Incorporation of Stochastic Policyholder Behavior in Analytical Pricing of GMABs and GMDBs
Variable annuities represent certain unit-linked life insurance products offering different types of protection commonly referred to as guaranteed minimum benefits (GMXBs). They are designed for the increasing demand of the customers for private pension provision. In this paper we analytically price...
Main Authors: | , , , , |
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Format: | Article |
Language: | English |
Published: |
MDPI AG
2016-11-01
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Series: | Risks |
Subjects: | |
Online Access: | http://www.mdpi.com/2227-9091/4/4/41 |