PT - JOURNAL ARTICLE AU - Peter. Nakada AU - Chris. Breaux AU - Mehrdad. Honarkhah AU - Chris. Hornsby AU - Dean. Tolla AU - Rebecca. Vessenes TI - The Fundamentals of Longevity Risk DP - 2015 Sep 21 TA - Special Issues PG - 54--77 VI - 2015 IP - 1 4099 - https://pm-research.com/content/2015/1/54.short 4100 - https://pm-research.com/content/2015/1/54.full AB - The authors’ firm, Risk Management Solutions (RMS), has had a front-row seat in the development of catastrophe-linked securities from an esoteric, fringe asset class to a mainstream, zero-beta, alternative fixed-income asset class. Investors new to catastrophe-linked securities looked to gain enough comfort to take on catastrophe risk. The questions these investors asked followed a similar pattern: What does the historical record tell me? How can I account for future risks that are not in the historical record? How does the risk relate to my intuition around “real world” developments? Am I on the wrong side of an information asymmetry? This article aims to shed light on these questions for investors new to the asset class. In addition, the article discusses a particular approach to understanding longevity risk using the RMS LifeRisks model.