Advanced Mortality Modeling and Management of Longevity Risk

Catalog description

Exposes students to a wide variety of advanced models for forecasting human mortality. Explains the relevant repositories of mortality data in the context of application of most-used advanced mortality forecasting models. Presents both discrete time as well as continuous time stochastic mortality models. Students also learn about approaches for managing longevity risk via natural hedging, reinsurance and mortality-linked derivatives as well as pricing of basic insurance products in the context of advanced mortality models.