Showing 1 - 10 of 10,323
approximated by a drifted Brownian motion. Proportional reinsurance is to hedge the risk of insurance. Interest rate risk and …In this paper, we investigate an optimal reinsurance and investment problem for an insurer whose surplus process is … inflation risk are considered. We suppose that the instantaneous nominal interest rate follows an Ornstein–Uhlenbeck process …
Persistent link: https://www.econbiz.de/10010753207
This paper studies the optimization problem of DC pension plan under mean–variance criterion. The financial market consists of cash, bond and stock. Similar to Guan and Liang (2014), we assume that the instantaneous interest rate is an affine process including the Cox–Ingersoll–Ross (CIR)...
Persistent link: https://www.econbiz.de/10011263857
We solve a mean-variance optimisation problem of a defined contribution pension scheme in the accumulation phase. The financial market consists of: (i) the risk-free asset, (ii) a risky asset following a GBM, and (iii) a bond driven by a stochastic interest rate following the Vasicek [1977]...
Persistent link: https://www.econbiz.de/10010862060
Insurance regulation and supervision is of a high standard, and most of the enhancements suggested have been put in …
Persistent link: https://www.econbiz.de/10011242543
This report presents a Detailed Assessment of the Observance of the Insurance Core Principles Report on Jersey. Other … than the international business, most cover is obtained from insurers based overseas by the large insurance broker … community on the island. There is no ombudsman and no policyholder compensation arrangements for insurance business on the …
Persistent link: https://www.econbiz.de/10011244882
The design of the German banking supervision framework is structurally sound, with a robust legislative and operational framework that largely complies with the Basel Core Principles for effective banking supervision (BCP). Various improvements to the German supervisory framework have been...
Persistent link: https://www.econbiz.de/10011245319
, the International Association of Insurance Supervisors (IAIS) principles for regulation, the International Organization of …
Persistent link: https://www.econbiz.de/10011245457
simulation of the effect of a potential double-dip recession on solvency of Guernsey banks and insurance companies. The STs … assess the sensitivity of banks and insurance companies to single-factor shocks to risk types affecting solvency and …
Persistent link: https://www.econbiz.de/10011245460
Insurance regulation in South Africa is sound and takes a thorough approach to regulation, recognizes the scale and … improving standards of market conduct, in both long-term and short-term insurance. The Financial Services Board is appropriately …
Persistent link: https://www.econbiz.de/10011245840
expected results, and it makes necessary the existence of private insurance. Currently, there are few studies on long term care … in our country. An approach to premiums of a private insurance can serve as reference for the studies by insurers. This … the other hand, computing private insurance premiums. …
Persistent link: https://www.econbiz.de/10005403972