Bozikas, Apostolos; Badounas, Ioannis; Pitselis, Georgios - In: Risks : open access journal 10 (2022) 5, pp. 1-15
For annuity providers, a higher life expectancy is not always positive news, as it potentially implies increased future costs, since benefits must be provided over a longer period of time. The underlying risk behind the unexpected improvement in life expectancy is called longevity risk. One way...
