Bauer, Daniel; Börger, Matthias; Ruß, Jochen - In: Insurance: Mathematics and Economics 46 (2010) 1, pp. 139-149
For annuity providers, longevity risk, i.e. the risk that future mortality trends differ from those anticipated, constitutes an important risk factor. In order to manage this risk, new financial products, so-called longevity derivatives, may be needed, even though a first attempt to issue a...