The Longevity Risk of Annuity
Date Issued
2006
Date
2006
Author(s)
Chen, Jian-Jhang
DOI
zh-TW
Abstract
Besides interest risk, mortality risk is the other important issue that the insurers confront. Take annuitant for example, unexpected life extension will cause underestimation on actuarial premium and insurers thus take the risk that the premium is not able to pay the benefit. It is also called the Longevity Risk. This study uses Lee-Carter model and CMI model to predict the trend of the mortality rate in Taiwan, calculate the annuity premiums for the sale of the insurance company and evaluate the mortality risk faced by insurer.
Subjects
Lee-Carter模型
CMI模型
年金生命表
第四回經驗生命
Lee-Carter Model
CMI Model
Life table
Type
thesis