RT Journal Article
SR Electronic
T1 Longevity Risk: <em>The Reshuffle Begins</em>
JF Special Issues
FD Institutional Investor Journals
SP 18
OP 24
VO 2012
IS 1
A1 Wolfgang Murmann
A1 Richard Morris
YR 2012
UL https://pm-research.com/content/2012/1/18.abstract
AB Longevity poses a huge financial risk to corporate pension schemes, insurers, reinsurers, and governments, with defined benefit pension schemes holding an estimated $25 trillion of unhedged longevity risk and life expectancy continuing to increase beyond expectations. This article sets out innovative approaches to passing on this risk to appropriate risk holders and the capital markets, using longevity swaps, contingent equity longevity bonds, and synthetic buy-in structures.