{"title":"Technical Note on Profit Sharing and Market-Consistent Embedded Value in German Life Insurance","authors":"Christian Wiehenkamp","doi":"10.2139/ssrn.1869967","DOIUrl":null,"url":null,"abstract":"This technical note highlights the functioning of the profit sharing mechanism of life insurance products using the example of classical German life contracts. The profit sharing and guarantee features of these contracts are potentially very costly from a capital requirements perspective, making an understanding of the technical payout profile and reporting properties vital for a proper discussion of the Solvency II impact on product design.","PeriodicalId":29865,"journal":{"name":"Connecticut Insurance Law Journal","volume":null,"pages":null},"PeriodicalIF":0.4000,"publicationDate":"2011-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Connecticut Insurance Law Journal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.1869967","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"LAW","Score":null,"Total":0}
引用次数: 1
Abstract
This technical note highlights the functioning of the profit sharing mechanism of life insurance products using the example of classical German life contracts. The profit sharing and guarantee features of these contracts are potentially very costly from a capital requirements perspective, making an understanding of the technical payout profile and reporting properties vital for a proper discussion of the Solvency II impact on product design.
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