MacMinn, Richard D.; Richter, Andreas - Universität <München> / Fakultät für Betriebswirtschaft - 2006
In 2003, Swiss Re introduced a mortality-based security designed to hedge excessive mortality changes for its life book of business. The concern was apparently brevity risk, i.e., the risk of premature death. The brevity risk due to a pandemic is similar to the property risk associated with...
