives on life-insurance demand. An unanticipated tax reform in 2000...
Persistent link: https://www.econbiz.de/10010270489
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Die Separierung von Kompakttarifen in der Pensions- und Lebensversicherung
Dreher, Loïc - In: German Risk and Insurance Review (GRIR) 6 (2010) 1, pp. 1-33
Kompakttarife finden nicht nur in der Pensionsversicherung, sondern auch in der (Einzel-) Lebensversicherung Verwendung … Besonderheiten bei der Lebensversicherung und wichtige Aspekte der Bilanzierung vorgestellt. Den Abschluss bildet ein Algorithmus zur …
Persistent link: https://www.econbiz.de/10010311182
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Mortality-Indexed Annuities. Managing Longevity Risk via Product Design
Richter, Andreas; Weber, Frederik - 2009
especially its aggregate form, i.e. the risk of unsystematic changes to general mortality patterns, bears a large potential for … contingent on actual mortality experience, and it also details actuarial aspects of implementation. Similar adaptations to …
Persistent link: https://www.econbiz.de/10010427774