provisions. If the private side of the system is based, exclusively or mainly, on the insurance pooling, is there any substantial … difference between Europe and Us, with respect to future challenges. Is insurance pooling really different from pay …

opportunity for institutions that are pooling longevity exposures to issue securities that appeal to capital market investors …

particular, by using simulations it is shown that although pooling of the individual prediction tests can lead to substantial … power gains, pooling only the parameters of the forecasting equation, as has been suggested in the previous literature, does …