Centro de Documentacion de Fundación MAPFRE - Longevity-indexed life annuities

MAP20110036188

Longevity-indexed life annuities / Michel Denuit, Steven Haberman, and Arthur Renshaw

Sumario: This paper addresses the problem of the sharing of longevity risk between an annuity provider and a group of annuitants. An appropriate longevity index is designed in order to adapt the amount of the periodic payments in life annuity contracts. This accounts for unexpected longevity improvements experienced by a given reference population. The approach described in the present paper is in contrast with group self-annuitization, where annuitants bear their own risk,. Here the annuitants bear only the nondiversifiable risk that the future mortality trend departs from that of the reference forecast

En: North American actuarial journal. - Schaumburg : Society of Actuaries, 1997- = ISSN 1092-0277. - 03/01/2011 Tomo 15 Número 1 - 2011

1. Matemática del seguro . 2. Cálculo actuarial . 3. Envejecimiento de la población . 4. Mortalidad . 5. Longevidad . 6. Ageingnomics. Economia senior . I. Haberman, Steven . II. Renshaw, Arthur .