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Old-Age Provision: Past, Present, Future

European Actuarial Journal, Forthcoming

Swiss Finance Institute Research Paper No. 16-55

22 Pages Posted: 17 Sep 2016 Last revised: 20 Sep 2016

Hansjoerg Albrecher

University of Lausanne

Paul Embrechts

Swiss Federal Institute of Technology Zurich

Damir Filipović

Ecole Polytechnique Fédérale de Lausanne; Ecole Polytechnique Fédérale de Lausanne - Ecole Polytechnique Fédérale de Lausanne

Glenn W. Harrison

Georgia State University - J. Mack Robinson College of Business

Pablo Koch-Medina

University of Zurich - Department of Banking and Finance; Swiss Finance Institute

Stéphane Loisel

University of Lyon 1 - Institute of Finance and Insurance Science (ISFA)

Paolo Vanini

University of Basel

Joël Wagner

University of Lausanne - Department of Actuarial Science (HEC Lausanne); Swiss Finance Institute

Date Written: June 14, 2016

Abstract

This is a summary of the main topics and findings from the Swiss Risk and Insurance Forum 2015. That event gathered experts from academia, insurance industry, regulatory bodies, and consulting companies to discuss the past and current developments and necessary next steps for dealing with old-age provision. Topics include the pension funding gap, demographic and societal challenges, the valuation of pension liabilities, economic and regulatory capital models, and the role of financial markets.

Keywords: Pension funding gap, Demographic and societal challenges, Valuation of pension liabilities, Economic and regulatory capital models, Role of financial markets

JEL Classification: H55, G22, G28

Suggested Citation

Albrecher, Hansjoerg and Embrechts, Paul and Filipović, Damir and Harrison, Glenn W. and Koch-Medina, Pablo and Loisel, Stéphane and Vanini, Paolo and Wagner, Joël, Old-Age Provision: Past, Present, Future (June 14, 2016). European Actuarial Journal, Forthcoming; Swiss Finance Institute Research Paper No. 16-55. Available at SSRN: https://ssrn.com/abstract=2839253 or http://dx.doi.org/10.2139/ssrn.2839253

Hansjoerg Albrecher

University of Lausanne ( email )

Lausanne, Vaud CH-1015
Switzerland

Paul Embrechts

Swiss Federal Institute of Technology Zurich ( email )

ETH-Zentrum
CH-8092 Zurich
Switzerland

Damir Filipovic (Contact Author)

Ecole Polytechnique Fédérale de Lausanne ( email )

Odyssea
Station 5
Lausanne, 1015
Switzerland

HOME PAGE: http://people.epfl.ch/damir.filipovic

Ecole Polytechnique Fédérale de Lausanne - Ecole Polytechnique Fédérale de Lausanne ( email )

c/o University of Geneve
40, Bd du Pont-d'Arve
1211 Geneva, CH-6900
Switzerland

Glenn William Harrison

Georgia State University - J. Mack Robinson College of Business ( email )

P.O. Box 4050
Atlanta, GA 30303-3083
United States
407-489-3088 (Phone)
253-830-7636 (Fax)

HOME PAGE: http://www.cear.gsu.edu/

Pablo Koch-Medina

University of Zurich - Department of Banking and Finance ( email )

Plattenstrasse 14
Zürich, 8032
Switzerland

Swiss Finance Institute ( email )

c/o University of Geneva
40, Bd du Pont-d'Arve
CH-1211 Geneva 4
Switzerland

Stéphane Loisel

University of Lyon 1 - Institute of Finance and Insurance Science (ISFA)

50, Avenue Tony Garnier
Lyon Cedex 07, 69366
France

Paolo Vanini

University of Basel ( email )

Petersplatz 1
Basel, CH-4003
Switzerland

Joël Wagner

University of Lausanne - Department of Actuarial Science (HEC Lausanne) ( email )

Switzerland

HOME PAGE: http://people.unil.ch/joelwagner

Swiss Finance Institute ( email )

c/o University of Geneva
40, Bd du Pont-d'Arve
CH-1211 Geneva 4
Switzerland

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