Cipra, Tomas - In: Czech Journal of Economics and Finance (Finance a uver) 60 (2010) 6, pp. 545-560
This paper deals with Alternative Risk Transfer (ART) through the securitization of longevity and mortality risks in pension plans and commercial life insurance. Various types of such mortality-linked securities are described (e.g., CATM bonds, longevity bonds, mortality forwards and futures,...