For insurers and reinsurers to be better at managing product risks across various lines of businesses, management teams must be proactive in recognizing embedded risk factors at ground level. One of the risks that insurers have always dealt with and one that is still getting attention, is longevity risk.
During the session, presenters will demonstrate financial impacts of longevity risk with interest risk by utilizing stress and scenarios analysis for a payout (immediate) annuity product. From a micro-economic point of view, the presenter will show how both longevity and interest rate risks have an effect at product level. From a macro-economic scale, the presenter will discuss why each company may carry different risk exposures but face a similar operational dilemma. In addition, a long-term social effect of improved life expectancies from a study of Office of National Statistics, will be used to connect this research.
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1.80 SOA CPD
1.50 CIA
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Fee:$144.00*Other discounts may apply
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Presented By:
Joint Risk Management Section
