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  • Gimmel: Second Order Effect of Dynamic Policyholder Behavior on Insurance Products with Embedded Options
    Dynamic b ' OTM ITM Sx OTM Sx ITM Sx Primary Example 5% 0% to 10% 15% 5% 0.9 0.85 0.95 Example ... Dynamic b ' OTM ITM Sx OTM Sx ITM Sx Primary Example 5% 0% to 10% 15% 5% 0.9 0.85 0.95 Example ...

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    • Authors: David Ross, Charles L Gilbert, John Wiesner
    • Date: Mar 2010
    • Competency: Technical Skills & Analytical Problem Solving
    • Publication Name: Risk Management
    • Topics: Annuities>Variable annuities; Enterprise Risk Management
  • Understanding And Managing The Risks Underlying Guaranteed Benefits In Variable Annuities
    will be zero, so we will be immunized. We won’t care from a claims risk perspective if the account value ... However from a pure claims risk perspective, you don’t care where the markets go if you immunize yourself.

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    • Authors: Inger Harrington, Charles L Gilbert, David L Braun
    • Date: Oct 2001
    • Competency: Technical Skills & Analytical Problem Solving
    • Publication Name: Record of the Society of Actuaries
    • Topics: Annuities>Variable annuities; Enterprise Risk Management