Sale!

Life Settlements and Longevity Structures: Pricing and Risk Management

Amazon.com Price:  $63.68 (as of 12/05/2019 19:22 PST- Details)

Description

Contemporary turbulence in the financial markets has highlighted the need for diversified portfolios with lower correlations between the different investments. Life settlements meet this need, offering investors the prospect of high, stable returns, uncorrelated with the broader financial markets.

This book provides readers of all levels of experience with very important information at the process surrounding the acquisition and management of a portfolio of life settlements; the assessment, modelling and mitigation of the associated longevity, interest rate and credit risks; and practical approaches to financing and risk management structures. It begins with the history of life insurance and looks at how the need for new financing sources has led to the growth of the life settlements market in the US.

The authors provide a detailed exploration of the mathematical formulae surrounding the generation of mortality curves, drawing a parallel between the tools deployed in the credit derivatives market and those to be had to model longevity risk. Structured products and securitisation techniques are introduced and explained, starting with simple vanilla products and models before illustrating one of the most investment structures associated with life settlements. Capital market mechanisms to be had to lend a hand the investor in limiting the risks associated with life settlement portfolios are outlined, as are opportunities to use life settlement portfolios to mitigate the risks of traditional capital markets. The last section of the book covers derivative products, either to be had now or under consideration, with a purpose to reduce or potentially get rid of longevity risks within life settlement portfolios. It then reviews hedging and risk management strategies and considers learn how to measure the effectiveness of risk mitigation.

 

Home » Shop » Books » Subjects » Business and Money » Insurance » Life » Life Settlements and Longevity Structures: Pricing and Risk Management

Recent Products