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Titel:

Analyzing the effect of low interest rates on the surplus participation of life insurance policies with different annual interest rate guarantees

Dokumenttyp:
Zeitschriftenaufsatz
Autor(en):
Hieber, P.; Korn, R.; Scherer, M.
Nicht-TUM Koautoren:
ja
Kooperation:
national
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
Zeitschriftentitel:
European Actuarial Journal
Journal gelistet in FT50 Ranking:
nein
Jahr:
2015
Band / Volume:
5
Heft / Issue:
1
Seitenangaben Beitrag:
11-28
Reviewed:
ja
Sprache:
en
Volltext / DOI:
doi:10.1007/s13385-014-0102-3
Status:
Verlagsversion / published
TUM Einrichtung:
Lehrstuhl für Finanzmathematik
Urteilsbesprechung:
0
Key publication:
Nein
Peer reviewed:
Ja
International:
Ja
Book review:
Nein
commissioned:
not commissioned
Professional Journal:
Nein
Technology:
Nein
Interdisziplinarität:
Nein
Leitbild:
;
Ethics und Sustainability:
Nein
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