Description: We propose an age-shift model to modify the LC model and deal with the problem of parameters. The proposed method attains smaller estimation errors with respect to mean absolute percentage error or mean square error. We also apply the proposed age-shift model to the mortality rates of these four countries to evaluate the longevity risk in annuity products by measuring life expectancy.

Description: Presented at the Living to 100 Symposium, January 2011. This study explores increasing life expectancy by examining the basic properties of survival curves. Specifically, the author checks for signs of mortality compression, using a non-traditional approach. The results indicate that human longevity is likely to increase, at least for a while, and longevity risk should be seriously considered in pricing annuity products. Some suggestions for dealing with the longevity risk are also proposed.

Description: In this paper, we derive three important longevity Greeks on the basis of an extended version of the Lee-Carter model that incorporates stochastic volatility.

Description: The article considers how actuaries have responded to long term changes in the past and considers how to deal with two changes ion the future: pension provision when bond yields are low and long term care.

Description: Living to 100 symposia are held every three years and they offer a mix of technical content, leading edge speakers on biological and societal developments and implications for society of developments in mortality. They provide insight into areas of controversy. These are multi-disciplinary discussions. This article offers some highlights from the 2020 Living to 100 focused on retirement actuaries.

Description: A Discussion of why female mortality is higher than male mortality at higher ages.

Description: Benefits of attending the Symposium in building a knowledge framework on issues affecting longevity and older ages.

Description: Identifies current trends and considerations when setting the mortality improvement assumption for individual life insurance in the US.

Description: This report discusses drivers of U.S. mortality improvement for the short and long term.

Description: Three papers use sophisticated actuarial methods to develop a straightforward retirement income strategy that can be implemented in virtually any IRA or 401(k).