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,...

Pools of voluntary life annuities typically report lower mortality rates than the general population, as when the product is quoted at standard rates, it is attractive mainly for healthy people. In order to expand their portfolio, in recent years some insurers have started offering higher...

In actuarial practice, the main calculations for insurance covers in the health care area, personal accident and sickness insurance in particular, are commonly based on simplified methods, whose probabilistic assumptions are often not enough clear. In this paper, starting from a rather general...

In this paper we address the problem of projecting mortality when data are severely affected by random fluctuations, due in particular to a small sample size, or when data are scanty. Such situations may emerge when dealing with small populations, such as small countries (possibly previously...

Due to the increasing interest in several markets in life annuity products with a guaranteed periodic benefit, the back-side effects of some features that may prove to be critical either for the provider or the customer should be better understood. In this research, we focus on the time frames...