Moretti, Nikolaj; Bartels, Johannes - In: Financial markets and portfolio management 35 (2021) 2, pp. 193-224
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 …
