Risk analysis of mortality improvement : the case of chinese annuity markets

<?xml version="1.0" encoding="UTF-8"?><modsCollection xmlns="http://www.loc.gov/mods/v3" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-8.xsd">
<mods version="3.8">
<titleInfo>
<title>Risk analysis of mortality improvement</title>
<subTitle> : the case of chinese annuity markets</subTitle>
</titleInfo>
<name type="personal" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080646790">
<namePart>Ostaszewski, Krzysztof M.</namePart>
<nameIdentifier>MAPA20080646790</nameIdentifier>
</name>
<name type="personal" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080646806">
<namePart>Wang, Yuling</namePart>
<nameIdentifier>MAPA20080646806</nameIdentifier>
</name>
<typeOfResource>text</typeOfResource>
<genre authority="marcgt">periodical</genre>
<originInfo>
<place>
<placeTerm type="code" authority="marccountry">esp</placeTerm>
</place>
<dateIssued encoding="marc">2008</dateIssued>
<issuance>serial</issuance>
</originInfo>
<language>
<languageTerm type="code" authority="iso639-2b">spa</languageTerm>
</language>
<physicalDescription>
<form authority="marcform">print</form>
</physicalDescription>
<abstract displayLabel="Summary">China has experienced significant improvement in longevity (commonly referred to as mortality improvement) since the late 1930s. The rate of mortality improvement has been faster than in most developed countries. This development has resulted in a great challenge to provide retirement income to the ageing population. This challenge is increased by the increasing presence of commercial annuity products in China. Such products should become an important source of retirement benefits. In this article, it's proposed a model of mortality improvement and calculate its factors using Chinese life tables. It's also analyzed the risks to annuity providers due to mortality improvement, and compared risks of mortality improvement for two different forms of annuities: equity-linked annuity and traditional fixed annuity</abstract>
<note type="statement of responsibility">Hong Mao, Krzysztof M. Ostaszewski, Yuling Wang</note>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080552114">
<topic>Pensiones</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080625597">
<topic>Envejecimiento de la población</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080555306">
<topic>Mortalidad</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080570422">
<topic>Renta variable</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080603182">
<topic>Productos financieros</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080570590">
<topic>Seguro de vida</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080644178">
<geographic>China</geographic>
</subject>
<classification authority="">341</classification>
<relatedItem type="host">
<titleInfo>
<title>Geneva papers on risk and insurance : issues and practice</title>
</titleInfo>
<originInfo>
<publisher>Geneva : The Geneva Association, 1976-</publisher>
</originInfo>
<identifier type="issn">1018-5895</identifier>
<identifier type="local">MAP20077100215</identifier>
<part>
<text>01/04/2008 Tomo 33 Número 2  - 2008, p. 234-249</text>
</part>
</relatedItem>
<recordInfo>
<recordContentSource authority="marcorg">MAP</recordContentSource>
<recordCreationDate encoding="marc">080911</recordCreationDate>
<recordChangeDate encoding="iso8601">20091201135742.0</recordChangeDate>
<recordIdentifier source="MAP">MAP20080021368</recordIdentifier>
<languageOfCataloging>
<languageTerm type="code" authority="iso639-2b">spa</languageTerm>
</languageOfCataloging>
</recordInfo>
</mods>
</modsCollection>