The portion of elderly people in population becomes larger and larger because of longer life expectancy and decreases of fertility rates. While most companies have stopped their pension plans, individuals have to seek for other solutions for their retirement, such as commercial products offered by insurance companies. How could insurance companies effectively manage their own longevity risks in order to fulfill their promise to the policyholders when it comes to due? Better understanding of longevity risk is definitely the first step.
Category: Funding longer lives: Longevity risk, Pension/retirement