Different kinds of index linkage are explored. A particularly useful innovation was to adjust benefits, premiums and reserve to the same rate. This rate was determined by the resources of the life company (surplus in yield on investments, undervaluation of assets, etc.). Compared with other index systems, which mainly increase only the benefits, this form generates all the time new business, because also the premiums are increasing automatically.
|Artikkelin otsikko||Linking life and private pension insurance to the price index|
|Keywords||index linkage, life insurance|
|Kongressi||International Congress of Actuaries, Munich, 1968|