Modelling the Life Expectancy of Elderly People for Life Insurance and Pension Systems
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F20%3A39916114" target="_blank" >RIV/00216275:25410/20:39916114 - isvavai.cz</a>
Result on the web
<a href="https://link.springer.com/chapter/10.1007/978-3-030-49655-5_9" target="_blank" >https://link.springer.com/chapter/10.1007/978-3-030-49655-5_9</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/978-3-030-49655-5_9" target="_blank" >10.1007/978-3-030-49655-5_9</a>
Alternative languages
Result language
angličtina
Original language name
Modelling the Life Expectancy of Elderly People for Life Insurance and Pension Systems
Original language description
This chapter demonstrates the importance for insurance and pension companies of correctly measuring mortality and life expectancy. The analysis focuses on mortality at higher ages (65–95), in line with an interest in pension-related applications where the risk associated with longer-term cash flow is primarily linked to uncertainty regarding future mortality rates. Over the last 30 years, the mortality of the population in developed countries has rapidly improved. This has significant financial implications for insurance companies as several essential classes of liability are sensitive to the direction of future mortality trends. This paper presents the results of estimating the Lee-Carter model for selected European countries and simulating term annuities for the retirement programmes of elderly people in these countries.
Czech name
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Czech description
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Classification
Type
C - Chapter in a specialist book
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Book/collection name
Life Insurance in Europe : Risk Analysis and Market Challenges
ISBN
978-3-030-49654-8
Number of pages of the result
19
Pages from-to
127-145
Number of pages of the book
214
Publisher name
Springer Nature Switzerland AG
Place of publication
Cham
UT code for WoS chapter
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