Macquarie University has been appointed by the Life & Longevity Markets Association (LLMA) to lead a project on assessing basis risk for longevity transactions.
A methodology for assessing longevity basis risk developed by Hymans Robertson and Cass Business School will help bring index-based longevity swaps into the mainstream, say actuaries.
Hymans Robertson and Cass Business School have launched a research project to develop a method of assessing the basis risk in longevity transactions.
The Life and Longevity Markets Association has launched a set of four indices to be used a global reference for the transfer of longevity risk to investors.
Jaishree Kalia reports that interest in hedging the longevity risk of active members could soar internationally following the news of the world's first such hedge being used in the UK
The Life & Longevity Markets Association has unveiled a series of publications on longevity, as part of a drive to further standardise the longevity market and to bring the creation of a longevity market one step closer.
Schemes could "considerably" reduce longevity basis risk by utilising index-based longevity hedges, academics say.
The Life and Longevity Markets Association has unveiled proposals for a standardised framework for longevity indices, to help facilitate market participants doing longevity transactions.