Borrowing information from populations with similar structural mortality patterns and trajectories has been well recognized as a useful strategy for the mortality forecasting of a target population. This paper presents a flexible framework for the selection of populations from a given candidate...

This paper proposes an optimal dynamic strategy for hedging longevity risk in a discrete-time setting. Our proposed hedging strategy relies on standardized mortality-linked securities and minimizes the variance of the hedging error as induced by the population basis risk. While the formulation...