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Articles 1 - 6 of 6
Full-Text Articles in Insurance
Sec Risk Factors: A Structural Topic Model (Stm) Approach, Kelli A. Duncan, Brandon Vi Trieu
Sec Risk Factors: A Structural Topic Model (Stm) Approach, Kelli A. Duncan, Brandon Vi Trieu
Georgia State Undergraduate Research Conference
No abstract provided.
Risk, Governance, And Readability: An Examination Of Corporate Risk Discussions, Rwanda Smith
Risk, Governance, And Readability: An Examination Of Corporate Risk Discussions, Rwanda Smith
Georgia State Undergraduate Research Conference
No abstract provided.
Tort Reform And Accidental Deaths: Is There A Link?, Haley Tipsord
Tort Reform And Accidental Deaths: Is There A Link?, Haley Tipsord
Georgia State Undergraduate Research Conference
No abstract provided.
Policyholder Exercise Behavior In Life Insurance: The State Of Affairs, Daniel Bauer, Jin Gao, Thorsten Moenig, Eric R. Ulm, Nan Zhu
Policyholder Exercise Behavior In Life Insurance: The State Of Affairs, Daniel Bauer, Jin Gao, Thorsten Moenig, Eric R. Ulm, Nan Zhu
Risk Management and Insurance Faculty Publications
The paper presents a review of structural models of policyholder behavior in life insurance. We first discuss underlying drivers of policyholder behavior in theory and survey the implications of different models. We then turn to empirical behavior and appraise how well different drivers explain observations. The key contributions lie in the synthesis and the systematic categorization of different approaches. The paper should provide a foundation for future studies, and we describe some important directions for future research in the conclusion.
The Effect Of Labor Income And Health Uncertainty On The Valuation Of Guaranteed Minimum Death Benefits, Jin Gao, Eric R. Ulm
The Effect Of Labor Income And Health Uncertainty On The Valuation Of Guaranteed Minimum Death Benefits, Jin Gao, Eric R. Ulm
Risk Management and Insurance Faculty Publications
We examine the effect of labor income and health uncertainty on the optimal choices of policyholders with Guaranteed Minimum Death Benefits embedded in Variable Annuities. These choices are determined in the context of a utility-based life cycle model including bequest motives and optimal term life purchases. We then determine risk-neutral prices from the perspective of the issuing financial institutions. In contrast to previous studies which do not include income and health uncertainty, we find that very risk-averse policyholders in weak job markets would be willing to pay the risk-neutral price in order to receive these benefits. This occurs because an …
On The Interaction Between Transfer Restrictions And Crediting Strategies In Guaranteed Funds, Eric R. Ulm
On The Interaction Between Transfer Restrictions And Crediting Strategies In Guaranteed Funds, Eric R. Ulm
Risk Management and Insurance Faculty Publications
Guaranteed funds with crediting rates for fixed periods determined by a Pension Provider or Insurance Company are common features of accumulation annuity contracts. Policyholders can transfer money back and forth between these accounts and Money Market accounts which give them features similar to demand deposits and yet they frequently credit a higher rate than the Money Market. Transfer restrictions are commonly employed to prevent arbitrage. In this paper, we model the interaction between company and policyholder as a multiperiod game in which the company maximizes risk-neutral expected present value of profits and the policyholder maximizes his expected discounted utility. We …