In this paper, we present extensions of the Hatzopoulos-Sagianou (2020) (HS) multiple-component stochastic mortality … modelling the number of deaths using the Binomial model commonly employed in the literature of mortality modelling. Given this … suitable than those used in the literature to model the mortality dynamics. In this regard, our work offers an extensive …

adverse selection in the annuity market. However, a regulated life assurer with concerns about predicting long-run mortality … cohort mortality risk on the money's worth. We demonstrate that cohort mortality risk is quantitatively important, and show … that it is not possible to identify the effect of a cohort mortality risk model from that of an adverse selection model …

of life annuity designed to cover sys- tematic mortality risk while providing protection to policyholders from downside … mortality models in a continuous time framework. We demonstrate the significance of parameter risk, model risk, as well as the … systematic mortality risk component underlying the guarantee. We quantify how different levels of equity ex- posure chosen by the …

of life annuity designed to cover systematic mortality risk while providing protection to policyholders from downside … mortality models in a continuous time framework. We demonstrate the significance of parameter risk, model risk, as well as the … systematic mortality risk component underlying the guarantee. We quantify how different levels of equity exposure chosen by the …