Mortality Assumptions and Longevity Risk Implications for pension funds and annuity providers - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Mortality Assumptions and Longevity Risk Implications for pension funds and annuity providers write by OECD. This book was released on 2014-12-08. Mortality Assumptions and Longevity Risk Implications for pension funds and annuity providers available in PDF, EPUB and Kindle. The publication assess how pension funds, annuity providers such as life insurance companies, and the regulatory framework incorporate future improvements in mortality and life expectancy.
Mortality Assumptions and Longevity Risk
Mortality Assumptions and Longevity Risk - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Mortality Assumptions and Longevity Risk write by OECD. OCDE. This book was released on 2014. Mortality Assumptions and Longevity Risk available in PDF, EPUB and Kindle.
Mortality assumptions and longevity risk : implications for pension funds and annuity providers
Mortality assumptions and longevity risk : implications for pension funds and annuity providers - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Mortality assumptions and longevity risk : implications for pension funds and annuity providers write by . This book was released on 2014. Mortality assumptions and longevity risk : implications for pension funds and annuity providers available in PDF, EPUB and Kindle.
The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans
The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans write by Mr.John Kiff. This book was released on 2012-06-01. The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans available in PDF, EPUB and Kindle. This paper provides the first empirical assessment of the impact of life expectancy assumptions on the liabilities of private U.S. defined benefit (DB) pension plans. Using detailed actuarial and financial information provided by the U.S. Department of Labor, we construct a longevity variable for each pension plan and then measure the impact of varying life expectancy assumptions across plans and over time on pension plan liabilities. The results indicate that each additional year of life expectancy increases pension liabilities by about 3 to 4 percent. This effect is not only statistically highly significant but also economically: each year of additional life expectancy would increase private U.S. DB pension plan liabilities by as much as $84 billion.
Modelling Longevity Dynamics for Pensions and Annuity Business
Modelling Longevity Dynamics for Pensions and Annuity Business - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Modelling Longevity Dynamics for Pensions and Annuity Business write by Ermanno Pitacco. This book was released on 2009-01-29. Modelling Longevity Dynamics for Pensions and Annuity Business available in PDF, EPUB and Kindle. Mortality improvements, uncertainty in future mortality trends and the relevant impact on life annuities and pension plans constitute important topics in the field of actuarial mathematics and life insurance techniques. In particular, actuarial calculations concerning pensions, life annuities and other living benefits (provided, for example, by long-term care insurance products and whole life sickness covers) are based on survival probabilities which necessarily extend over a long time horizon. In order to avoid underestimation of the related liabilities, the insurance company (or the pension plan) must adopt an appropriate forecast of future mortality. Great attention is currently being devoted to the management of life annuity portfolios, both from a theoretical and a practical point of view, because of the growing importance of annuity benefits paid by private pension schemes. In particular, the progressive shift from defined benefit to defined contribution pension schemes has increased the interest in life annuities with a guaranteed annual amount. This book provides a comprehensive and detailed description of methods for projecting mortality, and an extensive introduction to some important issues concerning longevity risk in the area of life annuities and pension benefits. It relies on research work carried out by the authors, as well as on a wide teaching experience and in CPD (Continuing Professional Development) initiatives. The following topics are dealt with: life annuities in the framework of post-retirement income strategies; the basic mortality model; recent mortality trends that have been experienced; general features of projection models; discussion of stochastic projection models, with numerical illustrations; measuring and managing longevity risk.
