Managing longevity risks in Singapore : an analysis of returns on variable annuities using the Lee-Carter model, financial time series analysis and Monte Carlo simulation

• Main Authors: Sun, Si Lu, Yu, Shu Mei, Zhang, Chen
• Other Authors: Jackie Li
• Format: Final Year Project
• Language: English
• Published: 2013
• Subjects: DRNTU::Business::Finance::Actuarial science
• Online Access: http://hdl.handle.net/10356/51573
• Institution: Nanyang Technological University

Managing longevity risks is of growing importance in Singapore due to demographic changes and the unique retirement policy. There is a growing demand for variable annuity products to shield against the erosion of inflation and the diminishing annual income as life expectancy continues to improve. Ho...