Summary |
This is longevity risk: a risk that is fast emerging as a financial sector in its own right. Edited by Emma McWilliam and bringing together leading industry experts from insurance, reinsurance, capital markets and legal backgrounds, longevity risk is the first book to present, in one volume, methods to price and measure longevity risk and ways to hedge/de-risk through a range of traditional insurance, reinsurance and innovative capital market solutions.
Longevity risk combines practitioner insight and research around longevity risk in a practical and accessible way to deliver a 360 view of the market.
Five dedicated sections of longevity risk chart the rise of the sector, describing the mechanics of milestone deals, pricing, considering best estimate base mortality assumptions and alternative longevity projections, reserving and capital requirements, analyzing the impact of solvency II and economic capital modeling for longevity risk, risk management and de-risking, exploring wider considerations to the natural offset of pandemic risk and legal considerations of transactions, and capital market developments, looking at the desirable features, different roles of players, longevity indices and capital market structures.
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