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| Content Provider | Springer Nature Link |
|---|---|
| Author | De Waegenaere, Anja Melenberg, Bertrand Stevens, Ralph |
| Copyright Year | 2010 |
| Abstract | Most of the western world has seen a steady increase in the average lifetime of its inhabitants over the past century. Although the past trends suggest that further changes in mortality rates are to be expected, considerable uncertainty exists regarding the future development of mortality. This type of uncertainty is referred to as longevity risk. This paper reviews the current state of the literature concerning longevity risk. First, we discuss the modeling of future mortality, including the Lee and Carter (J Am Stat Assoc 87:659–671, 1992)-approach, as well as other approaches. Second we discuss the importance of longevity risk for the solvency of portfolios of pension and life insurance products. Finally, we investigate possibilities for longevity risk management. In particular, we consider longevity risk management through securitization and/or pension and insurance (re)design. |
| Starting Page | 151 |
| Ending Page | 192 |
| Page Count | 42 |
| File Format | |
| ISSN | 0013063X |
| Journal | De Economist |
| Volume Number | 158 |
| Issue Number | 2 |
| e-ISSN | 15729982 |
| Language | English |
| Publisher | Springer US |
| Publisher Date | 2010-06-22 |
| Publisher Place | Boston |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | longevity risk risk quantification risk management Economics general |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics and Econometrics |
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