Description: Table of Contents

Description: Table of Contents

Description: This paper shows the mortality element can be partially isolated allowing an exact annuity value to be readily obtained at any interest rate. From the Actuarial Research Clearing House 1979, Vol.2.

Description: This paper investigates the use of models of dependent mortality for determining annuity values. We discuss a broad class of parametric models using a bivariate survivorship function called a copula. Using data from a large insurance company to illustrate our methods, we calculate maximum likelihood estimates to calibrate the rnodel.

Description: This is the abstract of the article 'A Proposed Unified Valuation System'. This article will briefly describe some analytical examples of a stochastic modeling of risk use to illustrate the S-curve approach to valuation, but more importantly describe key additional area of research and theory, which need to be developed. The focus of this presentation is an invitation for additional research to support a new approach to statutory valuation of life and health risk that can result in better management and regulatory information.

Description: In recent years, insurance companies have been introducing saving products whose returns are linked to equity market performance. Equity-indexed annuities [EIA's] are one of the products of this kind. This paper is a study on the recent introduction and popularity growth of equity-indexed annuities. An index is considered which provides a minimum interest guarantee and a participation in the increase in an index.

Description: The motivation for various asset valuation methods and their properties are briefly described. Some smoothed value or market-related methods based on arithmetic averaging and exponential smoothing are considered and their effect on funding is discussed. Suggestions for further research are also made.

Description: Actuarial Research Clearing House 1978 Volume 2 Table of Contents

Description: The paper is an individual risk theoretical examination of annuities for the aged. Through retirement systems, social security and insurance plans, annuities for the aged are a very significant matter and are worthy of inquiry. From the Actuarial Research Clearing House 1992 Vol. 2.

Description: Pension funds are usually either defined benefit or defined contribution funds. In Australia in recent years, for a number of reasons, some pension funds have offered the 'greater of,' these two benefits. Such a benefit design can be valued using contingent claims valuation techniques since it is equivalent to an option on the maximum of two random benefit amounts - one equal to a multiple of salary and the other the accumulation of a percentage of salary at an earnings rate. This paper overviews some of the issues in applying contingent claims valuation techniques to the valuation of this style of benefit. From Actuarial Research Clearing House 1993, Vol. 1.