What is wrong with the chain ladder technique(?)

The title is both a statement and a question, and in the talk you will find a list of things that are wrong with the chain ladder technique but also a question asking whether it is so bad after all.

Updated: 22/09/2011
Comments:
Views: 15,550

Equity market integration in Balkan emerging markets

Author(s):

Nikos Paltalidis

Topic:
Finance
Industry:
Banking

This paper examines dynamics in the relationship between five major Balkan emerging stock markets (Turkey, Romania, Bulgaria, Croatia, Serbia), European developed stock markets (UK, Germany, Greece) and the United States.

Updated: 29/09/2011
Comments:
Views: 4,287

Yield curve estimation by Kernel smoothing methods

Author(s):

Jens Nielsen

 et al.
Topic:
Finance
Industry:
Banking

We introduce a new method for the estimation of discount functions, yield curves and forward curves from government issued coupon bonds. Our approach is nonparametric and does not assume a particular functional form for the discount function although we do show how to impose various restrictions in the estimation.

Updated: 22/09/2011
Comments:
Views: 4,265

Default funds in UK defined-contribution plans

Most defined-contribution (DC) pension plans give members a degree of choice as to the investment strategy for their contributions.

Updated: 22/09/2011
Comments:
Views: 3,818

There's no time like the present: the cost of delaying retirement saving

Many people delay joining a pension plan until well into their working lives. We use a stochastic simulation model to show the cost of this delay in terms of the higher pension contributions that must eventually be paid to ensure an adequate retirement income. We find the levels of contributions required for individuals who start saving late are so high it is questionable whether they are affordable for anyone not on a high income. We also analyse the cost in terms of reduced pension of an interrupted labour market history, such as that experienced by someone who leaves work for a period to bring up a family.

Updated: 22/09/2011
Comments:
Views: 3,841

Default funds in UK-defined contribution pension plans

We analyse the range of default funds offered by UK 'stakeholder' DC plans, which by law must offer a default fund.

Updated: 22/09/2011
Comments:
Views: 7,251