메뉴 건너뛰기




Volumn 73, Issue 1, 2006, Pages 19-41

To hedge or not to hedge: Managing demographic risk in life insurance companies

Author keywords

[No Author keywords available]

Indexed keywords


EID: 33644680887     PISSN: 00224367     EISSN: 15396975     Source Type: Journal    
DOI: 10.1111/j.1539-6975.2006.00164.x     Document Type: Article
Times cited : (37)

References (36)
  • 1
    • 0242267513 scopus 로고    scopus 로고
    • Survivor bonds: A comment on blake and burrows
    • Blake, D., 2003, Reply to "Survivor Bonds: A Comment on Blake and Burrows," Journal of Risk and Insurance, 70: 349-351.
    • (2003) Journal of Risk and Insurance , vol.70 , pp. 349-351
    • Blake, D.1
  • 2
    • 0039738114 scopus 로고    scopus 로고
    • Survivor bonds: Helping to hedge mortality risk
    • Blake, D., and W. Burrows, 2001, Survivor Bonds: Helping to Hedge Mortality Risk, Journal of Risk and Insurance, 68: 339-348.
    • (2001) Journal of Risk and Insurance , vol.68 , pp. 339-348
    • Blake, D.1    Burrows, W.2
  • 4
    • 33644686480 scopus 로고
    • Biometrische rechnungsgrundlagen in der lebensversicherung, DAV-sterbetafel 1994 T
    • Bundesaufsichtsamt für das Versicherungswesen, 1994, Biometrische Rechnungsgrundlagen in der Lebensversicherung, DAV-Sterbetafel 1994 T, Veröffentlichungen des Bundesaufsichtsamtes für das Versicherungswesen, 6/94: 174-175.
    • (1994) Veröffentlichungen des Bundesaufsichtsamtes für das Versicherungswesen , vol.6 , Issue.94 , pp. 174-175
  • 6
    • 0033435047 scopus 로고    scopus 로고
    • No-arbitrage pricing for life insurance and annuities
    • Carriere, J. F., 1999, No-Arbitrage Pricing for Life Insurance and Annuities, Economic Letters, 64:339-342
    • (1999) Economic Letters , vol.64 , pp. 339-342
    • Carriere, J.F.1
  • 8
    • 20744449041 scopus 로고    scopus 로고
    • Securitization of life insurance assets and liabilities
    • Cowley, A., and D. Cummins, 2005, Securitization of Life Insurance Assets and Liabilities, Journal of Risk and Insurance, 72:193-226.
    • (2005) Journal of Risk and Insurance , vol.72 , pp. 193-226
    • Cowley, A.1    Cummins, D.2
  • 9
    • 0030642394 scopus 로고    scopus 로고
    • Price, financial quality, and capital flows in insurance markets
    • Cummins, J. D., and P. Danzon, 1997, Price, Financial Quality, and Capital Flows in Insurance Markets, Journal of Financial Intermediation, 6: 3-38.
    • (1997) Journal of Financial Intermediation , vol.6 , pp. 3-38
    • Cummins, J.D.1    Danzon, P.2
  • 10
    • 0030191255 scopus 로고    scopus 로고
    • Capital and risk in property-liability insurance markets
    • Cummins, J. D., and D. W. Sommer, 1996, Capital and Risk in Property-Liability Insurance Markets, Journal of Banking & Finance, 20:1069-1092.
    • (1996) Journal of Banking & Finance , vol.20 , pp. 1069-1092
    • Cummins, J.D.1    Sommer, D.W.2
  • 13
    • 0001470966 scopus 로고
    • Price regulation in property-liability insurance: A contingent-claims approach
    • Doherty, N. A., and J. R. Garven, 1986, Price Regulation in Property-Liability Insurance: A Contingent-Claims Approach, Journal of Finance, 41:1031-1050.
    • (1986) Journal of Finance , vol.41 , pp. 1031-1050
    • Doherty, N.A.1    Garven, J.R.2
  • 14
    • 84977329969 scopus 로고
    • Reinsurance under conditions of capital market equilibrium: A note
    • Doherty, N. A., and S. M. Tinic, 1981, Reinsurance Under Conditions of Capital Market Equilibrium: A Note, Journal of Finance, 36: 949-953.
    • (1981) Journal of Finance , vol.36 , pp. 949-953
    • Doherty, N.A.1    Tinic, S.M.2
  • 15
    • 0242267516 scopus 로고    scopus 로고
    • Survivor bonds: A comment on blake and burrows
    • Dowd, K., 2003, Survivor Bonds: A Comment on Blake and Burrows, Journal of Risk and Insurance, 70:339-348.
    • (2003) Journal of Risk and Insurance , vol.70 , pp. 339-348
    • Dowd, K.1
  • 17
    • 0031626506 scopus 로고    scopus 로고
    • Risk management, Capital budgeting, and capital structure policy for financial institutions
    • Froot, K. A., and J. C. Stein, 1998, Risk Management, Capital Budgeting, and Capital Structure Policy for Financial Institutions, Journal of Financial Economics, 47: 55-82.
    • (1998) Journal of Financial Economics , vol.47 , pp. 55-82
    • Froot, K.A.1    Stein, J.C.2
  • 18
    • 33644688491 scopus 로고    scopus 로고
    • World Wide Web: (accessed September 27, 2005)
    • German Insurance Association, 2004, Statistical Yearbook of German Insurance 2004, World Wide Web: http://www.gdv.de/Downloads/English/ GDV_StatYearb2004_Navig.pdf (accessed September 27, 2005).
    • (2004) Statistical Yearbook of German Insurance 2004
  • 19
    • 20444493205 scopus 로고    scopus 로고
    • Pricing double-trigger reinsurance contracts: Financial versus actuarial approach
    • Gründl, H., and H. Schmeiser, 2002, Pricing Double-Trigger Reinsurance Contracts: Financial Versus Actuarial Approach, Journal of Risk and Insurance, 69:449-468.
    • (2002) Journal of Risk and Insurance , vol.69 , pp. 449-468
    • Gründl, H.1    Schmeiser, H.2
  • 22
    • 0242306767 scopus 로고    scopus 로고
    • A finite difference approach to the valuation of path dependent life insurance liabilities
    • Jensen, B., P. L. Jørgensen, and A. Grosen, 2001, A Finite Difference Approach to the Valuation of Path Dependent Life Insurance Liabilities, The Geneva Papers on Risk and Insurance-Theory, 26:57-84.
    • (2001) The Geneva Papers on Risk and Insurance-Theory , vol.26 , pp. 57-84
    • Jensen, B.1    Jørgensen, P.L.2    Grosen, A.3
  • 23
    • 20744442319 scopus 로고    scopus 로고
    • Securitization of mortality risks in life annuities
    • Lin, Y., and H. C. Cox, 2005, Securitization of Mortality Risks in Life Annuities, Journal of Risk and Insurance, 72:227-252.
    • (2005) Journal of Risk and Insurance , vol.72 , pp. 227-252
    • Lin, Y.1    Cox, H.C.2
  • 25
    • 0037052454 scopus 로고    scopus 로고
    • Broken limits to life expectancy
    • Oeppen, J., and J. W. Vaupel, 2002, Broken Limits to Life Expectancy, Science, 296: 1029-1031.
    • (2002) Science , vol.296 , pp. 1029-1031
    • Oeppen, J.1    Vaupel, J.W.2
  • 26
    • 0011994739 scopus 로고    scopus 로고
    • Uncertainty in mortality projections: An actuarial perspective
    • Olivieri, A., 2001, Uncertainty in Mortality Projections: An Actuarial Perspective, Insurance: Mathematics and Economics, 29: 231-245.
    • (2001) Insurance: Mathematics and Economics , vol.29 , pp. 231-245
    • Olivieri, A.1
  • 28
    • 0040226156 scopus 로고    scopus 로고
    • Financial pricing of insurance in the multiple-line insurance company
    • Phillips, R. D., J. D. Cummins, and F. Allen, 1998, Financial Pricing of Insurance in the Multiple-Line Insurance Company, Journal of Risk and Insurance, 65:597-636.
    • (1998) Journal of Risk and Insurance , vol.65 , pp. 597-636
    • Phillips, R.D.1    Cummins, J.D.2    Allen, F.3
  • 29
    • 85011135999 scopus 로고    scopus 로고
    • Emergence of supercentenarians in low mortality countries
    • Robine, J. M., and J. W. Vaupel, 2002, Emergence of Supercentenarians in Low Mortality Countries, North American Actuarial Journal, 6: 54-63.
    • (2002) North American Actuarial Journal , vol.6 , pp. 54-63
    • Robine, J.M.1    Vaupel, J.W.2
  • 30
    • 9944266191 scopus 로고    scopus 로고
    • Rationing health care in the welfare state: Three policies
    • Schmidt, V. H., 2004, Rationing Health Care in the Welfare State: Three Policies, Journal of Health & Social Policy, 19: 57-76.
    • (2004) Journal of Health & Social Policy , vol.19 , pp. 57-76
    • Schmidt, V.H.1
  • 31
    • 0001269383 scopus 로고    scopus 로고
    • The impact of firm risk on property-liability insurance prices
    • Sommer, D. W., 1996, The Impact of Firm Risk on Property-Liability Insurance Prices, Journal of Risk and Insurance, 63:501-514.
    • (1996) Journal of Risk and Insurance , vol.63 , pp. 501-514
    • Sommer, D.W.1
  • 33
    • 11144325063 scopus 로고    scopus 로고
    • Épidémiologie et canicules: Analyses de la vague de chaleur 2003 en France
    • Valleron, A.-J., and A. Boumendil, 2004, Épidémiologie et canicules: Analyses de la vague de chaleur 2003 en France, Comptes Rendus Biologies, 327:1125-1141.
    • (2004) Comptes Rendus Biologies , vol.327 , pp. 1125-1141
    • Valleron, A.-J.1    Boumendil, A.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.