Service has become an important factor that affects insurance holders' purchase behaviors, competition between insurance companies, and even the survival of insurance companies. This paper first introduces the service quality into the optimal investment problem between two competing insurance...

This paper considers an optimal investment and reinsurance problem involving a defaultable security for an insurer under the mean-variance criterion in a jump-diffusion risk model. The insurer is allowed to purchase proportional reinsurance or acquire new business and invest in a financial...

Rising supply chain costs are one of the major factors that have caused rapid growth in overall healthcare spending. Supply chains in the healthcare industry are difficult to manage particularly due to their complexity and the uncertainties involved. This chapter starts with an overview of the...

This paper introduces a target benefit pension (TBP) model that incorporates longevity risk and stochastic interest rate. Previous models have not considered the dynamic nature of remaining lifetime, and this paper proposes an Ornstein-Uhlenbeck (OU) process to simulate average remaining...

This paper studies the optimal investment and benefit adjustment problem for a collective DC pension plan under longevity trend. We assume that the mortality hazard rate is a function of age and time, which extends the Makeham's Law and can describe the longevity trend. The contribution rate is...