Work

The Cross‐Section of Asia‐Pacific Mortality Dynamics: Implications for Longevity Risk Sharing

Year: 2017

Type: article

Abstract: We study the dynamics of longevity risk across a subset of countries in the Asia‐Pacific (APAC) region. We use hand‐collected and existing data on age‐specific mortality rates from emerging and developed economies to understand how secular changes in mortality vary within and across APAC countries. We use our results to identify cross‐hedging opportunities among longevity risk exposures in the APAC region. We also introduce k‐forward contracts, which offer natural risk‐sharing opportunities to hedgers in different countries. We consider the example of Korea and Japan as a case study.

Source: Journal of Risk & Insurance

DOI: 10.1111/jori.12194

Authors: Enrico Biffis, Yijia Lin, Andreas Milidonis

Institutions: University of Nebraska–Lincoln, Nanyang Technological University, Georgia State University, University of Cyprus, Imperial College London

Language: English

Topic: Insurance, Mortality, Demography, Risk Management

Subfield: Demography

Field: Social Sciences

Domain: Social Sciences

SDG: Good health and well-being

Open Access status: bronze

OpenAlex ID: W3124678073

FWCI: 6.399

Cites: 33

Cited by: 20

Related to: 10