Purpose: It is quite possible that financial institutions including life insurance companies would encounter turbulent situations such as the COVID-19 pandemic before policies mature. Constructing models that can generate scenarios for major assets to cover abrupt changes in financial markets...

Old traditions never die, neither do they simply fade away. Some are still deeply embedded in our mind. This paper examines two taboos in East Asia, four and ghost month, testing their potency on the stock markets. The results show that four has lost its mojo, while the ghost month impacts the...