English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 95844/126434 (76%)
Visitors : 31592185      Online Users : 379
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    政大機構典藏 > 商學院 > 金融學系 > 期刊論文 >  Item 140.119/61701
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/61701

    Title: The Distributions of Policy Reserves Considering the Policy-Year Structures of Surrender Rates and Expense Ratios
    Authors: 蔡政憲;郭維裕;江彌修
    Tsai, Chenghsien;Kuo, Weiyu;Chiang, Derek Mi-Hsiu
    Contributors: 金融系
    Date: 2009.09
    Issue Date: 2013-11-19 17:46:54 (UTC+8)
    Abstract: In this article, we examine how the policy-year structures of expense ratios and surrender rates affect the distributions of policy reserves. Our results show that a convex expense ratio curve, though reduces the mean and the uncertainty of reserves, could make the beneficial impact of surrenders on insurers become detrimental. Our results also show that the convexity of the surrender rate curve is favorable to insurers while the volatilities of surrender rates are unfavorable. We further find that neglecting the policy-year structures of surrender rates and expense ratios may result in overestimation of the mean and the uncertainty of reserves.
    Relation: Journal of Risk and Insurance, 76(4),909-931
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1111/j.1539-6975.2009.01324.x
    DOI: 10.1111/j.1539-6975.2009.01324.x
    Appears in Collections:[金融學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    909931.pdf165KbAdobe PDF1009View/Open

    All items in 政大典藏 are protected by copyright, with all rights reserved.

    社群 sharing

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback