We use data from a large US life expectancy provider to test for asymmetric information in the secondary life insurance-or life settlements-market. We compare realized lifetimes for a subsample of settled policies relative to all (settled and nonsettled) policies, and find a positive...

Markt für Ruhestandsplanung in Deutschland -- Zielgruppen und Kundentypen -- Inhalte und Prozess der Ruhestandsplanung -- Langlebigkeit als Ausgangspunkt -- Konsum vs. Kapitalerhalt -- Rente vs. Entnahmeplan -- Flexible Renten -- Einladeverfahren und lead-Generierung -- Tools in der...

This paper analyzes the numerical impact of different surplus distribution mechanisms on the risk exposure of a life insurance company selling with profit life insurance policies with a cliquet-style interest rate guarantee. Three representative companies are considered, each using a different...

We analyze the effect of enhanced annuities on an insurer engaging in individual underwriting. We use a frailty model for heterogeneity of the insured population and model individual underwriting by a random variable that positively correlates with the corresponding frailty factor. For a given...

This article analyzes the numerical impact of different surplus distribution mechanisms on the risk exposure of a life insurance company selling with profit life insurance policies with a cliquet-style interest rate guarantee. Three representative companies are considered, each using a different...