Abstract: In this paper we propose to assess the biometric risk involved in a life annuity portfolio under the new solvency directive. In particular, a biometric scenario generator is developed to derive a distribution of the insurer’s liabilities useful for the solvency capital estimation. Then, gender-specific implicit longevity shocks are deduced in a marginal nested simulation context consistent with the Solvency II general principle. These shocks that are specified by age and maturity are proved to be less conservative than the unique permanent standard longevity stress what causes significant capital savings.

• Publication Date: 03-Aug-2014
• DOI: 10.15224/978-1-63248-007-1-76
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Abstract: The study aims to project the impact of livelihood contributions of forest resources to the tribal community of Jharkhand. The paper contributes towards the change in social life of tribal community in perspective of economic and social aspects. Forest produces providing the supplementary livelihood opportunity for accessing food security during their food insecurity period due to mono-cropping pattern followed in Jharkhand. Traditionally community has been involved in collection and trading of these forest produces for filling their needs but they have been exploited and these primary collectors of the produce do not get fair price as per the quality of the produce.More over with the poor marketing infrastructure wherein lack of both availability and access to storage facilities compels them to sell off their produce to the first market contact that is generally the haat or the petty trader. Forests in Jharkhand spreads over an area of 23605 square kilometers, which constitutes about

• Publication Date: 03-Aug-2014
• DOI: 10.15224/978-1-63248-007-1-77
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• Downloads: 0