Mortality rate modeling: applications to the pricing of longevity-linked financial derivative instruments and a study of the effectiveness of these hedging instruments in a pension risk management str

We are all well aware of the spectacular improvement in life-expectancy around the world since the 1990’s. While most people would agree that living longer is a good thing, it nonetheless increases the risk of having people outlive their assets so that they become forced to accept lower standards of living in old age. People […]

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