scholarly journals Feasibility assessment of longevity swap for the Korean life annuity market

2021 ◽  
Vol 28 (6) ◽  
pp. 655-671
Author(s):  
Changsoo Lee ◽  
Jimin Hong ◽  
Seongmin Kim
Keyword(s):  
Feasibility Assessment ◽  
Life Annuity ◽  
Annuity Market ◽  
Longevity Swap

Bringing cost transparency to the life annuity market

2014 ◽  
Vol 56 ◽  
pp. 14-27 ◽  
Author(s):  
Catherine Donnelly ◽  
Montserrat Guillén ◽  
Jens Perch Nielsen
Keyword(s):  
Cost Transparency ◽  
Life Annuity ◽  
Annuity Market

scholarly journals Managing Systematic Mortality Risk in Life Annuities: An Application of Longevity Derivatives

Risks ◽  
2019 ◽  
Vol 7 (1) ◽  
pp. 2 ◽  
Author(s):  
Man Chung Fung ◽  
Katja Ignatieva ◽  
Michael Sherris
Keyword(s):  
Risk Premium ◽  
Mortality Data ◽  
Longevity Risk ◽  
Stochastic Mortality ◽  
Life Annuity ◽  
Analytical Formulae ◽  
Life Annuities ◽  
Longevity Swap ◽  
Stochastic Mortality Model ◽  
Benefits And Costs

This paper assesses the hedge effectiveness of an index-based longevity swap and a longevity cap for a life annuity portfolio. Although longevity swaps are a natural instrument for hedging longevity risk, derivatives with non-linear pay-offs, such as longevity caps, provide more effective downside protection. A tractable stochastic mortality model with age dependent drift and volatility is developed and analytical formulae for prices of longevity derivatives are derived. The model is calibrated using Australian mortality data. The hedging of the life annuity portfolio is comprehensively assessed for a range of assumptions for the longevity risk premium, the term to maturity of the hedging instruments, as well as the size of the underlying annuity portfolio. The results compare the risk management benefits and costs of longevity derivatives with linear and nonlinear payoff structures.

Development of SETS E-Module Integrated with POE Model for Science Learning

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Insih Wilujeng ◽  
Tri Suci Yolanda Putri
Keyword(s):  
Junior High School ◽  
Science Learning ◽  
Design Development ◽  
Feasibility Assessment ◽  
Teachers And Students ◽  
Assessment Sheet ◽  
The Subject ◽  
Analysis Design ◽  
Addie Model ◽  
Readability Assessment

This research developed Science, Environment, Technology, Society (SETS) e-module integrated with predict, observe, explain (POE) model on the subject matter of Earth Layer and Its Dynamics for grade VII students. This study aimed to reveal i) the feasibility of the developed e-module for grade VII students, and ii) the practicality of the developed e-module and its dynamics. This is a developmental research adopting the ADDIE model consisting of five stages, i.e.: analysis, design, development, implementation, and evaluation. The subject of the limited test consisted of 15 students of grade VIII.G of Public Junior High School 8 Yogyakarta. The data were collected using a product feasibility assessment sheet for material and media experts, a product practicality assessment sheet for teachers, and a product readability assessment sheet for students. The results show that the developed e-module was feasible to be used according to the material and media experts and the developed e-module is practical according to teachers and students.

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