then projected forward under stochastic financial markets and stochastic mortality developments. Different scenarios are … proposed, with particular focus on a prolonged period of low interest rates and strong reduction in mortality rates. Results … underlying financial market conditions and mortality developments drastically change. This feature could be of particular …

within annuity books. In particular, the joint impact of mortality risks and investment risks as well as their respective … annuity data from the United Kingdom, the risk premium charged for aggregate mortality risk seems to be very large relative to …