Longevity Risk Modelling and Management
A special issue of Risks (ISSN 2227-9091).
Deadline for manuscript submissions: closed (31 December 2022) | Viewed by 15057
Interests: longevity risk; mortality models; long-term care insurance; retirement financing; quantitative risk management
Interests: insurance; risk management; actuarial studies; longevity risk management; retirement financial products; ageing in china
The modelling and management of longevity risk has seen many advances over recent years. Increasing attention is being paid to richer models incorporating explanatory risk factors and the application of data analytic techniques to mortality data. Health status models and their application to long-term care insurance has broadened the potential products available for the individual management of longevity risk. Innovations in product designs, including combinations of annuities and long-term care insurance, reverse mortgages, and long-term care insurance, as well as with pooled annuities, such as group self-annuitization and modified forms of tontines, are broadening the product menu for individuals in order to manage their longevity risk. Life insurers and pension funds also have important roles to play in financing individual longevity and health risks, based on a more comprehensive understanding of these risks.
Against this background, there are many areas of longevity risk modelling and management that can benefit from novel research in both methodology and application. These include continuous time mortality models; panel data models for individual mortality risk factors; the integration of health status and aggregate mortality models; data analytic techniques applied to longevity risk modelling; multiple population models; spatial modelling of longevity risk; the design of innovative contracts, such as pooled annuities, age-care annuities, enhanced annuities, variable annuities with guaranteed withdrawal benefits, and reverse mortgages combined with long-term care insurance; retirement financing strategies for individuals allowing for health risk, housing, and equity investment; demand modelling for longevity risk products; life insurer longevity risk management, including longevity swaps and securitization; insurer capital requirements for longevity risk; pensions fund longevity risk management; and investment strategies for longevity risk such as liability driven investment strategies.
The aim of this Special Issue is to present leading-edge research articles focussed on the current aspects of longevity risk modelling and management. Comprehensive survey papers, as the basis for future research ideas, will also be considered.
Prof. Michael Sherris
Dr. Katja Hanewald
Manuscript Submission Information
Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.
Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Risks is an international peer-reviewed open access monthly journal published by MDPI.
Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1800 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.
- Mortality models
- Longevity risk
- Retirement product innovation
- Health status models
- Data analytic techniques applied to longevity
- Reverse mortgages
- Variable annuities
- Pooled annuities
- Optimal individual retirement decision making
- Life insurer and pension fund longevity risk management
- Securitization of longevity risk