Centro de Documentacion de Fundación MAPFRE

MAP20200033950

Residential reflections / Guy Thomas

Sumario: If the general level of house prices falls a long way, policymakers may introduce new policies that seek to support prices. In a recent paper in Annals of Actuarial Science, Valuation of nonegative-equity guarantees with a lower reflecting barrier', I model the effect of such interventions on the valuation of no negative equity guarantees (NNEG) in equity release mortgages. The key point is that assuming a reflecting barrier even as much as 50% below today's prices can substantially reduce the value of NNEGs

En: The Actuary : the magazine of the Institute & Faculty of Actuaries. - London : Redactive Publishing, 2019-. - 01/10/2020 Número 9 - octubre 2020 , p. 24-27

1. Política económica . 2. Modelos actuariales . 3. Mercado inmobiliario . 4. Cálculo actuarial . I. Título.