Table 3 Impact of the surrender rate on the insurer’s safety*.

From: The impact of war on insurer safety: a contingent claim model analysis

 

\((R(\% ),\;L_C)\)

\(\phi (\% )\)

(2.75, 307)

(3.00, 323)

(3.25, 334)

(3.50, 341)

(3.75, 345)

(4.00, 347)

(4.25, 348)

 

\(dq/d\phi \;\;(10)^{ - 4}\)

0.46 → 1.00

-

2.8631

2.8608

2.8652

2.8732

2.8793

-

1.00 → 1.50

-

2.9428

2.9559

2.9714

2.9867

2.9965

-

1.50 → 2.00

-

3.0153

3.0452

3.0731

3.0967

3.1104

-

2.00 → 2.50

-

3.0835

3.1322

3.1741

3.2070

3.2254

-

2.50 → 3.00

-

3.1465

3.2161

3.2738

3.3174

3.3409

-

3.00 → 3.50

-

3.2031

3.2957

3.3714

3.4272

3.4566

-

  1. *See Table 3. The bold values represents the value evaluated at the optimal guaranteed rate.
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