This paper models an insurance market with insurers who compete with each other in more than one line of business (LoB). They set premiums for the single LoBs, whereas a discount on the total sum of the single premiums under a multi-policy contract is applied. Young tableaux are used to...

The global shift towards defined-contribution pension schemes has been accompanied by asymmetric risks and new responsibilities for households to plan and fund effectively their own retirement over the years. In this study, expressing and combining preferences for consumption, investment,...

In the insurance industry, the number of product-specific policies from different companies has increased significantly. The strong market competition has boosted the demand for a competitive premium. In actuarial science, scant literature still exists on how competition actually affects the...