Results 281 to 290 of about 1,377,161 (326)

Individual post-retirement longevity risk management under systematic mortality risk

Insurance: Mathematics and Economics, 2013
Abstract This paper analyzes an individual’s post-retirement longevity risk management strategy allowing for systematic longevity risk, recent product innovations, and product loadings. A complete-markets discrete state model and multi-period simulations of portfolio strategies are used to assess individual longevity insurance product portfolios with
Katja Hanewald, John Piggott, Michael Sherris   +2 more
openaire   +1 more source

Optimal Longevity Risk Transfer and Investment Strategies

North American Actuarial Journal, 2020
Given the rising cost of maintaining defined benefit pensions, there has been a surge of activities in recent years by defined benefit plan sponsors to transfer their pension risk through strategies such as buy-ins and buy-outs.
Samuel H. Cox, Yijia Lin, Sheen X. Liu
semanticscholar   +1 more source

Risk Management for Mitigating Benchmark Failure Modes: BenchRisk

arXiv.org
Large language model (LLM) benchmarks inform LLM use decisions (e.g.,"is this LLM safe to deploy for my use case and context?"). However, benchmarks may be rendered unreliable by various failure modes that impact benchmark bias, variance, coverage, or ...
Sean McGregor, Victor Lu, Vassil Tashev, A. Foundjem, A. Ramasethu, Sadegh AlMahdi Kazemi Zarkouei, Chris Knotz, Kongtao Chen, Alicia Parrish, Anka Reuel, Heather Frase   +10 more
semanticscholar   +1 more source

Modeling Longevity Risk in Pension Funds Using Population Dynamics in Canada

Journal of Statistics and Actuarial Research
Purpose: The aim of the study was to analyze the modeling longevity risk in pension funds using population dynamics in Canada. Methodology: This study adopted a desk methodology.
Ava Martin
semanticscholar   +1 more source

The Challenge of Managing Longevity Risk

2005
It is primarily longevity risks which are borne by pension, annuity and long-term care products. The demand for such products has been increasing rapidly, leading to rising concerns about how longevity risks should be properly managed. Difficulties in making long-term forecasts for life expectancies, adverse selection, shortsightedness, and moral ...
Petra Riemer-Hommel, Thomas Trauth
openaire   +1 more source

Green Nested Simulation via Likelihood Ratio: Applications to Longevity Risk Management

Insurance, Mathematics & Economics, 2022
B. Feng, J. S. Li, K. Zhou
semanticscholar   +1 more source

Managing Longevity Risk – The Case for Longevity-Indexed Variable Expiration (LIVE) Bonds

SSRN Electronic Journal, 2018
There is an annuity puzzle in that despite the welfare gains to individuals and society from consumers purchasing annuities, the actual allocation to these instruments by individuals is very low. Many explanations have been provided including adverse selection, complexity and inflexibility of the annuity contract, bequest motive etc.
openaire   +1 more source

Longevity Risk Management: Designing Pension Solutions

As life expectancy rises, retirement systems face longevity risk, where individuals may outlive their savings. This thesis develops innovative pension solutions to manage longevity risk and enhance retirement security. I use actuarial and statistical methods to design an improved annuity-based retirement income product that optimally shares risk ...
openaire   +1 more source

STRATEGIES FOR MANAGING LONGEVITY RISK IN RETIREMENT PLANS

2006
In our work we study the problem of Longevity Risk management and particular interest is given to “revaluating” life annuities. We propose a life annuity model where the payout payment changes dynamically in relation to the fluctuations in the investment return and to the actual mortality trends. The model proposed is effective because, at every annual
ANGRISANI M, DI PALO, Cinzia
openaire   +2 more sources

Challenges and Solutions for the Management of Longevity Risk

2000
It is primarily longevity risks which are borne by pension, annuity and long-term care products. The demand for such products has been increasing rapidly, leading to rising concerns about how longevity risks should be properly managed Difficulties in making long-term forecasts for life expectancies, adverse selection, shortsightedness, and moral hazard
Petra Riemer-Hommel, Thomas Trauth
openaire   +1 more source