Wang, Jennifer L; Hsieh, Ming-hua; Chiu, Yu-fen - In: The Geneva Papers on Risk and Insurance - Issues and … 36 (2011) 4, pp. 697-717
The launch of new innovative longevity-linked products, such as reverse mortgages, increases the complexity and challenges faced by insurers in implementing an asset-liability management strategy. With the house price dynamic and a large final payment received at the end of the policy year, a...