THE VALUATION OF LONGEVITY BOND AS A HEDGING INSTRUMENT FOR LIFE INSURANCE AND LIFE ANNUITIES WITH STOCHASTIC SHOCK OF MORTALITY (BERNOULLI PROCESS AND TRUNCATED NORMAL DISTRIBUTION)
Longevity bond is a financial instrument equipped with unique coupon payment structure, which enables the bond to give some hedging effects for life insurance and life annuities. The coupon payment structure is floating and the amount depends on the mortality rate during the bond contract. Hence...
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| Format: | Final Project |
| Language: | Indonesia |
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| Online Access: | https://digilib.itb.ac.id/gdl/view/34014 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |