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Article: Studies from G. Ferro and colleagues provide new data on risk and insurance.
- Article from:
- Insurance Weekly News
- Article date:
- February 20, 2009
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"This paper deals with the reaction of the life insurance industry to aging and the next massive decumulation phase of pension funds worldwide. The industry has a well-established product, which is the annuity, a unique instrument to cope with longevity risk," scientists in Buenos Aires, Argentina report.
"But annuity markets remain thin. Demand-and supply-side elements of the market are explored and also regulatory issues. Some proposals are made for a more proactive involvement of the industry in the pension business by addressing demand side, supply side and regulatory concerns," wrote G. Ferro and colleagues.
The researchers concluded: "The proposal ...