way: it needs to be hedged using a suitable hedging instrument …

hedging strategy relies on standardized mortality-linked securities and minimizes the variance of the hedging error as induced … mortality model, to illustrate our proposed strategy. Under these specifications, we show that the resulting hedging problem can …This paper proposes an optimal dynamic strategy for hedging longevity risk in a discrete-time setting. Our proposed …

longevity risk using a mortality-linked security, typically a longevity bond. The pension scheme promises a minimum guarantee as … strategy performance. Our results add to the growing evidence supporting the use of mortality-linked securities for efficient … hedging of longevity risk …