Svein-Arne Persson


E-mail:	Svein-Arne.Persson@nhh.no
Telephone:	+47 55 95 95 47
Fax:	+47 55 95 96 50
Title:	Professor, Dr. oecon., NHH 1994
Date of birth:	31.12.1964
Nationality:	Norwegian
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:	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). 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). 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). 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).

Working papers:	On the Pricing of Performance Sensitive Debt, Discussion Paper 2011/5, NHH, Department of Finance and Management Science (with Aksel Mjøs and Tor Åge Myklebust). A Model of Deferred Callability in Defaultable Debt, Discussion Paper 2009/4, NHH, Department of Finance and Management Science (with Aksel Mjøs).