Congratulations Charlotte Skovgaard Kjærulff on winning the award for best master’s thesis

Congratulations Charlotte Skovgaard Kjærulff on winning the award for best master’s thesis

January 28, 2020

We are happy and proud to announce that our Analyst, Charlotte Skovgaard Kjærulff, yesterday received this year’s Finans Danmark award for best Master’s thesis within investment and finance.

The thesis goes under the title: Discounting into Solvency. It is a critical study of the Solvency II regulatory term structure of risk-free interest rates for European life insurance and pension liabilities. It shows that the term structure under Solvency II tends to underestimate the technical provisions relative to its alternatives consistently, following from the implementation instructions mandated by EIOPA.

The thesis suggests how these instructions can be modified to increase the degree of market consistency in the valuation, but it may come at the cost of adverse effects on the risk profile of L&P companies.

Learn more about the award (in Danish)
For further information, please contact Charlotte Skovgaard Kjærulff