منابع مشابه
“the effect of risk aversion on the demand for life insurance: the case of iranian life insurance market”
abstract: about 60% of total premium of insurance industry is pertained?to life policies in the world; while the life insurance total premium in iran is less than 6% of total premium in insurance industry in 2008 (sigma, no 3/2009). among the reasons that discourage the life insurance industry is the problem of adverse selection. adverse selection theory describes a situation where the inf...
15 صفحه اولOptimal hedging of demographic risk in life insurance
A Markov chain model is taken to describe the development of a multi-state life insurance policy or portfolio in a stochastic economic-demographic environment. It is assumed that there exists an arbitrage-free market with tradeable securities derived from demographic indices. Adopting a mean-variance criterion, two problems are formulated and solved. First, how can an insurer optimally hedge en...
متن کاملOptimal Investment and Consumption Decision of Family with Life Insurance
We study an optimal portfolio and consumption choice problem of family that combines life insurance of parents who receive deterministic labor income until fixed time horizon T . We consider utility functions of parents and children separately and assumed that parents have uncertain lifetime. If parents die before T , children have no income and they choose the optimal consumption and portfolio...
متن کاملThe Pareto-optimal Design of Term Life Insurance Contracts
Numerous investigations have been directed toward aspects of rational life insurance purch&es and optimal coverage levels under differing conditions. Most of these studies have taken as "given" the design of life insurance contracts and have focused on optimal consumer responses to available insurance opportunities.' However, in works by Borch (1960, 1983), Arrow (1963, 1974) and Raviv (1979), ...
متن کاملthe test for adverse selection in life insurance market: the case of mellat insurance company
انتخاب نامساعد یکی از مشکلات اساسی در صنعت بیمه است. که ابتدا در سال 1960، توسط روتشیلد واستیگلیتز مورد بحث ومطالعه قرار گرفت ازآن موقع تاکنون بسیاری از پژوهشگران مدل های مختلفی را برای تجزیه و تحلیل تقاضا برای صنعت بیمه عمر که تماما ناشی از عدم قطعیت در این صنعت میباشد انجام داده اند .وهدف از آن پیدا کردن شرایطی است که تحت آن شرایط انتخاب یا کنار گذاشتن یک بیمه گزار به نفع و یا زیان شرکت بیمه ...
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ژورنال
عنوان ژورنال: The Geneva Papers on Risk and Insurance - Issues and Practice
سال: 1977
ISSN: 1018-5895,1468-0440
DOI: 10.1057/gpp.1977.11