Optimal mutual insurance against systematic longevity risk

We mathematically demonstrate how and what it means for two collective pension funds to mutually insure one another against systematic longevity risk. The key equation that facilitates the exchange of insurance is a market clearing condition. This enables an insurance market to be established even i...

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Veröffentlicht in:	arXiv.org 2024-10
Hauptverfasser:	Armstrong, John, Dalby, James
Format:	Artikel
Sprache:	eng
Schlagworte:	Insurance Longevity Risk
Online-Zugang:	Volltext
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