Special Reports
Longevity: Living longer, costing more
01 May 2013
In 1985, for every person turning 65, there were 10 new people of working age. According to estimates from the UN, by 2040, for every person turning 65, there will be less than one additional person...
Longevity: The great age of divestment
01 May 2013
Martin Steward looks at evidence for the demographic ‘asset meltdown’ theory, some investment strategy implications – and the major caveats attached to putting too much store in it
Longevity: The second fiscal crisis
01 May 2013
Unchallenged, the projected costs of ageing in Europe are truly terrifying. But Douglas Renwick and Eugene Chiam point to potentially significant long-term mitigation that can – and has – come from...
Longevity: Back to first principles
01 May 2013
Andrew Hunt and David Blake present a new, general procedure for constructing mortality models that unbundles the age, period and cohort dimensions in the data, resulting in better understanding of...
Longevity: A healthier way to de-risk
01 May 2013
Trustees could secure big savings by de-risking through medically-underwritten bulk purchase annuities, argues Debbie Harrison. That could mean the difference between affordability and...
Longevity: Re-distributing the risks
01 May 2013
Bernhard Brunner makes the case for government involvement to kick-start capital-market longevity-hedging instruments
Longevity: Time to get the tradesmen in
01 May 2013
With buyout deals and pipelines buoyant as more DB schemes close to future accrual and sponsors bite the cost bullet, Pádraig Floyd asks whether the short trend for ‘DIY’ has already run its course
Insurance-Linked Investments: Herding cats... and other insurance-linked risks
02 Apr 2013
It is not always easy to tell what someone means when they talk about ‘insurance-linked investments’ – but distinctions are imperative because the various components of this complex market present...
Insurance-Linked Investments:Integrating catastrophe risk
02 Apr 2013
Reinsurance risk is clearly diversifying against pension funds’ core financial market risks. But Martin Steward writes on the importance of defining objectives beyond simple diversification when...
Insurance-Linked Investments: AQR Re: where quakes meet quants
02 Apr 2013
Martin Steward met the reinsurance team established by quantitative asset manager AQR Capital Management
Insurance-Linked Investments: Appetite for catastrophe
02 Apr 2013
Investors cannot get enough of the catastrophe bond market, writes Charlotte Moore, but the potential for equilibrium, albeit at lower returns, is there
Insurance-Linked Investments: Consider your options
02 Apr 2013
Options strategies offer premiums for insuring against financial market risks. Joseph Mariathasan looks at strategies that attempt to collect these while protecting against the worst of the tail risks
Insurance-Linked Investments: Doctor in the house?
02 Apr 2013
Lynn Strongin Dodds outlines the importance of quality medical underwriting and ongoing assessment of life expectancies in the traded life policy world
Insurance-Linked Investments: Berkshire’s leverage
01 Apr 2013
Andrea Frazzini, David Kabiller and Lasse H Pedersen unpick Warren Buffett’s business model and find a low-beta quality portfolio leveraged with an insurance float and derivatives
Europe's Pension Consultants: The long game
01 Mar 2013
The static long-term assumptions of past consulting methodologies are no longer fit for purpose. But Brendan Maton finds that developing new approaches is a tough intellectual and practical challenge
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