Svein-Arne Persson





+47 55 95 95 47


+47 55 95 95 43


Professor, Dr. oecon., NHH 1994



Teaching languages:

Norwegian, English

Teaching areas:
  • Finance

  • Economics of Insurance

Research areas:
  • Security design

  • Debt allocation

  • Valuation of Multi-Period Interest Rate Guarantees

  • Unit-Linked Life Insurance

Selected publications:
  • "Credit Risk and Asymmetric Information: A Simplified Approach", Journal of Economics Dynamics and Control, forthcoming (with Snorre Lindset and Arne-Christian Lund).

  • Level dependent annuities: Defaults of multiple degrees, Journal of Financial and Quantitative Analysis, 45(5), 1311-1339, 2010 (with Aksel Mjøs).

  • A simple model of deferred callability in defaultable debt, European Journal of Operational Research, 207(3), 1350-1357, 2010 (with Aksel Mjøs).

  • Callable risky perpetual debt with protection period, European Journal of Operational Research, 207(1), 391-400, 2010 (with Aksel Mjøs).

  • Continuous monitoring: Does Credit Risk Vanish?, ASTIN Bulletin, Vol. 39 (2), pp. 577-589, 2009 (with S. Lindset).

  • A note on barrier options: The World's Simplest Option Formula, Finance Research Letters, vol 3, no 3, pp 207-211, 2006 (with S. Lindset).

  • Guaranteed Investment Contracts: Distributed and Undistributed Excess Return, Scandinavian Actuarial Journal, no. 4, 2003, 257-279. (with Kristian R. Miltersen).

  • New Econ for Life Actuaries, ASTIN Bulletin, vol. 33, no. 2, 2003, pp. 117-122 (with Knut K. Aase).

  • Design and pricing of Equity-Linked Life Insurance under Stochastic Interest Rates, Journal of Risk Finance, vol. 3, no. 2, pp 6-21, 2002 (with A. R. Baccinello).

  • Optimal Hedging of Contingent Exposure: The Importance of a Risk Premium, Journal of Futures Markets, vol. 20, no. 9, October 2000, pp. 823-41 (with Tørres Trovik).

  • Pricing Rate of Return Guarantees in a Heath-Jarrow-Morton Framework, Insurance: Mathematics and Economics, vol. 25, no. 3, December 1999, pp. 307-25 (with Kristian R. Miltersen).

  • Stochastic Interest Rate in Life Insurance: The Principle of Equivalence Revisited, Scandinavian Actuarial Journal, no. 2, pp 97-112, 1998.

  • Valuation of the Minimum Guaranteed Return Embedded in Life Insurance Products, Journal of Risk and Insurance, vol. 64, no. 4, December 1997, pp. 599-617 (with Knut K. Aase).

  • Exotic Unit-Linked Life Insurance Contracts, Geneva Papers on Risk and Insurance Theory, vol. 21, no. 1, June 1996, pp. 35-63 (with Steinar Ekern).

  • Pricing of Unit-Linked Life Insurance Policies, Scandinavian Actuarial Journal, no. 1, pp 26-52, 1994 (with Knut K. Aase).

  • Valuation of a Multistate Life Insurance Contract with Random Benefits, Scandinavian Journal of Management, vol. 9, pp S73-S86, 1993.

Working papers:

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