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Showing 1 to 1 of 1 for “"Markovian regime-switching models"”.

  1. Annuity Product Valuation and Risk Measurement under Correlated Financial and Longevity Risks

    … and correlation on an annuity product. A regime-switching approach to address nonlinearity is embedded both in the Lee-Carter model for mortality rate modelling and prediction, and in the Vasicek model for capturing interest-rate movements. In the valuation and computation of risk measures …

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