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  • Revisiting Pension Actuarial Science: A Five-Part Series – Part 1, Fair Value of the Liability – The Contractual Benefit Obligation
    Revisiting Pension Actuarial Science: A Five-Part Series – Part 1, Fair Value of the Liability ... financial instruments’ static contract terms) is the dynamic nature of the pension payoff promises as they ...

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    • Authors: James Rizzo, Krzysztof Ostaszewski, Piotr Krekora
    • Date: Jun 2010
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Annuities; Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Public sector plans; Pensions & Retirement>Risk management
  • Diversification Benefits of the Variable Annuities and Equity-Indexed Annuities Mixture
    classes respectively.  Taking into account mortality and dynamic lapse risk, we build a  model that quantifies  ...  Hardy (2003) offered risk‐neutral pricing and dynamic hedging analyses on  VAs. Milevsky analyzed VA ...

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    • Authors: Guanghua Cao
    • Date: Apr 2006
    • Competency: Technical Skills & Analytical Problem Solving
    • Topics: Annuities; Enterprise Risk Management