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Soft Computing

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21.02.2022 | Mathematical methods in data science

Valuation of variable long-term care and limited hospitalization coverage benefits and two investment funds

verfasst von: Sara S. Moosavi, Amir T. Payandeh Najafabadi

Erschienen in: Soft Computing | Ausgabe 7/2022

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Abstract

Population aging along with rise of medical cost simultaneously increases popularity and uncertainty of healthcare products. To response such challenges, insurance companies try to design/introduce more and more advanced and innovative products. In this direction, this study combines some popular features of newly developed healthcare products and introduces a new long-term care product. More precisely, it improves a variable annuity product by (1) including benefits of: guaranteed lifelong withdrawal option, long-term care coverage and limited hospitalization coverage, and (2) improving the product investment fund from a single fund into two risk-free and risky funds. Theoretical foundation of the product and its fair value has been evaluated, and its practical application has been given through a simulation study.

Vorheriger Artikel An improved weighted sum-fuzzy Dijkstra’s algorithm for shortest path problem (iWSFDA)

Nächster Artikel De-noising of EEG signals with shift-based cycle spinning on wave atoms

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Titel: Valuation of variable long-term care and limited hospitalization coverage benefits and two investment funds
verfasst von: Sara S. Moosavi
Amir T. Payandeh Najafabadi
Publikationsdatum: 21.02.2022
Verlag: Springer Berlin Heidelberg
Erschienen in: Soft Computing / Ausgabe 7/2022
Print ISSN: 1432-7643
Elektronische ISSN: 1433-7479
DOI: https://doi.org/10.1007/s00500-022-06817-2

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