Supply of annuities
Supply of annuities
This chapter examines the supply of annuities, and discusses the regulatory framework. It discusses the market share of annuity business in the UK and the risk-management of annuity contracts by annuity providers, in relation to interest rate risk and cohort-mortality risk.
Keywords: life insurance, risk management, interest rates, cohort-mortality risk, mortality securitization, mortality swaps
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