国家数学与交叉科学中心合肥分中心报告会

报告题目：Introduction to Variable Annuity and its Risk Management

报 告 人：林小东（加拿大多伦多大学）

时    间：1月8日（星期二）下午4:30―5:30

地    点：管理科研楼1518室

摘    要：Variable annuities (VA) are equity-linked annuity contracts which allow policyholders to participate in financial markets and at the mean time provide protection from the downside risks of the markets. Variable annuities have been overshadowing traditional fixed annuities to become the leading form of protected investment worldwide. Recently, the China Insurance Regulatory Commission issued a directive that allows selected insurance companies to underwrite and issue VA contracts. It is expected that the sales of VA contracts in China will increase significantly in the near future as experienced in other countries.
In this presentation, I will begin with an overview of the North American life insurance market, followed by a general description of variable annuities and embedded minimum guarantees.  I will then use a so-called return of premium guarantee to illustrate the financial risks associated with the guarantee and how to reduce the risks using simple mathematical tools.

林小东教授简介：加拿大多伦多大学教授, 厦门大学精算中心主任,长江学者.

主办单位：中国科学技术大学数学科学学院
          国家数学与交叉科学中心合肥分中心
 
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