Kling, Alexander; Richter, Andreas; Ruß, Jochen - Volkswirtschaftliche Fakultät, … - 2006
This paper analyzes the numerical impact of different surplus distribution mechanisms on the risk exposure of a life … companies are considered, each using a different type of surplus distribution: A mechanism, where the guaranteed interest rate … design of a distribution mechanism is to be enforced. Within our model framework, a distribution mechanism of the third type …