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Title:ÌýMutual insurance schemes.

´¡²ú²õ³Ù°ù²¹³¦³Ù:ÌýIf insurance risk is shared within a pool of individuals without risk transfer to an insurer, this is called mutual insurance. This century-old concept may regain popularity as today’s digital technology allows easy and legally binding ways to implement such schemes. This is for example documented by the rise of the (disability) insurance platform Xianghubao in China (more than 100 million subscribers, founded 2018) or the pensiontech Nuovalo (founded 2020). This talk looks at the design, risk management and actuarial fairness of such schemes. Our emphasis is on heterogeneous pools, where for example a pool of people with different risk characteristics (health, age) aim for a lifelong retirement income (products named pooled annuities, group-self annuitization schemes, survivor funds or modern tontines). Introducing the concept of a modern „life-care tontine“, the talk shows how lifelong mutual schemes are supplemented by a long-term care rider, giving the advantage to pool competing mortality and morbidity risks.

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For Zoom meeting please contact Marie-Pier.Cote [at] act.ulaval.ca

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