EQUILIBRIUM PRICES OF GUARANTEES UNDER UNIT-LINKED LIFE INSURANCE CONTRACTS
The guarantee under a unit-linked contract can be viewed as an option exercisable at the maturity date entitling the policyholder to the greater of the value of the units or the guaranteed amount. The principles of the Option Pricing Model were employed to derive the equilibrium premium for both a s...
Saved in:
Published in | Knowledge horizons : economics Vol. 9; no. 2; pp. 47 - 53 |
---|---|
Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
Bucharest
Dimitrie Cantemir Christian University
01.04.2017
|
Subjects | |
Online Access | Get full text |
Cover
Loading…
Abstract | The guarantee under a unit-linked contract can be viewed as an option exercisable at the maturity date entitling the policyholder to the greater of the value of the units or the guaranteed amount. The principles of the Option Pricing Model were employed to derive the equilibrium premium for both a single-premium contract and a periodic-premium contract and some numerical simulation were presented. The aim of this study is to determine the equilibrium values of guarantees on single premium contracts and regular premium contracts. Also this research prescribes an optimal investment policy for the insurance company selling these policies |
---|---|
AbstractList | The guarantee under a unit-linked contract can be viewed as an option exercisable at the maturity date entitling the policyholder to the greater of the value of the units or the guaranteed amount. The principles of the Option Pricing Model were employed to derive the equilibrium premium for both a single-premium contract and a periodic-premium contract and some numerical simulation were presented. The aim of this study is to determine the equilibrium values of guarantees on single premium contracts and regular premium contracts. Also this research prescribes an optimal investment policy for the insurance company selling these policies |
Author | Chis, Diana-Maria Corovei, Emilia-Anuta Ciumas, Cristina |
Author_xml | – sequence: 1 givenname: Diana-Maria surname: Chis fullname: Chis, Diana-Maria – sequence: 2 givenname: Cristina surname: Ciumas fullname: Ciumas, Cristina – sequence: 3 givenname: Emilia-Anuta surname: Corovei fullname: Corovei, Emilia-Anuta |
BookMark | eNqNiksOgjAARBujiajcoYlrkn6kyBJL0QYsWto1cYELYkCp3F9iPICbmXmZtwLzru-aGfAIYizAiOH5d8cBiilZAt-5FiGEKWMkCj2Qi6uVhTxoac_woiUXFSwzeLSJTpQRE1mVCj2lNEEhVS5SWMhMQKkqOylcQF4qoxNuqg1Y3G8P1_i_XoNtJgw_Bc-hf42Ne9dtPw7ddNUER_uY0nAX0f-sD0DiOXM |
ContentType | Journal Article |
Copyright | Copyright Dimitrie Cantemir Christian University 2017 |
Copyright_xml | – notice: Copyright Dimitrie Cantemir Christian University 2017 |
DBID | 3V. 7WY 7WZ 7XB 87Z 8FK 8FL ABUWG AFKRA BENPR BEZIV BYOGL CCPQU DWQXO FRNLG F~G K60 K6~ L.- M0C PQBIZ PQBZA PQEST PQQKQ PQUKI PRINS PYYUZ Q9U |
DatabaseName | ProQuest Central (Corporate) ABI/INFORM Collection ABI/INFORM Global (PDF only) ProQuest Central (purchase pre-March 2016) ABI/INFORM Collection ProQuest Central (Alumni) (purchase pre-March 2016) ABI/INFORM Collection (Alumni Edition) ProQuest Central (Alumni) ProQuest Central UK/Ireland ProQuest Central ProQuest Business Premium Collection East Europe, Central Europe Database ProQuest One Community College ProQuest Central Business Premium Collection (Alumni) ABI/INFORM Global (Corporate) ProQuest Business Collection (Alumni Edition) ProQuest Business Collection ABI/INFORM Professional Advanced ABI/INFORM Global (ProQuest) ProQuest One Business ProQuest One Business (Alumni) ProQuest One Academic Eastern Edition (DO NOT USE) ProQuest One Academic ProQuest One Academic UKI Edition ProQuest Central China ABI/INFORM Collection China ProQuest Central Basic |
DatabaseTitle | Business Premium Collection ABI/INFORM Global (Corporate) ProQuest Business Collection (Alumni Edition) ProQuest One Business ABI/INFORM Global ABI/INFORM Global (Alumni Edition) ProQuest Central Basic ProQuest One Academic Eastern Edition East Europe, Central Europe Database ProQuest Central (Alumni Edition) ProQuest One Community College ABI/INFORM China ProQuest Business Collection ProQuest Central China ABI/INFORM Complete ProQuest Central ABI/INFORM Professional Advanced ProQuest One Academic UKI Edition ProQuest Central Korea ProQuest One Business (Alumni) ProQuest One Academic ABI/INFORM Complete (Alumni Edition) ProQuest Central (Alumni) Business Premium Collection (Alumni) |
DatabaseTitleList | Business Premium Collection |
Database_xml | – sequence: 1 dbid: BYOGL name: East Europe, Central Europe Database url: https://proxy.k.utb.cz/login?url=https://search.proquest.com/eastcentraleurope sourceTypes: Aggregation Database |
DeliveryMethod | fulltext_linktorsrc |
Discipline | Economics Mathematics |
EISSN | 2066-1061 |
EndPage | 53 |
GeographicLocations | Canada |
GeographicLocations_xml | – name: Canada |
GroupedDBID | 3V. 7WY 7XB 8FK 8FL ABDBF ABUWG AFKRA ALMA_UNASSIGNED_HOLDINGS BENPR BEZIV BPHCQ BYOGL CCPQU DWQXO EN8 FRNLG GROUPED_ABI_INFORM_COMPLETE K60 K6~ L.- M0C PQBIZ PQBZA PQEST PQQKQ PQUKI PRINS PROAC Q9U |
ID | FETCH-proquest_journals_21789335473 |
IEDL.DBID | BENPR |
ISSN | 2069-0932 |
IngestDate | Fri Sep 13 03:28:18 EDT 2024 |
IsPeerReviewed | true |
IsScholarly | true |
Issue | 2 |
Language | English |
LinkModel | DirectLink |
MergedId | FETCHMERGED-proquest_journals_21789335473 |
PQID | 2178933547 |
PQPubID | 2032619 |
ParticipantIDs | proquest_journals_2178933547 |
PublicationCentury | 2000 |
PublicationDate | 20170401 |
PublicationDateYYYYMMDD | 2017-04-01 |
PublicationDate_xml | – month: 04 year: 2017 text: 20170401 day: 01 |
PublicationDecade | 2010 |
PublicationPlace | Bucharest |
PublicationPlace_xml | – name: Bucharest |
PublicationTitle | Knowledge horizons : economics |
PublicationYear | 2017 |
Publisher | Dimitrie Cantemir Christian University |
Publisher_xml | – name: Dimitrie Cantemir Christian University |
SSID | ssj0001366275 |
Score | 4.0594907 |
Snippet | The guarantee under a unit-linked contract can be viewed as an option exercisable at the maturity date entitling the policyholder to the greater of the value... |
SourceID | proquest |
SourceType | Aggregation Database |
StartPage | 47 |
SubjectTerms | Annuities Archives & records Economic models Equity indexed annuities Guarantees Hedging Insurance companies Insurance policies Insurance premiums Investment policy Investments Life insurance Market equilibrium Mathematics Policyholders Theory Values |
Title | EQUILIBRIUM PRICES OF GUARANTEES UNDER UNIT-LINKED LIFE INSURANCE CONTRACTS |
URI | https://www.proquest.com/docview/2178933547/abstract/ |
Volume | 9 |
hasFullText | 1 |
inHoldings | 1 |
isFullTextHit | |
isPrint | |
link | http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwfV3NT8IwFH9BOKgHo6hBRdNErw0b68Z2MjA7qWwDx5ZwI_s8gjr8_-2bmyQeuDRpmjTNa_N7r-_rB_CUK1asZYVJM0tNKctNhUrMM2nMrCQdZbGl5-jv8HxjGrG3lb5qwbSphcG0ygYTK6DOtin6yAfSdEZmeJ2NBnGCXoB0N3j--KTIH4Vx1ppM4wg6Q5VhwLYz4f4i2PtbtKrVOXLNKQZmCSHhyD_4rXSKcw5ntTFIxr-3dwGtfNOF46ZWuOzCqffXVbW8hBl_j4QrJoGIPLIIhM2XZO6QV2mUjv2Qy1lVMiBHEVJX-DP-QlzhcCJ_6BFm5HFiz_0wGNvh8goeHR7aU9qcbV2_qnK9l4F2De3NdpP3gOjyFkyDJUg4wzStsIqESeiIpa1hGWqi3UD_0E63h5fv4GSIiqzKVelDe_f1nd9LNbxLHmoJ_wCbw4ge |
link.rule.ids | 315,786,790,21416,33779,43840,74659 |
linkProvider | ProQuest |
linkToHtml | http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwfV3NT4MwFH9RdpgejE6NH1Ob6LWR2cLgZBgWqQM2GSS7LXwemcr8_20RXOJhlyZNk-b1I7_30ff6A3goVDMheWng3BxlmBaGigXmGTihZpqN88TUChnv8APdjenbUlu2Abe6TavsMLEB6nydyRj5ozCdJTO8RsfPH59YskbJ19WWQmMfepQIV0WB3oQF83AbZSHNB-eSYU7VZW6QpBn5B7qNJnGO4ag1AZH1e2YnsFdUA-h3FcL1AA79v79U61OYsveYe3wS8thH85DbbIFmDnoVpqgVREz0mkIB0fIIezyYshfkcYch4ZfHMg-PIXsWRKFlR4szuHdYZLu4k23V3qV6tV05OQelWlfFBSBN7L2h01TSzFBCSrNMqQCMRFgYpj5KySUMd810tXv4Dvpu5HsrKfQ1HDxJVdZkqwxB2Xx9FzdCEW_S23a3fwAfc4dR |
linkToPdf | http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwfV1bS8MwFD7oBl4eRKfiZWpAX8M6k3btk2xd6uK2rnYt7K30-tipnf_fpKYOfNhLIARCOAnfOTn5Tj6Ap1yzYpIVJs6sfoppbmpYYJ6JY2ol6SCLLT2X-Y65a0xC-rbSV4r_VClaZYOJNVBn61TmyHsidJbK8Dod9ApFi_DGzsvHJ5YKUvKlVclp7EN7QA1dnPD2iLmev824kPqzc6k2pxmSJyQlR_4BcO1VnFM4UeEgGv7u3xns5WUHDptq4aoDx_O_f1Wrc5iy95DP-Mjn4Rx5PrfZEi0c9CrC0qEbMNGriwZEywM84-6UjdGMOwyJO3ooOXkM2Qs38Id2sLyAR4cF9gQ3a4vUuaqirRXIJbTKdZlfAdLFPpgGTaTkDCWksIqECvCIRbRhGf2EXEN310w3u4cf4EAYOpJrvoWjZ-nVauJKF1qbr-_8TvjkTXKvjP0DLVuLjg |
openUrl | ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=EQUILIBRIUM+PRICES+OF+GUARANTEES+UNDER+UNIT-LINKED+LIFE+INSURANCE+CONTRACTS&rft.jtitle=Knowledge+horizons+%3A+economics&rft.au=Chis%2C+Diana-Maria&rft.au=Ciumas%2C+Cristina&rft.au=Corovei%2C+Emilia-Anuta&rft.date=2017-04-01&rft.pub=Dimitrie+Cantemir+Christian+University&rft.issn=2069-0932&rft.eissn=2066-1061&rft.volume=9&rft.issue=2&rft.spage=47&rft.epage=53&rft.externalDBID=HAS_PDF_LINK |
thumbnail_l | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/lc.gif&issn=2069-0932&client=summon |
thumbnail_m | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/mc.gif&issn=2069-0932&client=summon |
thumbnail_s | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/sc.gif&issn=2069-0932&client=summon |