This paper develops a model of the production of life insurance services. The focus is on price setting ability and the cost advantages from size and diversity. The model characterizes insurers decisions on the face value and number of policies and the number of insurance lines. The model is...

This paper develops a model of the production of life insurance services. The focus is on price setting ability and the cost advantages from size and diversity. The model characterizes insurers decisions on the face value and number of policies and the number of insurance lines. The model is...

Select Products are equity-linked life insurances with investment guarantee in the German market which – in contrast to typical guaranteed equity-linked products – are constructed by using a traditional life insurance contract and suitably leveraging the annual surplus distribution. In this...