Surrender of Policies
نویسندگان
چکیده
منابع مشابه
Fair Valuation of Participating Policies with Surrender Options and Regime Switching
We consider the fair valuation of a participating life insurance policy with surrender options when the market values of the asset are modelled by Markov-modulated Geometric Brownian Motion (GBM). We reduce the dimension of the optimal stopping problem for the policy by changing probability measures. We also provide a decomposition result for the value of the policy. The Barone-Adesi-Whaley app...
متن کاملEarly Default Risk and Surrender Risk: Impacts on Participating Life Insurance Policies
We study the fair valuation of participating life insurance policies with surrender guarantees when an early default mechanism is imposed by a regulator. An insurance company is forced to be liquidated once a solvency threshold is reached before maturity. The early default regulation affects the contracts’ value not only directly via changing the contracts’ payment streams but also indirectly v...
متن کامل‘New conservation’ or surrender to development?
Ecologists have concluded that diversity per se in ecosystems is important to ecosystem function and ecological services. Meta-analyses of several hundred investigations showed that a loss of diversity negatively affected ecosystem function (Balvanera et al., 2006; Cardinale et al., 2006, 2011; Tilman, 2012). Specifically, research showed that loss of species diversity decreased productivity, r...
متن کاملAgency, Surrender, and Grace in Psychoanalysis
There is a vital dialectic between agency and surrender in life and in the analytic process. Without an ability to will, one cannot choose one’s actions; one becomes a passive victim of circumstances rather than an agent who can influence one’s own destiny. On the other hand, an exaggerated sense of agency fails to take into account the limits of our ability to control life, and is associated w...
متن کاملDeep Surrender: Musically Controlled Responsive Video
In this paper we describe our responsive video performance, Deep Surrender, created using Cycling ’74’s Max/MSP and Jitter packages. Video parameters are manipulated in real-time, using chromakeying and colour balance modification techniques to visualize the keyboard playing and vocal timbre of a live performer. We present the musical feature extraction process used to create a control system f...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Transactions of the Faculty of Actuaries
سال: 1911
ISSN: 0071-3686,2058-1033
DOI: 10.1017/s0071368600003669