Reserving for Maturity Guarantees under Unitised With-profits Policies
نویسنده
چکیده
xiv Introduction 1 0.1 Changes in the Regulatory Environment . . . . . . . . . . . . . . . . 1 0.2 Thesis Outline . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 1 GUARANTEES UNDER UNITISED WITH-PROFITS POLICIES 9 1.1 Operation of UWP Polices . . . . . . . . . . . . . . . . . . . . . . . . 9 1.2 Reserving Approaches . . . . . . . . . . . . . . . . . . . . . . . . . . 11 1.2.1 Literature Review . . . . . . . . . . . . . . . . . . . . . . . . . 11 1.2.2 Three Reserving Approaches . . . . . . . . . . . . . . . . . . . 14 1.3 Models Required . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 1.3.1 Valuation Model . . . . . . . . . . . . . . . . . . . . . . . . . 16 1.3.2 Bonus and Asset Allocation Model . . . . . . . . . . . . . . . 17 1.3.3 Real World Asset Model . . . . . . . . . . . . . . . . . . . . . 17 2 RESERVING FOR A SINGLE UWP POLICY HISTORICALLY 19 2.
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تاریخ انتشار 2004