Pricing Longevity Bonds under a Credibility Framework with Limited Available Data
For annuity providers, a higher life expectancy is not always positive news, as it potentially implies increased future costs, since benefits must be provided over a longer period of time. The underlying risk behind the unexpected improvement in life expectancy is called longevity risk. One way to h...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2022-05-01
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| Series: | Risks |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-9091/10/5/96 |