The FEniCS Project set out in 2003 with an idea to automate the solution of mathematical
models based on differential equations. Initially, the FEniCS Project consisted of two …

Low interest rates are becoming a threat to the stability of the life insurance industry,
especially in countries such as Germany, where products with relatively high guaranteed …

This book deals with the numerical analysis and efficient numerical treatment of high-
dimensional integrals using sparse grids and other dimension-wise integration techniques …

Within the European Union, risk-based funding requirements for insurance companies are
currently being revised as part of the Solvency II project. However, many life insurers …

We compare the regulatory environment for the maximum technical interest rate of life
insurance contracts in four European countries and the United States. In Germany, Austria …

The valuation of life insurance contracts using concepts from financial mathematics has
recently attracted considerable interest in academia as well as among practitioners. In this …

New regulations and a stronger competition have increased the importance of stochastic
asset–liability management (ALM) models for insurance companies in recent years. In this …

Proper pricing and risk assessment of implicit options in life insurance contracts has gained
substantial attention in recent years, which is reflected in a growing literature in this field. In …

Fair pricing of embedded options in life insurance contracts is usually conducted by using
risk‐neutral valuation. This pricing framework assumes a perfect hedging strategy, which …

Abstract Within the European Union, risk-based funding requirements for life insurance
companies are currently being revised as part of the Solvency II project. However, many …