IA|BE Chair 2021: 03/12/2021 (15h00 - 17h00)
Central speaker: Prof. An Chen
Full professor and head of the Institute of Insurance Science at the University of Ulm, Germany.
Abstract of the presentation:
One of the major societal challenges is the changing demographics due to our aging society.
While birth rates remain low, life expectancy has been increasing continuously for several decades, leading to high costs for social security systems.
A shrinking working population has to support pensions of an increasing retiring population, which destroys an effective functioning of the statutory pay-as-you-go system.
How to provide pension security is a very challenging task in contemporary social security, both in developed industrial and developing countries?
One possible aspect to deal with the aging society is to come up with innovative retirement products which lead to a better risk-sharing among various stakeholders, e.g. longevity risk sharing between the insurer and the policyholders, or investment risk sharing between employers and employees.
In this short course, Prof. Chen would like to give an overview about various traditional and innovative, occupational and private, retirement products.
The products covered in the short course are: Life annuities, retirements tontines, combinations of annuities and tontines, defined benefit (DB) and defined contribution (DC) plans, and variable annuities.
Some practical information:
MS Teams will be used for the web session. You can also use MS Teams on your smartphone.
One day before the websession, you will receive a reminder with the link needed to participate in the websession. Please log-in via this link 5 minutes before the start of the event.
In case of any question, please contact us.