Quantification of Longevity Risk for Pension Insurance in V4 countries

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F17%3A39910613" target="_blank" >RIV/00216275:25410/17:39910613 - isvavai.cz</a>

Result on the web

<a href="http://www.ekonom.sav.sk/sk/casopis/rocnik/8-2017" target="_blank" >http://www.ekonom.sav.sk/sk/casopis/rocnik/8-2017</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Quantification of Longevity Risk for Pension Insurance in V4 countries

Original language description

Longevity risk, the risk that people will live longer than expected, weighs heavily on those who run pension schemes and on insurers that provide annuities. Hence the prediction of future mortality rates is an issue of fundamental importance for the insurance and pensions industry. Our analysis focuses on mortality at higher ages (65 – 95), given our interest in pension-related applications where the risk associated with longer-term cash flow is primarily linked to uncertainty in future rates of mortality. We use data on deaths and exposures for the The Visegrad Group (V4) – the Czech Republic, Poland, Hungary and Slovakia from the Human Mortality Database (HMD). We have shown that if the today rate of increase will continue, it will at age 65 concluded (after calculation) to increase the present value of pension liabilities in defined-benefit schemes about 5% if we use cohort life table instead of period life table.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2017

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Ekonomický časopis SAV

ISSN

0013-3035

e-ISSN

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Volume of the periodical

65

Issue of the periodical within the volume

8/2017

Country of publishing house

SK - SLOVAKIA

Number of pages

12

Pages from-to

751-762

UT code for WoS article

000417226100004

EID of the result in the Scopus database

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