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dc.contributor.authorMuthie, Andrew Gachugo
dc.date.accessioned2017-03-01T08:14:15Z
dc.date.available2017-03-01T08:14:15Z
dc.date.issued2015
dc.identifier.urihttp://hdl.handle.net/11071/5054
dc.description.abstractThis paper addresses the problem of mortality risk and longevity risk and describes two ways in which life insurers, pension providers and general annuity providers can mitigate these risks. Specifically, it focuses on how these players in the Kenyan insurance market can make use of mortality bonds and longevity bonds to hedge their mortality risk and longevity risk exposures respectively. It does so by designing and pricing a Sample Kenyan Mortality Bond and a Sample Kenyan Longevity Bond. It applies the two-factor Wang transfonn method to price the bonds. Constant reference is made to a brief case study of the Swiss Re mortality bond issued in December 2003 and the EIB/BNP longevity bond that was announced in November 2004, but never issued. Finally, it develops a table matrix that can be used in describing the possible success or failure of any mortality bond or longevity bond under consideration. This table matrix is applied to the Sample Kenyan Mortality Bond and the Sample Kenyan Longevity Bond in order to infer on their possible success or failure in the Kenyan market.en_US
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.titleMortality bonds and longevity bonds: a Kenyan perspectiveen_US
dc.typeLearning Objecten_US


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