| Peter Albretch | |||||||||
| Germany | |||||||||
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Financial Risk |
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Summary The present paper at first develops a new approach (risk adjusted biometrical returns of insurance products) for assessing the performance of life insurance products from a buyers perspective, which considers biometrical benefits on one hand and investment benefits on the other as well as all product costs.On this basis a new methodology (risk adjusted biometrical returns of insurance and investment products) for comparing life insurance and investment products is developed, which is able to consider the core benefit of insurance products (taking over biometrical risks) as well as to consider different levels of investment risk. As a result, a consistent and comprehensive comparison of life insurance and investment products is achieved. Empirical examples demonstrate the proposed methodology. |
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