Blake, David (contributor); Cairns, Andrew (contributor); … - 2008
The life market, the traded market in assets and liabilities linked to longevity (or mortality), is
the world’s newest …
increases in life expectancy – as a result of unanticipated changes in mortality rates – that is
the real problem. This is what … is meant by longevity risk. It is only fairly recently that the
stochastic nature of mortality rate changes has begun to …