Buy Longevity Risk Book by Emma Mcwilliam - Bookswagon
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Home > Business and Economics > Finance and accounting > Finance and the finance industry > Investment and securities > Longevity Risk
Longevity Risk

Longevity Risk


     0     
5
4
3
2
1



Out of Stock


Notify me when this book is in stock
X
About the Book

A heightened awareness of the aging population means that all parties have to closely track and monitor their longevity assumptions and developments. This ensures appropriate longevity bases are used in pricing and reserving for longevity risk. It has also spurred a trend to de-risk, bringing new entrants to the bulk annuity and pension buy-out market, including insurance and reinsurance companies and investment banks, as well as increasing the appetite for longevity risk only deals such as longevity swaps. Longevity risk is fast emerging as a financial sector in its own right and this new book from Risk Books, provides cutting edge practitioner insight and research around longevity risk in a practical and accessible way. Edited by Emma McWilliam and drawing on the views of leading industry experts from insurance, reinsurance, capital markets and legal backgrounds "Longevity Risk" provides a 360 view of the market. Contributors include: Edouard Debonneuil, Lise He, Jessica Mosher, Nathalie Weiss (Groupe AXA) Ed Collinge, Joseph Lu (Legal & General Group) Eli Friedwald, Jason Hurley, Greg Becker (RGA UK Services Limited) Bridget Browne (Partner Reinsurance limited) Stephen Makin (Stephen Makin Consulting Limited) Robert Bugg, Farzana Ismail, Philip Simpson, Nick Dumbreck (Milliman) Norman Peard, James Morris (Credit Suisse) Gavin Jones, Alison McKie, Nick Ketley (Swiss Re) Guy Coughlan (JP Morgan) Paul Sweeting (University of Kent) Jennifer Donohue (Cadwalader, Wickersham & Taft LLP) "Longevity Risk" presents methods to price and measure longevity risk and ways to hedge/de-risk through a range of traditional insurance, reinsurance and innovative capital market solutions. A key feature of the book is a series of practical case studies that will enable you to apply the new knowledge you learn in a practical way. There are 5 main sections encompassing all the major aspects of this growing market to give you a total understanding of this emerging risk. Section I - Setting the Scene - provides key background information and facts on the issue and opportunity. Section II - Pricing Longevity Risk - considers the setting of best estimate base mortality assumptions and alternative longevity projections. Section III - Reserving and Capital Requirements: - the impact of Solvency II and economic capital modeling for longevity risk. Section IV - Risk Management and De-Risking Solutions: - wider considerations will be given to the natural offset of pandemic risk and legal considerations of transactions. Section V - Capital Market Developments: - the desirable features, different roles of players, longevity indices and capital market structures. In order to take advantage of this fast emerging market and the opportunities presenting themselves "Longevity Risk" is regarded as key reading for (re)insurance company professionals, finance managers/directors, investors, actuaries, corporate sponsors, trustees of pension schemes, investment bankers and graduate students/academics.

Table of Contents:
INTRODUCTION Emma McWilliam Milliman Baroness Sally Greengross Chief Executive of the International Longevity Centre PART I SETTING THE SCENE 1. Ageing Populations and Changing Demographics Edouard Debonneuil, Lise He, Jessica Mosher, Nathalie Weiss Groupe AXA 2. Magnitude of the Longevity Issue: The Market Opportunity and Capacity Ed Collinge, Joseph Lu Legal & General Group PART II PRICING LONGEVITY RISK 3. Pricing Longevity Risk: Establishing Base Mortality Level Eli Friedwald RGA UK Services Limited 4. Projecting Future Mortality Bridget Browne Partner Reinsurance limited 5. Underwritten Annuities: The Market and Pricing of Longevity Risk Jason Hurley, Greg Becker RGA UK Services Company Ltd PART III RESERVING AND CAPITAL REQUIREMENTS 6. Reserving and Regulatory Requirements Stephen Makin Stephen Makin Consulting Limited 7. Economic Capital, Modelling and Longevity Risk Stephen Makin Stephen Makin Consulting Limited PART IV RISK MANAGEMENT AND DE-RISKING 8. De-Risking Insured Annuity Portfolios Robert Bugg, Farzana Ismail, Philip Simpson, Nick Dumbreck Milliman 9. Longevity De-Risking Solutions for Pension Schemes Norman Peard, James Morris Credit Suisse 10. Hedging Longevity Risk through Reinsurance Gavin Jones Swiss Re 11. Extreme Mortality Risk as a Natural Hedge? Alison McKie, Nick Ketley Swiss Re PART V CAPITAL MARKET DEVELOPMENTS 12. Capital Markets and Longevity Risk Transfer Guy Coughlan JP Morgan 13. Longevity Indices Paul Sweeting University of Kent 14. Legal Considerations for Longevity Risk Transactions Jennifer Donohue Cadwalader, Wickersham & Taft LLP

About the Author :
Emma McWilliam Emma is a senior consulting actuary at Milliman, London. She has more than fifteen years of experience in the insurance industry and has worked internationally advising insurance and reinsurance companies, including multi-nationals on assignments in the UK, US, Australia, Singapore, Switzerland, Germany, Netherlands, France and Belgium. She has significant experience in the area of annuities and longevity risk having advised market participants on acquiring blocks of annuity business, setting longevity pricing bases and terms of trade, including base mortality table selection, improvement factors, credibility approach, underwriting factors, experience studies and medical advancement considerations. She has also reviewed mortality pricing bases for annuity longevity transactions, undertaken strategic assignments to identify life insurance securitisation opportunities and worked with investment banks on the development of a longevity bond and swap structures and reviewed longevity risk structures for transferring this risk to the capital markets. She is a regular presenter at industry conferences around longevity risk and capital markets. She has also co-authored a number of publications and articles, primarily covering the areas of longevity risk and prior to this IFRS.


Best Sellers


Product Details
  • ISBN-13: 9781906348533
  • Publisher: Risk Books
  • Publisher Imprint: Risk Books
  • Height: 235 mm
  • ISBN-10: 1906348537
  • Publisher Date: 22 Mar 2011
  • Binding: Paperback
  • Width: 155 mm


Similar Products

Add Photo
Add Photo

Customer Reviews

REVIEWS      0     
Click Here To Be The First to Review this Product
Longevity Risk
Risk Books -
Longevity Risk
Writing guidlines
We want to publish your review, so please:
  • keep your review on the product. Review's that defame author's character will be rejected.
  • Keep your review focused on the product.
  • Avoid writing about customer service. contact us instead if you have issue requiring immediate attention.
  • Refrain from mentioning competitors or the specific price you paid for the product.
  • Do not include any personally identifiable information, such as full names.

Longevity Risk

Required fields are marked with *

Review Title*
Review
    Add Photo Add up to 6 photos
    Would you recommend this product to a friend?
    Tag this Book Read more
    Does your review contain spoilers?
    What type of reader best describes you?
    I agree to the terms & conditions
    You may receive emails regarding this submission. Any emails will include the ability to opt-out of future communications.

    CUSTOMER RATINGS AND REVIEWS AND QUESTIONS AND ANSWERS TERMS OF USE

    These Terms of Use govern your conduct associated with the Customer Ratings and Reviews and/or Questions and Answers service offered by Bookswagon (the "CRR Service").


    By submitting any content to Bookswagon, you guarantee that:
    • You are the sole author and owner of the intellectual property rights in the content;
    • All "moral rights" that you may have in such content have been voluntarily waived by you;
    • All content that you post is accurate;
    • You are at least 13 years old;
    • Use of the content you supply does not violate these Terms of Use and will not cause injury to any person or entity.
    You further agree that you may not submit any content:
    • That is known by you to be false, inaccurate or misleading;
    • That infringes any third party's copyright, patent, trademark, trade secret or other proprietary rights or rights of publicity or privacy;
    • That violates any law, statute, ordinance or regulation (including, but not limited to, those governing, consumer protection, unfair competition, anti-discrimination or false advertising);
    • That is, or may reasonably be considered to be, defamatory, libelous, hateful, racially or religiously biased or offensive, unlawfully threatening or unlawfully harassing to any individual, partnership or corporation;
    • For which you were compensated or granted any consideration by any unapproved third party;
    • That includes any information that references other websites, addresses, email addresses, contact information or phone numbers;
    • That contains any computer viruses, worms or other potentially damaging computer programs or files.
    You agree to indemnify and hold Bookswagon (and its officers, directors, agents, subsidiaries, joint ventures, employees and third-party service providers, including but not limited to Bazaarvoice, Inc.), harmless from all claims, demands, and damages (actual and consequential) of every kind and nature, known and unknown including reasonable attorneys' fees, arising out of a breach of your representations and warranties set forth above, or your violation of any law or the rights of a third party.


    For any content that you submit, you grant Bookswagon a perpetual, irrevocable, royalty-free, transferable right and license to use, copy, modify, delete in its entirety, adapt, publish, translate, create derivative works from and/or sell, transfer, and/or distribute such content and/or incorporate such content into any form, medium or technology throughout the world without compensation to you. Additionally,  Bookswagon may transfer or share any personal information that you submit with its third-party service providers, including but not limited to Bazaarvoice, Inc. in accordance with  Privacy Policy


    All content that you submit may be used at Bookswagon's sole discretion. Bookswagon reserves the right to change, condense, withhold publication, remove or delete any content on Bookswagon's website that Bookswagon deems, in its sole discretion, to violate the content guidelines or any other provision of these Terms of Use.  Bookswagon does not guarantee that you will have any recourse through Bookswagon to edit or delete any content you have submitted. Ratings and written comments are generally posted within two to four business days. However, Bookswagon reserves the right to remove or to refuse to post any submission to the extent authorized by law. You acknowledge that you, not Bookswagon, are responsible for the contents of your submission. None of the content that you submit shall be subject to any obligation of confidence on the part of Bookswagon, its agents, subsidiaries, affiliates, partners or third party service providers (including but not limited to Bazaarvoice, Inc.)and their respective directors, officers and employees.

    Accept


    Inspired by your browsing history


    Your review has been submitted!

    You've already reviewed this product!