Search Results - subject_exact:"Lebensversicherung"

Impact of the longevity risk on permanent life annuity in the context of IFRS 17

Špirková, Jana; Zelinová, Silvia; Zimmermann, Pavel; … - 2026

Longevity risk - the risk that policyholders outlive expected mortality projections - poses a significant challenge to the financial sustainability of pension insurance. This paper investigates the valuation of permanent life annuities under IFRS 17, the accounting standard that fundamentally...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654680

Building a life table for Lebanon : towards a deeper understanding of our future

Sakr, Natalia Bou; Loisel, Stéphane; Mansour, Gihane; … - 2026

Lebanon does not have a national mortality table that reflects its demographic and health conditions. Despite ongoing changes in mortality patterns driven by economic crises, political instability, and social changes, outdated foreign tables such as AM80 remain in use in the insurance and public...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614317

Guaranteed annuity option under correlated and regime-switching risks

Grozen, Jude Martin B.; Mamon, Rogemar S. - 2026

Guaranteed annuity options (GAOs) allow policyholders to convert accumulated funds into life annuities at maturity at a guaranteed minimum rate. Thus, insurers are exposed to both investment and longevity risks. Accurate valuation of these long-term, survival-contingent contracts is essential...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015615258

Risk-sensitive performance evaluation of life insurance markets in EU and EEA countries : a MPSI-CoCoSo approach

Kaya, Neylan; Bozcuk, Aslıhan Ersoy; Ünal Uyar, … - 2026

The life insurance sector plays a critical role in the financial stability of countries due to its long-term liability structure and strong interaction with the financial system. The aim of this study is to evaluate the performance of the life insurance sector in the EU and EEA countries using a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015640222

Optimal investment in annuities and life insurance for retired couples : the role of side bequest motives

Werd, Martijn de; Achou, Bertrand; Chau, Ki Wai - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015655674

Defaulting 401(k) assets into payout annuities for "pretty good" lifetime incomes

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2026

Some US defined contribution plans offer retirees access to an annuity or lifetime income stream as payout options from their 401(k) accounts. Nevertheless, for behavioral reasons, some retirees may hesitate to elect lifetime income streams as a drawdown vehicle. To counter this, plan sponsors...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651068

Insuring tomorrow's cures : balancing the promises and practicalities of innovative medicine

Bhattacharya-Craven, Adrita; Nabholz, Christoph - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653874

Revealing life preferences through LLMs

Abdel Haq, Omar; Chandra, Amitabh; Jagelka, Tomáš; … - 2026

Large Language Models (LLMs) are trained on a prodigious corpus of human writing and may reveal human preferences over characteristics of life courses, such as income, longevity, and working conditions. We present OpenAI's GPT-5.4 and a broadly representative sample of Americans with pairs of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015644438

Longevity option and longevity swap de-risking strategies under frailty-based mortality models

Carannante, Maria; D'Amato, Valeria; Haberman, Steven; … - 2026

In this research, we develop longevity option and longevity swap de-risking strategies based on a frailty-based mortality model in order to obtain more effective longevity risk transfer by means of unbiased projections. The main findings show that when an appropriate de-risking strategy is not...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015676652

Socio-economic differences in mortality and fairness : pricing and solvency implications for life insurance portfolios

Di Giacinto, Marina; Marino, Mario; Vigna, Elena - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016072772

Optimal investments in annuities and life insurance for retired couples : rhe role of side bequest motives

Werd, Martijn de; Achou, Bertrand; Chau, Ki Wai - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016069261

Government-led regulatory proportionality and market development : evidence from Spain’s funeral insurance under Solvency II

Rubio-Herranz, Jorge; Segovia-Vargas, María-Jesús - 2026

This study examines how government-led regulatory design shapes market outcomes when harmonised frameworks are applied to locally specific financial products. Focusing on Spain's funeral insurance market, it quantifies the effects of a national proportionality-based adaptation within the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016082487

Solvency and systemic risk of European life insurers

Chatterjee, Somnath; Humphry, David - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016064174

Market knows best : the not so hidden risks of private ratings

Drexler, Alejandro; Polacek, Andy - 2026

We implement a new methodology to measure credit rating inflation that separates default risk from liquidity risk, using private letter ratings (PLRs)-ratings disclosed only to the paying investor. After a proposed capital charge reform, the most affected life insurers drastically increased PLR...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016084697

The non-monotonic relationship between income and life insurance demand : a case study of forty-one countries

Rapi, Kristio; Priyarsono, Dominicus S.; Siti Jahroh; … - 2025

Income is often viewed as the main determinant of life insurance demand. However, in the last two decades, the world's life insurance penetration has continued to decrease even as income grows. This study investigates the relationship between income and life insurance demand using panel data...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015207508

Life insurance stress test : 2025 results

2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015549087

The effect of inflation on US insurance markets

Dionne, Georges; Fenou, Akouété-Tognikin; Mnasri, Mohamed - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015211445

Show one more version 1

The effect of inflation on US insurance markets

Dionne, Georges; Fenou, Akouété-Tognikin; Mnasri, Mohamed - 2025

Book / Working Paper

The effect of inflation on US insurance markets : a Markov-switching model analysis

Dionne, Georges; Fenou, Akouété-Tognikin; Mnasri, Mohamed - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015331558

Show one more version 1

The effect of inflation on US insurance markets : a Markov-switching model analysis

Dionne, Georges; Fenou, Akouété-Tognikin; Mnasri, Mohamed - 2025

Book / Working Paper

Uncertainty in pricing and risk measurement of survivor contracts

So, Kenrick Raymond; Cruz, Stephanie Claire; Marcella, … - 2025

As life expectancy increases, pension plans face growing longevity risk. Standardized longevity-linked securities such as survivor contracts allow pension plans to transfer this risk to capital markets. However, more consensus is needed on the appropriate mortality model and premium principle to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015334597

Longevity risk and annuitisation decisions in the absence of special-rate life annuities

Andrés Sánchez, Jorge de; González-Vila Puchades, Laura - 2025

Longevity risk affecting older adults can be transferred to the insurance market by purchasing a lifetime annuity. Special-rate life annuities, which are priced, among other factors, on the basis of health and lifestyle factors, go beyond traditional considerations of age and sex by using...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015334621

Factors influencing underwriting performance of the life and non-life insurance markets in South Africa : exploring for complementarities, nonlinearities, and thresholds

Horvey, Sylvester Senyo; Mensah, Jones Odei - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015189487

A consolidated MCDM framework for overall performance assessment of listed insurance companies based on ranking strategies

Işık, Özcan; Çalık, Ahmet; Shabir, Mohsin - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015195765

Monetary policy and life insurance profitability : bancassurance's edge in a low-yield world

Aguilar Perez, Pablo - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015198536

Life insurance, natural disasters, and human capital investment : a case of early 20th century Japan

Okazaki, Tetsuji; Okubo, Toshihiro - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015359675

Show one more version 1

Life insurance, natural disasters, and human capital investment : a case of early 20th century Japan

Okazaki, Tetsuji; Okubo, Toshihiro; Strobl, Eric - 2025

Book / Working Paper

Life insurers' private credit investments and annuity market share capture

Meisenzahl, Ralf R.; Overpeck, Jackson; Polacek, Andy - 2025

We show that life insurers have increased their lending in the private placement market over the past decade, totaling $849 billion, or 14%, on life insurers' balance sheets in 2024. A substantial part of the growth stems from private credit extension to financial borrowers and to privately...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015419969

Algorithmic bias under the EU AI Act : compliance risk, capital strain, and pricing distortions in life and health insurance underwriting

Mahajan, Siddharth; Agarwal, Rohan; Gupta, Mihir - 2025

The EU Artificial Intelligence Act (Regulation (EU) 2024/1689) designates AI systems used in life and health insurance underwriting as high-risk systems, imposing rigorous requirements for bias testing, technical documentation, and post-deployment monitoring. Leveraging 12.4 million...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015467305

Demand for life annuities, critical illness insurance, and long-term care insurance

Wan, Cheng; Bateman, Hazel; Hanewald, Katja - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015472132

Spatio-temporal risk sharing and transfer : a unified theory of multi-period decentralized insurances and annuities

Feng, Runhuan; Liu, Peixin - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015472133

Mandatory pension savings and the insurance value of annuities

Andersen, Torben M. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015472721

Joint mortality models based on subordinated linear hypercubes

Giovanni, Domenico de; Pirra, Marco; Viviano, Fabio - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015450036

Professionals morals and markets : the uneven algorithmization of behavioral life insurance

Gamerdinger, Alexander - 2025 - First edition

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015455330

Life insurance completeness : a path to hedging mortality and achieving financial optimization

Londoño, Jaime A. - 2025

This paper explores optimal consumption and investment strategies for agents facing mortality risk within a complete financial market. Departing from traditional frameworks, we leverage state-dependent utility theory, discounted by the state-price process, to compare consumption streams and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015409017

The effectiveness of life insurance sales force training : welcome "me and AI"

Janowski, Andrzej - 2025

After 35 years of a free market in Poland, three life insurance companies have gained a dominant position in the market and developed certain procedural equilibrium in the area of training, allowing their status quo to be maintained. Yet, they do not take into account the opinions of agents and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015410007

Optimal consumption and annuity equivalent wealth with mortality model uncertainty

Li, Zhengming; Shen, Yang; Su, Jianxi - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015431894

Mean-variance longevity risk-sharing for annuity contracts

Hanbali, Hamza - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015431896

Innovative combo product design embedding variable annuity and long-term care insurance contracts

Shen, Yang; Sherris, Michael; Wang, Yawei; Ziveyi, Jonathan - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015432033

Mean-variance optimization for participating life insurance contracts

Fießinger, Felix; Stadje, Mitja - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015432084

Pricing and hedging of variable annuities with path-dependent guarantee in Wishart stochastic volatility models

Fonseca, José da; Wong, Patrick - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015432101

Impacts of financial inclusion and life insurance products on poverty in Sub-Saharan African (SSA) countries

Anifowose, Oladotun Larry; Chummun, Bibi Zaheenah - 2025

In recent years, scholars have been paying more attention to financial inclusion, which has been positioned as a crucial component in accomplishing the majority of the seventeen Sustainable Development Goals set forward by the United Nations. Investigating the effects of life insurance and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015436552

Implicit prioritization of life insurance coverage : a study of policyholder preferences in a Danish pension company

Søe, Julie Bjørner - 2025

This study evaluates the utility derived by policyholders in a Danish pension company, from their life insurance coverages. We quantify the relative importance policyholders assign to their existing coverages versus a hypothetical complete coverage scenario, thereby measuring the implicit...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015436582

Breaking the mortality curve : investment-driven acceleration in life expectancy and insurance innovation

Dror, David M. - 2025

Capital investment in longevity science-research targeting the biological processes of aging through interventions like cellular reprogramming, AI-driven drug discovery, and biological age monitoring-may create significant divergence between traditional actuarial projections and emerging...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015437045

Distribution channel models in life insurance : identifying key influencing factors

Hrebenjuk, Nadija; Boyko, Anton; Bozhenko, Victoria; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015439105

Achieving inclusive growth in sub-Saharan Africa : exploring the synergistic role of insurance and institutional quality

Horvey, Sylvester Senyo; Mensah, Jones Odei - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015462400

Is one plus one always two? : insuring longevity risk while having multiple savings accounts

Hurwitz, Abigail; Sade, Orly - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015446366

Show 2 more versions 2

Is one plus one always two? : insuring longevity risk while having multiple savings accounts

Hurwitz, Abigail; Sade, Orly - 2021

Book / Working Paper

Is One Plus One Always Two? Insuring Longevity Risk While Having Multiple Savings Accounts

Hurwitz, Abigail; Sade, Orly - 2021

Book / Working Paper

Optimal investment considerations for a single cohort life insurance portfolio

Cahyaningtias, Sari; Jevtić, Petar; Gardner, Carl; … - 2025

This study examines the portfolio optimization problem of an insurance company that issues an annuity, receives the associated premiums as a lump sum, and invests in a financial market. The insurer's objective is to determine an investment strategy that minimizes the likelihood of defaulting on...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015561478

Unfair redistribution in actuarially unfair pension schemes : evidence from Italy

Abatemarco, Antonio; Ardito, Chiara; Leombruni, Roberto; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015562114

Show one more version 1

Unfair redistribution in actuarially unfair pension schemes : evidence from Italy

Abatemarco, Antonio; Ardito, Chiara; Leombruni, Roberto; … - 2025

Book / Working Paper

A behavioral theory of market retrenchment : role of changes in market shares and market attractiveness

Sasaki, Hiroyuki - 2025

The behavioral theory of the firm explains how firms react to performance feedback, yet little is known about how firms integrate backward-looking feedback with forward-looking assessments of market opportunity. This study proposes and tests a retrenchment model grounded in SWOT-based behavioral...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015506414

The transformation of the life insurance industry : systemic risks and policy challenges

Aquilina, Matteo; Garavito, Fabian; Gelos, Gaston; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609546

Corporate governance and efficiency performance in China's life insurance industry : a configuration analysis based on DEA-fsQCA

Xie, Yi; Rozaimah Zainudin; Mahdzan, Nurul Shahnaz - 2025

While China has emerged as a leading Asian insurance market, research on improving operational efficiency (OE) in its insurance sector remains limited. This study employs two-stage network data envelopment analysis (DEA) to measure efficiency across 81 Chinese life insurers (2011-2020),...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613862

Building digital ecosystems from within : a case from life insurance

Oruganti, Vidya - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015593529