Description: China’s pension system has transformed from traditional retirement system based on command economy to modern pension system based on market economy .

Description: China’s pension system has transformed from traditional retirement system based on command economy to modern pension system based on market economy.

Description: In the June 2014 issue of Product Matters, Doug Robbins of Pacific Life authored a fascinating article entitled “Velocity of Diversification.” Therein, he proposed a pricing measure that describes the “…speed at which confidence in profitability is attained”. How can stochastic modeling of mortality be applied to analyze the velocity of diversification, and how would that measure be affected by volatility in the underlying assumptions?