Olivieri, Annamaria - In: Risks : open access journal 9 (2021) 11, pp. 1-18
mortality/longevity experience. This way, guarantees are relaxed in respect of traditional annuity arrangements. On the other … in the case of higher mortality. Flexibility in the annuity design could be welcomed by individuals, as the conservative … factor to be used for pricing and reserving. We assume stochastic mortality, and we compare alternative mortality …
