Risk Neutral vs Real World Calibration

access_time 2024-01-17T05:58:54.318Z face Kamal Sardana
Risk Neutral vs Real World Calibration Calibration: calibration often refers to the process of adjusting the parameters of a financial model to match real-world market data. For example, when using an option pricing model like the Black-Scholes model, one may calibrate the model by adjusting parame...

Variable Annuity - Part 2

access_time 2023-12-11T05:29:59.746Z face Kamal Sardana
Variable Annuity - Charges and Riders: Part 2 Variable Annuity Charges These charges will reduce the value of your account and the return on your investment Surrender Charges: If you withdraw money from a variable annuity within a certain period after a purchase payment (typically within six to eig...

Variable Annuity: Part 1

access_time 2023-12-09T05:46:44.237Z face Kamal Sardana
Variable Annuity: A Comprehensive Guide - Part 1 Define Variable Annuity A variable annuity is a contract between policyholder and an insurance company under which the insurer agrees to make periodic payments to you, beginning either immediately or at some future date. You purchase a variable annui...

IFRS 17 Part-1

access_time 2023-12-02T11:56:12.259Z face Kamal Sardana
IFRS 17 Part-1 Let's dive deep into this International Financial Reporting Standards for Insurance Contracts IFRS 17 is a new accounting standard that entities are expected to apply for reporting periods beginning on or after 1 January 2023 (though earlier application is permitted). An accounting s...

General Insurance Technical Glossary

access_time 2023-09-30T13:57:19.796Z face Kamal Sardana
General Insurance Technical Glossary Average Gross premium Gross premium / number of exposures Average net premium Net premium / Number of exposures Average Sum insured Total sum insured / Number of exposures Allocated loss adjustment expenses(ALAE) Correspond to those costs that the insurer is abl...
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