Longevity risk transfer markets: market structure, growth drivers and impediments, and potential risks

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Longevity risk transfer markets: market structure, growth drivers and impediments, and potential risks

By Bank for International Settlements (BIS)

This 2013 landmark report by the Joint Forum addresses the systemic implications of the Longevity Risk Transfer (LRT) markets—a critical frontier where aging demographics intersect with financial stability. Longevity risk, the financial threat of paying out on pensions and annuities for longer than forecasted, has evolved from a pure insurance concern into a complex capital market activity.

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