|6th - 8th July 2011 | Utrecht / Netherlands|
Longevity risk emerged in the focus of pension funds and life insurers after the financial crisis. The returns on asset portfolios decreased and it is expected that interest rates will stay low for the coming time being followed by a period of inflation, which is causing lower real returns too.
At the same time, the remaining life expectancy is still increasing. Therefore the net present value of the liabilities of the life insurance company and the pension fund will increase.
The issue is further sharpened by the discussion regarding a ring fencing around assets and liabilities for the inactive participants in pension funds. In this case the asset returns should fully compensate for the excess NPV due to longer life expectancy. It is therefore interesting to focus on longevity risk including the possibilities to hedge at least parts of this risk.
In this seminar the various perspectives on longevity risk resulting from various disciplines will be discussed and first approaches will be derived from workshops.