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Searching for: researcher is "anders grosen & peter lochte jorgensen"

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The Bonus-crediting mechanism of Danish Pension and Life Assurance Companies
Bonus-crediting mechanism in relation to with-profits policies
Anders Grosen & Peter Lochte Jorgensen
Nov 2002 Denmark Investment - General
This paper develops and estimates a model for the bonus-crediting mechanism in relation to with-profits policies issued by Danish life insurance and pension companies. The market for pension and life insurance savings contracts is generally highly opaque but this proposed model explains a significant part of the variation in actual bonus distribution by Danish market participants. The main determinant of bonus policy is a measure of the degree of solvency which is constructed from a unique data set that contains information compiled from several public and non-public sources. The data set spans the ten year period from 1991 to 2000 and the model is estimated by way of maximum likelihood.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Nov 2002 or click here (this link will not work in all circumstances). For further information about Perspective click here.

EF074326   Click here to contact the authors.

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