Longevity Risk Quantification and Management: A Review of Relevant literature
Research Projects – Life Insurance
The Committee on Life Insurance Research, Product Development Section and Reinsurance Section are pleased to make the following report available. Performed by the Ernst & Young team of Thomas Crawford, Richard de Haan and Chad Runchey, this research reviewed literature on longevity risk. The paper summarizes results and addresses topics including the emergence and quantification of longevity risk; current and future risk management techniques; and products currently in the market that are exposed to longevity risk. The appendices include a summary of each paper reviewed for the study.
The sponsors would like to thank the members of the Project Oversight Group:
- Michael Shumrak, Chair
- Erik Gravelle
- Jeff Harper
- Dustin Hetzler
- Bob Lau
- Jan Schuh
- Ronora Stryker
- Karen Tan
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