On the effectiveness of natural hedging for insurance companies and pension plans
Natural hedging is one possible method to reduce longevity risk exposure for an annuity provider or a pension plan. In this paper, we provide an assessment of the effectiveness of natural hedging between annuity and life products, using the correlated Poisson Lee–Carter model, Poisson common factor...
| Main Authors: | , |
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| Format: | Journal Article |
| Published: |
Elsevier BV
2015
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/35078 |