Olivieri, Annamaria; Pitacco, Ermanno - In: Life insurance in Europe : risk analysis and market …, (pp. 103-126). 2020
The cost of longevity guarantees of traditional annuity products has increased in the recent scenario, characterized by declining mortality rates, in particular at unanticipated levels. Increasing the annuity loading rewarding the accepted longevity risk is not an option for annuity providers,...
