municipalities ranking in the region through the process of the population reproduction; indexes of mortality intensity as a tool to …

negative catastrophic mortality shocks. Specifically, we assume that the mortality intensity can be described by an affine …

considering a deterministic mortality intensity, which is a function of the age only, extracted from available (static) life … tables and by setting a flat ("best estimate") interest rate to discount cash flows over time. Since neither the mortality … intensity nor interest rates are actually deterministic, life insurance companies and pension funds are exposed to both …