The aim of the web sessions is to provide an overview over products for the retirement phase as well as a few thoughts on particular risks and the actuarial modelling behind them. Furthermore, special attention will be given to the actuarial modelling of longevity risk by an introduction of stochastic mortality models and its applications within product development.
In the first part of the web session series, we will introduce traditional and modern life insurance products for the retirement phase. This part will mainly contain a product overview where we illustrate the motivation, concepts, ideas and examples for different retirement products, also taking product designs with capital market participation and longevity indexed products into account.
The second part of the web session series will mainly deal with actuarial modelling of longevity risk. In particular, we will show why stochastic mortality modelling can be necessary and helpful within the product development of retirement phase products. For doing so, we will introduce two popular approaches (Lee-Carter and Cairns-Blake-Dowd) for the modelling of longevity risk and show an application within a case study.
Registration deadline: 19 Nov 2020