can undertake an active portfolio management strategy by investing in both risk-free and risky assets. Using a two …

. This change led to changes in the management of assets and liabilities of insurance companies. This new era of risk …

family, in the event of an untimely death. Ideally, the individual would like to insure the risk of having high future …

, is the risk management of the embedded options by a tractable and realistic hedging strategy. The long maturity of life … explicitly taking into account ``model risk''. In this context, we show how to determine the contract parameters conservatively … and implement robust risk management strategies. This highlights the necessity of a careful choice of guarantees which are …

Kompakttarife finden nicht nur in der Pensionsversicherung, sondern auch in der (Einzel-) Lebensversicherung Verwendung … Besonderheiten bei der Lebensversicherung und wichtige Aspekte der Bilanzierung vorgestellt. Den Abschluss bildet ein Algorithmus zur …

1 Introduction 11 1.1 Motivation 11 1.2 Pension insurance and riskmanagement 12 1.3 Solvency II 15 1.4 Value-at-Risk … Pension insurance applications 94 6.1 Introduction 94 6.2 Annuity premium and risk analysis for a cohort aged 65 95 6 ….3 Annuity premium and risk analysis for multiple cohorts 106 6.4 Annuities fromthe customer's point of view 109 7 Discussion 113 …

strategy can be reinterpreted as a two-fund strategy in the growth optimum portfolio and the risk-free asset. …

Systemic weather risk is a major obstacle for the formation of private (non- subsidized) crop insurance. This paper … at a national scale. Thus the possibility to reduce risk exposure by increasing the trading area of the insurance is …