Abstract
The following Chaps. 6–8 focus on two phases of the RM process, that is, on risk assessment and impact assessment. Numerical results basically consist of the output of different modeling approaches and assumptions on the scenarios. These results may be delivered by an actuary to the risk managers who will use them for an appropriate choice of RM actions.
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Notes
- 1.
The advanced life delayed annuity (briefly, ALDA) has been proposed by Milevsky (2005).
- 2.
As is well known, an accumulation-decumulation product with features quite similar to those expressed by the GAO caused the demise of the Equitable Life Assurance Society of London.
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Pitacco, E. (2020). Product Design: Guarantees and Options. In: ERM and QRM in Life Insurance. Springer Actuarial(). Springer, Cham. https://doi.org/10.1007/978-3-030-49852-8_5
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DOI: https://doi.org/10.1007/978-3-030-49852-8_5
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