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Document type:
Zeitschriftenaufsatz 
Author(s):
Hieber, P.; Korn, R.; Scherer, M. 
Non-TUM Co-author(s):
ja 
Cooperation:
national 
Title:
Analyzing the effect of low interest rates on the surplus participation of life insurance policies with different annual interest rate guarantees 
Abstract:
We analyze the effects of a prevailing low interest rates regime on investment decisions of insurance companies and on the risk/return profile of participating life insurance policies with different contractually guaranteed minimum annual return. Our analysis is based on German legislation and a stylized insurance company with two cohorts of insured persons having different minimal return guarantees. Our findings shed some light on the non-trivial interrelation between profit distribution, minim...    »
 
Intellectual Contribution:
Discipline-based Research 
Journal title:
European Actuarial Journal 
Journal listet in FT50 ranking:
nein 
Year:
2015 
Journal volume:
Journal issue:
Pages contribution:
11-28 
Reviewed:
ja 
Language:
en 
Status:
Verlagsversion / published 
TUM Institution:
Lehrstuhl für Finanzmathematik 
Key publication:
Nein 
Peer reviewed:
Ja 
International:
Ja 
Book review:
Nein 
Commissioned:
not commissioned 
Professional Journal:
Nein 
Mission statement:
versions