Research On Management Of Mortality Risk

Longevity risk refers to the individual or the general population future average actual life is higher than the life expectancy, or the risk because the future mortality of actual value and expected value is inconsistent. With the continuous decline in mortality of population in our country (especially high age) and increasing life expectancy, the overall population longevity risk has become one of the main risks of insurance companies and pension institutions, the risk has also become the focus of theory and practice research, the overall population longevity risk is the main research of this paper.This paper studies the risk causes and management strategies based on the analysis on the longevity risk. First of all, this paper will from the perspective of longevity risk itself, defines the concepts, causes and effects of the longevity risk, analyses the longevity risk in China. This paper introduces the historical evolution of longevity risk management and related management methods, tries to make a rich theoretical basis. The longevity risk management situation of China will be introduced to reveal the advantages and disadvantages of the current longevity risk management. We will focus on the shortcomings and its causes, and introduce the foreign longevity risk management history.Secondly, this paper uses quantitative research methods, will conduct a comprehensive introduction to the classic model, and makes a comparative study on measurement method and corresponding model, followed by fitting and prediction of the mortality model. On the basis of risk assessment, we will use econometric analysis and mathematical model derivation method, introduces financial derivative products of longevity risk management. To introduce and analyses existing derivatives, and focuses on the securitization of longevity products and related product design. We will focus on the longevity of securitization products and design the product.Finally, this paper will focus on the present situation of risk management of longevity and risk securitization product development to provide the basis for decision making for the relevant departments, we will propose targeted, scientific and practical suggestions. Put forward corresponding management countermeasures from macro and internal level to promote the effective development of our country’s longevity risk management.