Cahyaningtias, Sari; Jevtić, Petar; Gardner, Carl; … - In: Risks : open access journal 13 (2025) 12, pp. 1-23
This study examines the portfolio optimization problem of an insurance company that issues an annuity, receives the associated premiums as a lump sum, and invests in a financial market. The insurer's objective is to determine an investment strategy that minimizes the likelihood of defaulting on...