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A Review of Catastrophic Risks for Life Insurers

Identifieur interne : 001193 ( Main/Exploration ); précédent : 001192; suivant : 001194

A Review of Catastrophic Risks for Life Insurers

Auteurs : Alex Huynh ; Aaron Bruhn ; Bridget Browne

Source :

RBID : ISTEX:14C9C76C589AE48E03FD947E1B3EC297871DE1F8

English descriptors

Abstract

Catastrophic mortality events are characterized by a sudden and concentrated increase in mortality and as such present a major risk to life insurers. Such events include pandemics, war, natural disasters, terrorist attacks, and industrial, transport, and other accidents. Of these, pandemics arising from influenza are considered the most significant threat to the life insurance industry due to their capacity to cause a major increase in claims. We review the features and mortality implications of an influenza pandemic for life insurers, and describe a range of other risks that are likely to emerge as well.

Url:
DOI: 10.1111/rmir.12011


Affiliations:


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Le document en format XML

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<div type="abstract">Catastrophic mortality events are characterized by a sudden and concentrated increase in mortality and as such present a major risk to life insurers. Such events include pandemics, war, natural disasters, terrorist attacks, and industrial, transport, and other accidents. Of these, pandemics arising from influenza are considered the most significant threat to the life insurance industry due to their capacity to cause a major increase in claims. We review the features and mortality implications of an influenza pandemic for life insurers, and describe a range of other risks that are likely to emerge as well.</div>
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