Managing systematic mortality risk with group self-pooling and annuitization schemes

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      <subfield code="a">Qiao, Chao</subfield>
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      <subfield code="a">Managing systematic mortality risk with group self-pooling and annuitization schemes</subfield>
      <subfield code="c">Chao Qiao, Michael Sherris</subfield>
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      <subfield code="a">Group self-annuitization (GSA) schemes are designed to share uncertain future mortality experience including systematic improvements. Challenges for designing group pooled schemes include decreasing average payments when mortality improves significantly, decreasing numbers in the pool at older ages, and the impact of dependence from systematic mortality improvements across different ages of members in the pool. This article uses a multiple-factor stochastic mortality model in a simulation study to show how pooling can be made more effective and to quantify the limitations of these pooling schemes arising from the impact of systematic longevity risk.</subfield>
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      <subfield code="w">MAP20077000727</subfield>
      <subfield code="t">The Journal of risk and insurance</subfield>
      <subfield code="d">Nueva York : The American Risk and Insurance Association, 1964-</subfield>
      <subfield code="x">0022-4367</subfield>
      <subfield code="g">02/12/2013 Volumen 80 Número 4 - diciembre 2013 </subfield>
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