Is longevity an insurable risk?

Detalhes bibliográficos
Autor(a) principal: Bravo, Jorge Miguel
Data de Publicação: 2014
Outros Autores: Díaz-Giménez, Javier
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/77589
Resumo: Bravo, J. M., & Díaz-Giménez, J. (2014). Is longevity an insurable risk? Hedging the unhedgeable. (pp. 1). (Papers Mi Jubilación; No. 9). Instituto BBVA de Pensiones.
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spelling Is longevity an insurable risk?Hedging the unhedgeablePublic pensionsLongevity riskCapital market instrumentsInsuranceBravo, J. M., & Díaz-Giménez, J. (2014). Is longevity an insurable risk? Hedging the unhedgeable. (pp. 1). (Papers Mi Jubilación; No. 9). Instituto BBVA de Pensiones.In the 18th century, Benjamin Franklin said that "Nothing is certain but death and taxes". The 21st-century adaptation of this famous expression could be "nothing is certain but longevity and taxes." Longevity risk is a critical risk for institutions that provide life-long payments such as pension funds, annuity providers and public pension schemes. The amount of unfunded liabilities institutions face will be massive if their beneficiaries live considerably longer than expected. This paper addresses the problem of longevity risk and discusses the ways in which individuals, life assurers, annuity providers and pension plans can manage their exposure to this risk. We discuss whether the traditional insurance mechanism, involving risk transfer and pooling, can deal appropriately with longevity risk. We then review longevity risk management solutions, comprising both traditional insurance and reinsurance techniques and recently developed capital market instruments.Instituto BBVA de PensionesNOVA Information Management School (NOVA IMS)RUNBravo, Jorge MiguelDíaz-Giménez, Javier2019-08-05T22:37:29Z2014-10-262014-10-26T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article19application/pdfhttp://hdl.handle.net/10362/77589engPURE: 14356081info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:35:11Zoai:run.unl.pt:10362/77589Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:35:46.085848Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Is longevity an insurable risk?
Hedging the unhedgeable
title Is longevity an insurable risk?
spellingShingle Is longevity an insurable risk?
Bravo, Jorge Miguel
Public pensions
Longevity risk
Capital market instruments
Insurance
title_short Is longevity an insurable risk?
title_full Is longevity an insurable risk?
title_fullStr Is longevity an insurable risk?
title_full_unstemmed Is longevity an insurable risk?
title_sort Is longevity an insurable risk?
author Bravo, Jorge Miguel
author_facet Bravo, Jorge Miguel
Díaz-Giménez, Javier
author_role author
author2 Díaz-Giménez, Javier
author2_role author
dc.contributor.none.fl_str_mv NOVA Information Management School (NOVA IMS)
RUN
dc.contributor.author.fl_str_mv Bravo, Jorge Miguel
Díaz-Giménez, Javier
dc.subject.por.fl_str_mv Public pensions
Longevity risk
Capital market instruments
Insurance
topic Public pensions
Longevity risk
Capital market instruments
Insurance
description Bravo, J. M., & Díaz-Giménez, J. (2014). Is longevity an insurable risk? Hedging the unhedgeable. (pp. 1). (Papers Mi Jubilación; No. 9). Instituto BBVA de Pensiones.
publishDate 2014
dc.date.none.fl_str_mv 2014-10-26
2014-10-26T00:00:00Z
2019-08-05T22:37:29Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/77589
url http://hdl.handle.net/10362/77589
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv PURE: 14356081
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 19
application/pdf
dc.publisher.none.fl_str_mv Instituto BBVA de Pensiones
publisher.none.fl_str_mv Instituto BBVA de Pensiones
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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