In a bonus-malus system in car insurance, the bonus class of a customer is updated from one year to the next as a …

. The asset modeling framework leads to the proliferation of inappropriate assumptions about the effect of insurance line of … insurance parameter risk. …

We study risk-minimization for a large class of insurance contracts. Given that the individual progress in time of … visiting an insurance policy's states follows an F-doubly stochastic Markov chain, we describe different state-dependent types … of insurance benefits. These cover single payments at maturity, annuity-type payments and payments at the time of a …

Solvency II defines minimum capital requirements from insurance companies, due to their exposure to risk. Regulatory … bodies of the Brazilian insurance market issued regulations based on a deterministic model for the calculation of risk based … product of an insurance company operating in Brazil. The Brazilian case is relevant, since due to its high interest rate …

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. …

Direct compensation or the direct reimbursement scheme is an indemnity insurance method that many European and American … countries use to manage motor liability claims in which the driver that suffers an accident is paid by his/her insurance company …