Pooled annuity products, where the participants share systematic and idiosyncratic mortality risks as well as investment returns and risk, provide an attractive and effective alternative to traditional guaranteed life annuity products. While longevity risk sharing in pooled annuities has...

Accurate old-age mortality projections for subnational areas are important for assessing health outcomes and valuing pension liabilities. However, subnational mortality data often face small sample sizes at older ages. In some countries, the underreporting of deaths and population numbers poses...

Pricing and risk management for longevity risk has increasingly become a major challenge for life insurers and pension funds around the world. Risk transfer to financial markets, with their major capacity for efficient risk pooling, is an area of significant development for a successful...