banking industry. Especially life insurance companies could serve as CoCo bond holders as they are already the largest … during the current low interest rate period. Our contribution provides an insight for life insurance companies to understand …

the bank and insurance sector by changing the funding patterns of banks as well as the investment strategies of life … insurance companies. Especially for life insurance companies, the current low interest rate environment poses a key risk since … declining returns on investments jeopardize the guaranteed return on life insurance contracts, a core component of traditional …

Traditional participating life insurance contracts with year-to-year (cliquet-style) guarantees have come under …

Participating life insurance contracts entitle the policyholder to participate in the company’s annual surplus … heterogeneous insurance portfolio under Solvency II, taking into account the complex interrelation between minimum interest … illustrate our findings, we set up a stochastic balance sheet and cash flow projection model for a stylized life insurance …