Artikel
Interaction effects between dynamic hybrid products and traditional deferred annuities in the German life insurance market
Dynamic hybrid products emerged in 2007 and are now well established in the German life insurance market. In this article, we study interaction effects between dynamic hybrid products and traditional deferred annuity contracts, that are sold by the same insurance company. The key question we investigate is whether the presence of dynamic hybrid products has a negative effect on the payout of traditional insurance products. We do so by using data drawn from a Monte Carlo simulation that is based on a model presented in this article. These data reveal that dynamic hybrid products reduce the payment to policyholders of traditional deferred annuities via the channel of surplus participation.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Financial Markets and Portfolio Management ; ISSN: 2373-8529 ; Volume: 35 ; Year: 2021 ; Issue: 2 ; Pages: 193-224 ; New York, NY: Springer US
- Klassifikation
-
Wirtschaft
General Financial Markets: Government Policy and Regulation
Insurance; Insurance Companies; Actuarial Studies
- Thema
-
Life insurance
Guaranteed interest rates
Dynamic hybrid
Constant proportion portfolio insurance
Customer value
DTH product
Insurance regulation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Moretti, Nikolaj
Bartels, Johannes
- Ereignis
-
Veröffentlichung
- (wer)
-
Springer US
- (wo)
-
New York, NY
- (wann)
-
2021
- DOI
-
doi:10.1007/s11408-020-00367-z
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Moretti, Nikolaj
- Bartels, Johannes
- Springer US
Entstanden
- 2021
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