cumulative losses for insurers. Since obvious risk management tools, such as (re)insurance or hedging, are less suited for … its aggregate form, the systematic risk of changes to general mortality patterns, it has the potential for causing large … mortality experience. Similar adaptations to conventional product design exist with investment-linked annuities, and a role …

others as well as offering optimal mean-variance mortality hedging rules. Numerical studies are conducted to examine the … impact of LRD within mortality rates on various insurance products and the hedging efficiency …While abundant empirical studies support the long-range dependence (LRD) of mortality rates, the corresponding impact …