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

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      <subfield code="a">Mao, Hong</subfield>
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      <subfield code="a">Risk analysis of mortality improvement </subfield>
      <subfield code="b"> : the case of chinese annuity markets</subfield>
      <subfield code="c">Hong Mao, Krzysztof M. Ostaszewski, Yuling Wang</subfield>
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      <subfield code="a">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</subfield>
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      <subfield code="a">Mortalidad</subfield>
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      <subfield code="a">Ostaszewski, Krzysztof M.</subfield>
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      <subfield code="a">Wang, Yuling</subfield>
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      <subfield code="t">Geneva papers on risk and insurance : issues and practice</subfield>
      <subfield code="d">Geneva : The Geneva Association, 1976-</subfield>
      <subfield code="x">1018-5895</subfield>
      <subfield code="g">01/04/2008 Tomo 33 Número 2  - 2008, p. 234-249</subfield>
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