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From Benefits To Guarantees


From Benefits To Guarantees
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From Benefits To Guarantees


From Benefits To Guarantees
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Author : Ermanno Pitacco
language : en
Publisher:
Release Date : 2013

From Benefits To Guarantees written by Ermanno Pitacco and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.


Many modern insurance products are designed as packages, whose items may be either included or not in the product actually purchased by the client. For example: the endowment insurance which can include various rider benefits and options, the Universal Life insurance, the Variable Annuities, the presence of possible LTC benefits in pension products.The benefits provided by these products imply a wide range of 'guarantees' and hence risks borne by the insurance company (or the pension fund). Guarantees and inherent risks clearly emerge in recent scenarios, in particular because of volatility in the financial markets and trends in mortality/longevity. Appropriate modeling tools are then needed for pricing and reserving. Hence, a progressive shift from expected present values, and their prominent role in life insurance (and pension) calculations, to more modern and complex approaches, viz the Enterprise Risk Management based approach, is currently updating the actuarial toolkit.However the implementation of complex mathematical methods often constitutes, on the one hand, an obstacle on the way towards sound pricing and reserving principles. On the other hand, facing the risks by charging very high premiums trivially reduces the insurer's market share. Then, alternative solutions can be suggested by an appropriate product design which aims at sharing risks between the insurer and the policyholders. Interesting examples are provided by the design of life annuities as regards the longevity risk, and by profit participation mechanisms as regards the financial market risks.



Social Security Benefits And The Language Of Guarantees


Social Security Benefits And The Language Of Guarantees
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Author :
language : en
Publisher:
Release Date : 2000

Social Security Benefits And The Language Of Guarantees written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Postemployment benefits categories.




Your Pension Guarantee


Your Pension Guarantee
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Author :
language : en
Publisher:
Release Date :

Your Pension Guarantee written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with Pensions categories.




Creating And Enforcing Corporate Guarantees


Creating And Enforcing Corporate Guarantees
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Author : Miriam H. Kanter
language : en
Publisher:
Release Date : 1993

Creating And Enforcing Corporate Guarantees written by Miriam H. Kanter and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Corporations categories.




Government Guarantees


Government Guarantees
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Author : Timothy Irwin
language : en
Publisher: World Bank Publications
Release Date : 2007

Government Guarantees written by Timothy Irwin and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.


The book considers when governments should give guarantees to private investors. After describing the history of guarantees, and the challenges the politics and psychology create for good decisions, the book sets out a principles for allocating risk (and therefore guarantees), techniques for valuing guarantees, and rules to encourage good decisions.



Banks Vs Firms


Banks Vs Firms
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Author : Alberto Martin
language : en
Publisher:
Release Date : 2023

Banks Vs Firms written by Alberto Martin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.




Credit Guarantees


Credit Guarantees
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Author : Michael Gudger
language : en
Publisher: Food & Agriculture Org.
Release Date : 1998

Credit Guarantees written by Michael Gudger and has been published by Food & Agriculture Org. this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Political Science categories.


The problem of collateral is a daily issue for lenders and causes much debate in the development finance community. Given the difficulties experienced in arranging traditional forms of loan security, such as land or chattel mortgages, various collateral substitutes have been proposed. Among the substitutes for traditional collateral is the loan guarantee. Guarantee systems for loans have been proposed, planned and implemented in various countries. The assumption made by proponents of such a service is that the guarantee organization is either better informed about the risk of the loan than the lender or it is better structured financially to be able to manage the risk. Despite the apparent attractiveness of a loan guarantee, the empirical evidence available gives little encouragement. Nevertheless, interest in guarantees continues.



The Benefits Of Tea 21 Funding Guarantees


The Benefits Of Tea 21 Funding Guarantees
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Author : Jeffrey A. Parker
language : en
Publisher:
Release Date : 2002

The Benefits Of Tea 21 Funding Guarantees written by Jeffrey A. Parker and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Transportation categories.




How To Strengthen The Management Of Government Guarantees


How To Strengthen The Management Of Government Guarantees
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Author : International Monetary Fund. Fiscal Affairs Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2017-10-19

How To Strengthen The Management Of Government Guarantees written by International Monetary Fund. Fiscal Affairs Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-19 with Business & Economics categories.


This note highlights commonly observed weaknesses in the management of government guarantees, good practices, and measures governments could take to strengthen: (i) the evaluation of guarantee proposals; (ii) the quantification of risks arising from guarantees and their mitigation; and (iii) the budgeting, accounting, monitoring, and disclosure of guarantees.



Health Benefits Guarantees In Latin America


Health Benefits Guarantees In Latin America
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Author : Ana Sojo
language : en
Publisher: United Nations Publications
Release Date : 2006

Health Benefits Guarantees In Latin America written by Ana Sojo and has been published by United Nations Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Medical categories.


This study considers the introduction of health benefits guarantees in highly underdeveloped health systems, analyzing with more detail the case of Guatemala and briefly, Bolivia. Afterwards, a thorough analysis of Chile is done, showing how the health guarantees imply a partial overcome of the fundamental duality of the health system. Finally, the recent experience of the popular health insurance in Mexico is considered.