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.
Because of the long-term nature of life insurance policies including interest rate guarantees and the current low interest rate environment, the fair valuation of insurance contracts is of particular interest. Fair valuation is often discussed on a single
Tontines, retirement products where 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 provide stable payments t
According to figures by United Nations, the number of elderly people, i.e. older than 65, is projected to triple from 2020 to 2080 to reach 2.2 billion. The global share of the elderly population is expected to rise from 9.4% in 2020 to 20.6% in 2080. Thi