PT  - JOURNAL ARTICLE
AU  - Wolfgang Murmann
AU  - Richard Morris
TI  - Longevity Risk: <em>The Reshuffle Begins</em>
DP  - 2012 Sep 21
TA  - Special Issues
PG  - 18--24
VI  - 2012
IP  - 1
4099  - https://pm-research.com/content/2012/1/18.short
4100  - https://pm-research.com/content/2012/1/18.full
AB  - Longevity poses a huge financial risk to corporate pension schemes, insurers, reinsurers, and governments, with defined benefit pension schemes holding an estimated $25 trillion of unhedged longevity risk and life expectancy continuing to increase beyond expectations. This article sets out innovative approaches to passing on this risk to appropriate risk holders and the capital markets, using longevity swaps, contingent equity longevity bonds, and synthetic buy-in structures.