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martedì, 2 mar 2010
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Home Service industry news Tertiary news Longevity swaps: Live long and prosper

Longevity swaps: Live long and prosper

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DEATH comes to everyone. The timing is much less certain. Longevity risk, the risk that people will live longer than expected, weighs heavily on those who run pension schemes and on insurers that provide annuities. Actuaries have a track record of systematically underestimating gains in life....

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