Participating life annuities incorporating longevity risk sharing arrangements
In this paper we develop a conceptual framework for the payout phase in which annuity providers and policyholders share longevity and investment risks in a flexible way. To be more precise, we develop an participating life annuity product in which systematic longevity risk, i.e., the risk associated...
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| Other Authors: | , |
| Format: | article |
| Language: | eng |
| Published: |
2012
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10174/6844 |
| Country: | Portugal |
| Oai: | oai:dspace.uevora.pt:10174/6844 |