文章基本信息

标题：Longevity Risk and Capital Markets: The 2008-2009 Update
本地全文：下载
作者：David Blake ; Anja De Waegenaere ; Richard McMinn 等
期刊名称：Discussion Paper / The Pensions Institute
印刷版ISSN：1367-580X
出版年度：2009
卷号：2009
出版社：Pensions Institute
摘要：Mortality improvements around the world are putting more pressure on governments, pension funds, life insurance companies as well as individuals to deal with the longevity risk they face. At the same time, capital markets can, in principle, provide vehicles to hedge longevity risk effectively. Many new investment products have been created both by the insurance/reinsurance industry and by the capital markets. Mortality catastrophe bonds are an example of a successful insurance-linked security. Some new innovative capital market solutions for transferring longevity risk include survivor bonds, reverse mortgages, longevity-linked swaps and mortality (or q-) forward contracts. The aim of the International Longevity Risk and Capital Markets Solutions Conferences is to bring together academics and practitioners from all over the world to discuss and analyze these exciting new developments.