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 …

Part I: Fundamentals of insurance business The origins and role of insurance in society -- The notion of risk and … probability -- The insurance undertaking -- Regulation of the insurance industry -- Supervision and other Authorities -- The … insurance business -- The insurance contract -- Life Insurance products -- Non-life insurance products. Personal line -- Non …

This textbook presents the fundamental economic dimensions of insurance companies and links them to managerial issues … management of the insurance business. Further, it provides a general overview of insurance undertakings and technical topics are … explained in depth. Filling an important gap in the market for textbooks on the insurance business, it is divided into four …

Germany. In 2007/2008, insurance intermediaries became regulated by law. That law states, among other things, the four basic …How should intermediaries influence the insurance demand decision? The answer must refer to the interdependence of … essential for the insurance demand decision. Undoubtedly, consumers lack information about certain variables, and therefore …