Modelling Longevity Dynamics for Pensions and Annuity Business (Hardcover)

Idioma: inglés

Editorial: Oxford University Press, Oxford, 2009

0199547270 / 9780199547272

Serie: Libro 1 de 1 - Mathematics Texts

Librería: CitiRetail, Stevenage, Reino UnidoCitiRetail

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Hardcover. Mortality improvements, uncertainty in future mortality trends and the relevant impact on life annuities and pension plans constitute important topics in the field of actuarial mathematics and life insurance techniques. In particular, actuarial calculations concerning pensions, life annuities and other living benefits (provided, for example, by long-term care insurance products and whole life sickness covers) are based on survival probabilities which necessarilyextend over a long time horizon. In order to avoid underestimation of the related liabilities, the insurance company (or the pension plan) must adopt an appropriate forecast of futuremortality.Great attention is currently being devoted to the management of life annuity portfolios, both from a theoretical and a practical point of view, because of the growing importance of annuity benefits paid by private pension schemes. In particular, the progressive shift from defined benefit to defined contribution pension schemes has increased the interest in life annuities with a guaranteed annual amount.This book provides a comprehensive anddetailed description of methods for projecting mortality, and an extensive introduction to some important issues concerning longevity risk in the area of life annuities and pension benefits. It relieson research work carried out by the authors, as well as on a wide teaching experience and in CPD (Continuing Professional Development) initiatives. The following topics are dealt with: life annuities in the framework of post-retirement income strategies; the basic mortality model; recent mortality trends that have been experienced; general features of projection models; discussion of stochastic projection models, with numerical illustrations; measuring and managing longevity risk. A text aimed at researchers and postgraduates actuarial science, statistics, and actuarial mathematics providing a comprehensive and detailed description of statistical methods for projecting mortality, and an extensive discussion of some important issues concerning the longevity risk in the area of life annuities and pension benefits. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.…

N° de ref. del artículo 9780199547272

Título
Modelling Longevity Dynamics for Pensions and Annuity Business (Hardcover)
Autor
Ermanno Pitacco
Editorial
Oxford University Press, Oxford
Año de publicación
2009
Estado
new
Encuadernación
Hardcover
Idioma
inglés
ISBN 10
0199547270
ISBN 13
9780199547272
Serie
Libro 1 de 1: Mathematics Texts

CitiRetail

Stevenage, Reino Unido

Vendedor de 5 estrellas

Vendedor de IberLibro desde 29 de junio de 2022

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ArtículoDe 7 a 14 días hábilesDe 7 a 60 días hábiles
Primer artículoEUR 43,80EUR 43,80
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