Friedberg, Leora (contributor); Webb, Anthony (contributor) - 2006
diversification. The latter risk is non-diversifiable unless
the insurer can write other classes of business, for example life … insurance, with negatively
correlated risks.
5
Notably, one explanation for the shift in private pension structure may be a …
selection experienced by the insurer.
5
The actual scope for doing so may be limited because the average ages of life …