Guest lecture - Longevity Risk
Financial risk arising from the increasing of life expectancy. This is all in a nutshell. To know more, come to the lecture: forecasting, modelling, quantification.
Prof. Peter Vékás from Corvinus University in Budapest, holds a guest lecture within insurance and finance. The lecture is encapsulated in the course STK4540, but it is open to all students and research who want to taste the problems connected with forecasting, modelling, quantifying longevity risk.
Specifically, human life expectancies have increased significantly in the past centuries due to advances in healthcare, nutrition and work conditions. This tendency is fortunate for humans, but it presents challenges to pension schemes and life insurance companies selling annuities. The financial risk arising from increasing life expectancies is called longevity risk, and it is important to forecast mortality rates and life expectancies accurately in actuarial practice in order to minimize its negative consequences. In this guest lecture, students will get acquainted with multiple aspects of longevity risk and the popular Lee-Carter model for mortality forecasting.
A presentation of the speaker is here.
Péter Vékás is is visiting the department and the Section Risk and Stochastics for one week September 17-23, 2022 within the Erasmus mobility program. During his stay he is holding a research seminar within the STAR series on September 23, see here, and a lecture at CAS together with the Demographic society on September 20, see here