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Longevity risk has become a major challenge for governments, individuals, and annuity providers in most countries, and especially its aggregate form, i.e. the risk of unsystematic changes to general mortality patterns, bears a large potential for accumulative losses for insurers. As obvious risk...
Persistent link: https://www.econbiz.de/10010427774
1 Introduction 11 1.1 Motivation 11 1.2 Pension insurance and riskmanagement 12 1.3 Solvency II 15 1.4 Value-at-Risk (VaR) 18 1.5 Insurancemodeling 19 2 Equity index model 23 2.1 Data on equity returns 23 2.2 Model specification and preliminary estimation 29 2.3 Parameter uncertainty via Markov...
Persistent link: https://www.econbiz.de/10012148908
"This paper is the first empirical study to determine the value of a statistical life for the Federal Republic of Germany. The analyses are conducted on the basis of a data set composed of the IAB employment sample and information concerning industrial accidents from the employers' liability...
Persistent link: https://www.econbiz.de/10010732043
This paper is the first empirical study to determine the value of a statistical life for the Federal Republic of Germany. The analyses are conducted on the basis of a data set composed of the IAB employment sample and information concerning industrial accidents from the employers' liability...
Persistent link: https://www.econbiz.de/10011650570
Persistent link: https://www.econbiz.de/10001244288
Persistent link: https://www.econbiz.de/10001185298
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