The huge economic significance of longevity risk for corporations, governments, and
individuals has begun to be recognized and quantified. By virtue of its size and prevalence …

This paper introduces a new framework for modelling the joint development over time of
mortality rates in a pair of related populations with the primary aim of producing consistent …

The relative merits of different parametric models for making life expectancy and annuity
value predictions at both pensioner and adult ages are investigated. This study builds on …

Life annuities and pension products usually involve a number of guarantees, such as
minimum accumulation rates, minimum annual payments or a minimum total payout …

This article proposes a neural-network approach to predict and simulate human mortality
rates. This semi-parametric model is capable to detect and duplicate non-linearities …

Tontines were once a popular type of mortality-linked investment pool. They promised
enormous rewards to the last survivors at the expense of those died early. While this design …

The book aims at providing the “basics” of health insurance techniques. The first chapters
(Chaps. 1–3) explain the need for health insurance, the risks taken by an insurance …

This second edition expands the first chapters, which focus on the approach to risk
management issues discussed in the first edition, to offer readers a better understanding of …

Recently a large number of new mortality models have been proposed to analyze historic
mortality rates and project them into the future. Many of these suffer from being over …

The mortality evolution of small populations often exhibits substantial variability and irregular
improvement patterns making it hard to identify underlying trends and produce plausible …