Changes in mortality rates have an impact on the life insurance industry, the financial sector (as a significant …. Thus, the pricing of financial, pension and insurance products that are contingent upon survival or death and which is … life insurance), and the actuarial reserve. Finally, several tables and figures illustrate the main findings of this paper …

insurance companies. The value of this benefit depends on several processes assumed to describe both the mortality and the …

insurance. I compare models with deterministic and stochastic hazard rate of death to a model without mortality risk. Mortality … influences optimal controls and wealth evolution. The insurance is used to ensure optimal bequest such that there is no … accidental bequest. In the absence of the insurance, the biggest part of bequest is accidental. …

This article studies insurance demand in a two-period framework in which an individual faces risks in both current and … future periods. Models for insurance with and without the presence of endogenous saving are both discussed. In contrast to … what most literature suggests, when decisions on insurance and saving are made separately, insurance alone does not always …

Weather insurance is a financial instrument proposed to increase coverage of unprotected weather shocks in developing … insurance, raising the question as to what impacts farmer demand for group insurance choices. We test if farmers prefer to … purchase real-world insurance products as groups, and if groups of more similar individuals are more likely to demand group …

We measure the extent of consumption insurance to income shocks accounting for high-order moments of the income … distribution. We derive a nonlinear consumption function, in which the extent of insurance varies with the sign and magnitude of …

health process, the interaction between health and employment risks, and an explicit modeling of the German public insurance … pension benefits as an insurance against old age poverty. While such a reform raises a concern about an increase in abuse of …

Using the staggered changes in unemployment insurance (UI) benefits across states in the US as an exogenous shock to …

downward movement of earnings changes. Furthermore, family and government insurance play distinct roles in reducing exposure to … earnings risk. Government insurance embedded in the targeted transfer system is more important in mitigating the dispersion of … earnings shocks, whereas family insurance via income pooling and adjustment of secondary earners' labour market activities is …

annuities, which is of relevance to insurance pricing. -- Stochastic Mortality ; Deferred Annuitization ; Retirement Decisions …