With the University of Ulm and the ifa Ulm, Ulm is an internationally leading center in actuarial science and its applications with a high degree of integration of education/training, research and its application.
Pricing longevity-linked securities in the absence of a liquid and complete market for longevity risk raises many challenges. Most of the proposed pricing approaches are based on stochastic mortality models in which the time-dependent parameters are proje
Tontines, retirement products constructed in such a way that the longevity risk is shared in a pool of policyholders, have recently gained vast attention from researchers and practitioners. Typically, these products are cheaper than annuities, but do not
The computational complexity of seriatim actuarial projections forces life insurance companies to compress their portfolio of liabilities to a set of representative model points. Since such projections are inevitable in order to meet regulatory requiremen