Optimal Demands for Life Insurance and Annuities
A special issue of Risks (ISSN 2227-9091).
Deadline for manuscript submissions: closed (31 March 2018) | Viewed by 5338
Special Issue Editor
Interests: risk management and insurance; mathematical optimization; business cycle prediction; tail risk analysis; moment problems; portfolio management
Special Issues, Collections and Topics in MDPI journals
Special Issue Information
Dear Colleagues,
The problem of increasing life expectancy and ageing population has attracted attentions from both academics and practitioners in developed, as well as emerging, countries for years. While recent literature has provided extensive discussions that advocate more accurate mortality prediction models, more efficient pension fund management strategies, and more effective product designs and innovations, it typically ignores or at least fails to highlight the importance of the traditional products such as life insurance policies and annuities in reconciling the problem of outliving retirement incomes. A proper use of these traditional products based on good estimations of their optimal demands could greatly reduce the longevity and aging population risks. This Special Issue is aimed to promote studies of optimal demands for life insurance and annuities of an individual, a household, an institution, a subpopulation, or a country as a whole. Through this Special Issue, we would like to highlight empirical results and methods, as well as numerical algorithms related to determining the optimal life insurance and annuities demands. Analyses may consider longevity risk, natural hedging strategies, unfavorable investment environment due to low interest rates and volatile financial markets, new insurance regulations, as well as cultural barriers.
We welcome research papers or reviews, related but not limited to, the following topics:
- Microeconomic or macroeconomic modeling
- Econometric analysis
- Single-period or multi-period optimization
- Dynamic programming
- Stochastic risk modeling
- Risk sharing and risk hedging mechanisms
- Impact of regulations and cultural barriers on life insurance and annuities demands
- Financial investment strategies
All manuscripts will be refereed through the standard peer-review process of the journal.
Dr. Ruilin Tian
Guest Editor
Manuscript Submission Information
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Keywords
- life insurance
- annuities
- longevity risk and mortality risk
- natural hedging
- optimization
- dynamic programming
- bellman equation or Hamilton–Jacobi–Bellman equation
- actuarial and financial risks
- risk sharing mechanisms
- microeconomic or macroeconomic modeling
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