of such insurance types, carry out an accurate valuation of the unit-linked insurance portfolio, as well as to …, they are frequently seen as uneconomical products, which is caused mainly by the fact that insurance policies compensations … investigate financial surplus in relation to a traditional insurance with guaranteed sum. …

of covariates as well as the smoothing parameters via cross-validation. We find that volatility forecastability is much …

This paper evaluates and compares the ability of alternative option-implied volatility measures to forecast the monthly … realized volatility of crude-oil returns. We find that a corridor implied volatility measure that aggregates information from a …-free volatility expectations, as well as those generated by a high-frequency realized volatility model. In particular, this measure …

Securitization of the rainfall risk involves pooling of the rainfall contingent insurance policies to issue financial … may find it difficult to re-emerge. India has implemented a country wide rainfall based insurance cover to compensate the … agri-households based on the weather outcome. But the pooled rainfall risk in a rainfall insurance portfolio is currently …

Complex insurance risks typically have multiple exposures. Options on multiple underliers with a short maturity are … risk neutral evolution is taken in the variance gamma class as a simple example of a non-Gaussian limit law. Insurance …

long-maturity illiquidity. By building a sieve estimator around the risk-neutral valuation equation, the framework …

directionally biased due to the presence of stochastic volatility. The Heston model reduces the mismatch in realized variance …

protection, restructure financial capital, stabilize insurance and pension markets, and improve solvency. The Solvency II … framework introduced in the European Union applied these principles to insurance companies. This study attempts to predict the … solvency of an insurer within a set of European insurers. The dataset consists of 29 insurance groups that operate across the …