Research on Longevity Risk and Its Relevant Issues
DOI:
https://doi.org/10.54691/bcpbm.v20i.1123Keywords:
Mortality; Longevity Risk; Longevity Insurance; Longevity Bonds; Pensions; SecuritisationAbstract
China entered an aging society as early as 1999. With the constant improvement of death rate increasing average life expectancy and rapid decline of fertility rate, the aging problem is more and more serious, and the longevity risk in China’s pension system is increasingly emerging. This inevitably brings new challenges for insurance companies, pension fund and government. Therefore,many scholars at home and abroad carry out diverse research on issues caused by longevity risk, mainly including mortality prediction model and longevity risk measurement. The paper analyzed the longevity risk from the aspect of its identification, measurement and management, and preliminarily explored the financial derivatives and the management strategies to defuse longevity risk in order to offer relevant experience reference for further studies.
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