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Caravan

RRP $15.99

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While journeying by caravan from Tibet to India, the young reader comes face to face with dangers ranging from bandits to the Abominable Snowman and encounters the mysterious secrets of the ages.

Implicit Embedded Options In Life Insurance Contracts

RRP $338.99

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This book presents a market-consistent valuation framework for implicit embedded options in life insurance contracts. This framework is used to perform an empirical analysis based on more than 110,000 actual and in-force life insurance policies and with a focus on the modeling of interest rates. Its results are the answer to the central question posed in the objectives: What value do the embedded options and guarantees considered have? This question is answered both absolutely and relative to the current policy reserves, from the perspective of the insurer, the policyholder and the shareholder respectively

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