000 02349nam a22004575i 4500
001 978-3-7908-2843-6
003 DE-He213
005 20140220083332.0
007 cr nn 008mamaa
008 120402s2012 gw | s |||| 0|eng d
020 _a9783790828436
_9978-3-7908-2843-6
024 7 _a10.1007/978-3-7908-2843-6
_2doi
050 4 _aHG8011-9999
072 7 _aKFFN
_2bicssc
072 7 _aBUS033000
_2bisacsh
082 0 4 _a657.836
_223
100 1 _aRüfenacht, Nils.
_eauthor.
245 1 0 _aImplicit Embedded Options in Life Insurance Contracts
_h[electronic resource] :
_bA Market Consistent Valuation Framework /
_cby Nils Rüfenacht.
264 1 _aHeidelberg :
_bPhysica-Verlag HD :
_bImprint: Physica,
_c2012.
300 _aXXV, 167p. 33 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aContributions to Management Science,
_x1431-1941
505 0 _aTheoretical Considerations Regarding Embedded Options -- Asset Modelling Process -- Liability Modelling Process -- An Empirical Analysis Using the Entire Modelling Approach.
520 _aThis book presents a market-consistent valuation framework for implicit embedded options in life insurance contracts. This framework is used to perform an empirical analysis based on more than 110,000 actual and in-force life insurance policies and with a focus on the modeling of interest rates. Its results are the answer to the central question posed in the objectives: What value do the embedded options and guarantees considered have? This question is answered both absolutely and relative to the current policy reserves, from the perspective of the insurer, the policyholder and the shareholder respectively
650 0 _aEconomics.
650 0 _aFinance.
650 1 4 _aEconomics/Management Science.
650 2 4 _aInsurance.
650 2 4 _aQuantitative Finance.
650 2 4 _aFinance/Investment/Banking.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783790828429
830 0 _aContributions to Management Science,
_x1431-1941
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-7908-2843-6
912 _aZDB-2-SBE
999 _c103959
_d103959