July 2021
CIR Research
Ermanno Pitacco, Director, Center for Insurance Research (former DemoLab), Academic Director of the Master in Insurance and Risk Management and Member of the Core Faculty in Insurance & Risk Management.
The book aims to provide the reader with answers to some fundamental questions regarding life annuities and post-retirement income. Readers will understand the specificity of life annuity products with respect to other products from both the insurer’s and the annuitant’s perspective.
What is the individual longevity risk? What is an annuity and what is a life annuity? Why and when a life annuity should be purchased? How should life annuity design be improved to enhance voluntary annuitisation?
Life annuities continue to be important products, even more so now in a low interest rate environment.
Annuities markets have seemed huge innovation, with new ideas are under development. The global trend away from defined benefit pension plans to defined contribution pension plans has emphasised the importance of annuities, as a way of delivering pension income in a defined contribution setting.
Full description of the book is available here.
The book aims to provide the reader with answers to some fundamental questions regarding life annuities and post-retirement income. Readers will understand the specificity of life annuity products with respect to other products from both the insurer’s and the annuitant’s perspective.
What is the individual longevity risk? What is an annuity and what is a life annuity? Why and when a life annuity should be purchased? How should life annuity design be improved to enhance voluntary annuitisation?
Life annuities continue to be important products, even more so now in a low interest rate environment.
Annuities markets have seemed huge innovation, with new ideas are under development. The global trend away from defined benefit pension plans to defined contribution pension plans has emphasised the importance of annuities, as a way of delivering pension income in a defined contribution setting.
Full description of the book is available here.
