Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 31 for “"Annuities"”.
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Basis Risk in Variable Annuities
… for the associated transaction costs. Variable annuities are personal savings and investment products with long-term guarantees that expose life insurers to extensive financial risks. Liabilities associated with VA guarantees are the largest liability component faced by U.S. life insurers and …
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Retirement Annuities: Optimization, Analysis and Machine Learning
… DIA purchasing map. With Cash Refund Income Annuities (CRIA) gaining traction quickly over the past few years, the literature is growing in the area of price sensitivity and its viability when viewed through the lens of key pricing parameters, particularly insurance loading. To that end, we …
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Life Annuities under Random Rates of Interest.
… the accumulated value functions of some annuities-certain. We then investigate the accumulated value of these annuities where the interest is a random variable under some restrictions. Calculations are derived for the expected value and the variance of these accumulated values and present …
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The Land Annuities Agitation in Ireland 1926-32
The abstract is included in the text.
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Hedging Cost Analysis of Put Option with Applications to Variable Annuities
Variable annuities (VA) are equity-linked annuity contracts which provide the opportunity for policy-holders to benefit from financial markets appreciation and at the mean time provide protection from the downside risks of the markets. They have been overshadowing traditional fixed annuities to …
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A Pathway to Financial Stability in Retirement? Annuities and Consumers Preferences
In this thesis, we attempt to determine the nature and degree of consumers’ inhibitions to annuitization. We find potential answers under both the rational frame and what appear to be psychologically induced behavioral biases to what would otherwise be an unimpeded valuation of the product, the …
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Stochastic analysis of longevity and investment risk in the context of life annuities
… effect oflongevity risk in the context of life annuities. It develops different tools and frameworks to measure this risk as a step to facilitate the risk management oflongevity risk. Particular attention is directed to stochastic modelling which allows the uncertainty of future projections to …
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Stochastic modeling of performance-based annuities: increasing gene therapy accessibility by managing the uncertainty of costs and treatment value
… and manufacturing costs. Performance-based annuities may provide a solution. Although some qualitative studies on performance-based annuities exist, quantitative ones are limited. This thesis provides a basis for quantitatively examining the implications of performance-based annuities and …
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Experiences of older beneficiaries of private medical aid schemes and retirement annuities for the development of healthy ageing models
… of private medical aid schemes and retirement annuities. Its main research question is: What motivates, challenges and concerns older research participants when it comes to maintaining their good health and financial well-being? Its research objective is to place these lived experiences within …
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The impact of behavioral factors on annuitisation decisions and decumulation strategies
… the investigation of the low demand of immediate annuities by considering behavioral models; and the use of annuity products in optimal decumulation strategy designs. This thesis has two major contributions. First, both Cumulative Prospect Theory (CPT) and Hyperbolic discount model can explain the …
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Optimal asset allocation and annuitisation in a defined contribution pension scheme
… investigate a pensioner’s gains from access to annuities. We observe a pensioner aged 65, having constant income from social security, having certain amount of pension wealth at age 65. The pensioner optimally decides each year how much of his available assets to consume, to invest into tradable …
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Retirement income, bequests, and insurance : implications of mortality risk in a stochastic life cycle model
… is composed of four studies on the role of annuities and life insurance in the portfolios of elderly households. It has long been known in the economics literature that annuities should be of substantial value in the portfolios of retired individuals. However, outside of private pension …
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Essays on insurance markets
… In a two risk-type market for retirement annuities, market efficiency requires that either all annuities purchased will provide declining real income streams or else all will provide rising income streams. Chapters 2 and 3 examine the consequences of regulations which restrict the use of …
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Modelling mortality heterogeneity using health trajectories and multimorbidity
… that can improve the design and demand of annuities and other longevity linked products. Deriving mortality risk profiles using the clustering of health trajectories and unsupervised machine learning algorithms is seldomly investigated in the literature. The first project in this thesis …
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Three essays on consumer finance
… such as employer provided pensions and private annuities, are biased downward. The third chapter studies the purchase of annuities by retirees in Chile's privatized social security system. It is authored jointly with Gaston Illanes, of Northwestern University Department of Economics. Chile has …
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ANALYSIS OF FACTORS INFLUENCING THE PARTICIPATION RATE OF ENTERPRISE ANNUITY
… is to increase the rate of return of enterprise annuities. On the other hand, it is to increase the participation rate of enterprise annuities. In order to improve the participation rate of enterprise annuity, it is of great significance to solve the problem of insufficient funds of enterprise …
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Surrogate Model Assisted Nested Simulation with Applications to Variable Annuity Portfolio Valuation and Hedging
Variable annuities (VAs) are equity-linked annuities with embedded investment guarantees. Their long-term security and tax deferred features have made them one of the major insurance products in the world. Nowadays, many insurance companies are managing large VA portfolios that contain hundreds of …
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