Solvency II defines minimum capital requirements from insurance companies, due to their exposure to risk. Regulatory … bodies of the Brazilian insurance market issued regulations based on a deterministic model for the calculation of risk based … product of an insurance company operating in Brazil. The Brazilian case is relevant, since due to its high interest rate …

insurance (Propositions 1 and 2), i.e., for a wealth portfolio X(t) consisting of a bond and a stock price described by general … compound Hawkes process (GCHP), and for a capital R(t) (risk process) of an insurance company with the amount of claims … results in finance and insurance for those models. …

Traditional participating life insurance contracts with year-to-year (cliquet-style) guarantees have come under …