Pricing the Risk on Longevity Bonds

  title={Pricing the Risk on Longevity Bonds},
  author={Andrew J. G. Cairns and David Blake and Paul and Dawson and Kevin Dowd},
The impact of increasing longevity on pension provision has become a major concern recently. More effective management of longer-term mortality risk has been made possible following a recent and innovative bond issue. We analyse the risk premium embedded in this instrument and argue that demand for further such instruments and innovations can be expected. 

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