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An equity-linked life insurance contract combines an endowment life insurance and an investment strategy with a minimum guarantee. The benefit of this contract is determined by the guaranteed amount plus a bonus equal to a call on the portfolio. This bonus is similar to an Asian option. We...
Persistent link: https://www.econbiz.de/10009138379
The purpose of this paper is to analyse the effect of stochastic interest rates on the pricing of Asian options. It is shown that a stochastic, in contrast to a deterministic, development of the term structure of interest rates has a significant influence. The price of the underlying asset, e.g....
Persistent link: https://www.econbiz.de/10009138380
Die Diskussion über die Portabilität der Alterungsrückstellung in der deutschen privaten Krankenversicherung (PKV …
Persistent link: https://www.econbiz.de/10009138534
Die Diskussion über Portabilität der Alterungsrückstellung in der deutschen Privaten Krankenversicherung (PKV) leidet …
Persistent link: https://www.econbiz.de/10005867296
This paper derives simple closed-form identi…cation regions for the U.S. nonelderlypopulation's prevalence of health insurance coverage in the presence of household reporting errors.The methods extend Horowitz and Manski's (1995) nonparametric analysis of contaminated samplesfor the case that...
Persistent link: https://www.econbiz.de/10009360860
Die Krankenversicherung deckt ambulante und stationäre Heilbehandlungen im Krankheitsfall gemässeinem abschliessenden … Katalog der «Leistungen in der obligatorischen Krankenpflegeversicherung».Die Krankenversicherung ist seit 1996 obligatorisch … entlastet.Der Bereich der sozialen Krankenversicherung in der Schweiz wird seit dem 1. Januar 1996 durchdas Bundesgesetz über …
Persistent link: https://www.econbiz.de/10005870411
The main determinants of the financial problems of the German statutory health and longtermcare systems are demographic aging, the medical-technical progress as well as thedisproportionate cost increase in long-term care services. Concerning these factors, onlyreform concepts on the expenditure...
Persistent link: https://www.econbiz.de/10005870439
Unfavourable change in the proportion between professionally active and non-active part of the society; Increased share of senior citizens with higher probability of chronic diseases...
Persistent link: https://www.econbiz.de/10005871266
Demographic information about Poland: aging of population, disability rates; Long term care services: Types of services, trends in use of LTC...
Persistent link: https://www.econbiz.de/10005871269
The National Health Insurance Scheme (Rashtriya Swasthya Bima Yojana, RSBY) aims to improve poor people’s access to quality health care in India. This paper looks at the implementation of the scheme in Karnataka, drawing on a large survey of eligible households and interviews with empanelled...
Persistent link: https://www.econbiz.de/10008860712