We rely on long-term care insurance in a multiple state framework. The optimal hedge level for each de-risking strategies is computed, respectively, by minimizing the total cost of the de-risking strategy under the Conditional Value-at-Risk (CVaR) constraint on the total unfunded liabilities ...
Partnering to build responsible prosperity for the long term Cobepa is an independent, privately-held investment company, offering a supportive partnership and a stable capital base to companies. Cobepa is an independent, privately-held investment company, ...