Modelling the Life Expectancy of Elderly People for Life Insurance and Pension Systems

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Modelling the Life Expectancy of Elderly People for Life Insurance and Pension Systems

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Modelling the Life Expectancy of Elderly People for Life Insurance and Pension Systems

Popis výsledku anglicky

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.

Druh

C - Kapitola v odborné knize

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2020

Kód důvěrnosti údajů

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

Název knihy nebo sborníku

Life Insurance in Europe : Risk Analysis and Market Challenges

ISBN

978-3-030-49654-8

Počet stran výsledku

19

Strana od-do

127-145

Počet stran knihy

214

Název nakladatele

Springer Nature Switzerland AG

Místo vydání

Cham

Kód UT WoS kapitoly

—