Research and Markets: Life Settlements and Longevity Structures: Pricing and Risk Management

DUBLIN--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/research/84e0ff/life_settlements_a) has
announced the addition of John Wiley and Sons Ltd's new report "Life Settlements
and Longevity Structures: Pricing and Risk Management" to their offering.

Recent turbulence in the financial markets has highlighted the need for
diversified portfolios with lower correlations between the different
investments. Life settlements meet this need, offering investors the prospect of
high, stable returns, uncorrelated with the broader financial markets.

This book provides readers of all levels of experience with essential
information on the process surrounding the acquisition and management of a
portfolio of life settlements; the assessment, modelling and mitigation of the
associated longevity, interest rate and credit risks; and practical approaches
to financing and risk management structures. It begins with the history of life
insurance and looks at how the need for new financing sources has led to the
growth of the life settlements market in the United States.

The authors provide a detailed exploration of the mathematical formulae
surrounding the generation of mortality curves, drawing a parallel between the
tools deployed in the credit derivatives market and those available to model
longevity risk. Structured products and securitisation techniques are introduced
and explained, starting with simple vanilla products and models before
illustrating some of the investment structures associated with life settlements.
Capital market mechanisms available to assist the investor in limiting the risks
associated with life settlement portfolios are outlined, as are opportunities to
use life settlement portfolios to mitigate the risks of traditional capital
markets. The last section of the book covers derivative products, either
available now or under consideration, that will reduce or potentially eliminate
longevity risks within life settlement portfolios. It then reviews hedging and
risk management strategies and considers how to measure the effectiveness of
risk mitigation.

Key Topics Covered:

* Introduction by Con Keating
* 1 Life Insurance: Primary and Secondary Markets
* 2 Mortality and Credit Structures, Valuation and Risk
* 3 Structured Products and Securitization
* 4 Examples of LSP Securitization: A Principal Protected Fund
* 5 Capital Markets Products: Principal Protection
* 6 Structured Financing: Guaranteed Loan repayment
* 7 Life Settlement Derivatives
* 8 Hedging
* Appendix
* Bibliography
* Index

For more information visit
http://www.researchandmarkets.com/research/84e0ff/life_settlements_a

Research and Markets
Laura Wood
Senior Manager
press@researchandmarkets.com
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716

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