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Titel:

Closed-form solutions for Guaranteed Minimum Accumulation Benefits

Dokumenttyp:
Zeitschriftenaufsatz
Autor(en):
Brunner, B.; Krayzler, M.; Zagst, R.
Nicht-TUM Koautoren:
ja
Kooperation:
national
Abstract:
Guaranteed Minimum Accumulation Benefit (GMAB) is one of the variable annuity products, i.e. new type of insurance and retirement products offering participation at the financial markets and the guarantees at the same time. In particular, GMAB offers at maturity the maximum of account value and some guaranteed benefit. This paper considers four most popular options for this guaranteed amount: capital protection, minimum interest return, ratchet and the maximum of them. As these products are expo...     »
Stichworte:
Variable Annuities, Gauranteed Minimum Accumulation Benefit, Hybrid Model
Intellectual Contribution:
Contribution to Practice
Zeitschriftentitel:
European Actuarial Journal
Journal gelistet in FT50 Ranking:
nein
Jahr:
2016
Band / Volume:
6
Heft / Issue:
1
Seitenangaben Beitrag:
197-231
Reviewed:
ja
Sprache:
en
Volltext / DOI:
doi:10.1007/s13385-015-0121-8
Status:
Verlagsversion / published
TUM Einrichtung:
Lehrstuhl für Finanzmathematik
Urteilsbesprechung:
0
Key publication:
Nein
Peer reviewed:
Nein
International:
Ja
Book review:
Nein
commissioned:
not commissioned
Professional Journal:
Nein
Technology:
Nein
Interdisziplinarität:
Nein
Leitbild:
;
Ethics und Sustainability:
Nein
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