Replicating portfolios have recently emerged as an important tool in the life insurance industry, used for the … valuation of companies' liabilities. This paper presents a replicating portfolio (RP) model for approximating life insurance … liabilities as closely as possible. We minimize the L1 error between the discounted life insurance liability cash flows and the …

Dynamic hybrid products emerged in 2007 and are now well established in the German life insurance market. In this … sold by the same insurance company. The key question we investigate is whether the presence of dynamic hybrid products has … a negative effect on the payout of traditional insurance products. We do so by using data drawn from a Monte Carlo …

Chapter 1: Introduction -- Chapter 2: Evolution and Regulatory Framework of Life Insurance Companies in India: A … Conceptual Review -- Chapter 3: Premium Mobilization and Investment Portfolio by the LICI and Select Private Life Insurance … LICI and Select Private Life Insurance Companies in India -- Chapter 5: Concluding Observations and Suggestions. …

insurance. I compare models with deterministic and stochastic hazard rate of death to a model without mortality risk. Mortality … influences optimal controls and wealth evolution. The insurance is used to ensure optimal bequest such that there is no … accidental bequest. In the absence of the insurance, the biggest part of bequest is accidental. …