Tag: Insurance, Mortality, Demography, Risk Management
Analytic GMIB valuation was faster than Monte Carlo simulation
Framework for valuing guaranteed minimum income benefits in variable annuities using numéraire transformation; achieves 99% computational time reduction versus Monte Carlo simulation.
Spatial modification improved mortality-rate model fit
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in DemographySpatial modification of the Lee-Carter mortality model using cluster detection methods improves forecasting accuracy by capturing age-time patterns that conventional approaches miss.
XGBoost predicted healthy aging in older adults
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in GerontologyCohort study utilizing All of Us data identifies health insurance type as the primary predictor of healthy aging among older adults using machine learning models.
Long-term care insurance increases parent-to-child financial support
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LTCI in China increases parental financial support to adult children, with stronger effects in low-income households, reshaping family dynamics beyond health outcomes.
Health prevention is linked to lifetime portfolio choices
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in FinanceFramework integrating preventive health spending and portfolio optimization to maximize lifetime utility, showing how health investments reduce mortality risk and interact with wealth decisions.
Correlated regime-switching raises guaranteed annuity option prices
Learn how regime-switching models and correlated risks improve guaranteed annuity option valuation, providing insurers with accurate pricing and enhanced risk management frameworks.
