| Volker Stieglitz | ||||||||||||
| Germany | ||||||||||||
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| Date: Thursday, March 21 |
Session: 75 |
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Life |
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Summary Which impact does a change in strategic asset allocation have on the product design ? The paper gives some answers to this question for german with - profit life assurance products. It uses an elementary Markowitz-type portfolio model for the assets and a simplified savings plan model for the liabilities. Because of their simplicity, the models may be discussed without any effort with non-actuaries and nevertheless demonstrate the basic effects in a qualitatively and quantitatively appropriate way. |
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