Bhuyan Life Markets

Trading Mortality and Longevity Risk with Life Settlements and Linked Securities
1. Auflage 2009
ISBN: 978-0-470-50812-1
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 288 Seiten, E-Book

Reihe: Wiley Finance Editions

A complete guide to longevity finance
As the Baby Boomer population continues to age and the need forthe securitization of life insurance policies increases, morefinancial institutions are looking towards longevity trading as asolution. Consequently, there is now a need for innovativefinancial products and strategies that have the ability to hedgelongevity exposure for pension funds, reinsurance companies, andgovernments. These products and strategies are currently beingdeveloped with the use of life settlements. Here, author VishaalBhuyan provides a complete guide to this burgeoning sector. InLife Markets, Bhuyan and a team of expert contributors fromleading firms offer an extensive look at how to trade lifesettlements.
* Provides practical guidance to the growing field of longevityfinance
* Outlines the innovative financial products that are populatingthis field
* Highlights a safe haven for investors seeking returns introubled times
Covering everything from the history of life settlements tomaking a transaction-pricing, service providers, exchanges, andmore-this book contains extensive coverage of the many issuessurrounding longevity finance.

Autoren/Hrsg.

Bhuyan, Vishaal B.

Inhaltsverzeichnis

List of Contributors.
Foreword by Dennis Gartman.
Preface.
Acknowledgments.
Part One: Life Settlement Basics.
Chapter 1: A Brief History of Life Settlements (Vishaal B.Bhuyan).
Chapter 2: Features of Life Insurance (Vishaal B. Bhuyan).
Chapter 3: What is a Life Settlement (Dr. David Blake and DebbieHarrison).
Chapter 4: Parties Involved (Vishaal B. Bhuyan).
Chapter 5: Other Involved Parties (Vishaal B. Bhuyan).
Chapter 6: Underwriting (Michael Fasano).
Chapter 7: Life Insurance Policy Swaps (Vishaal B. Bhuyan).
Chapter 8: Premium Financing (Vishaal B. Bhuyan).
Part Two: Securitization.
Chapter 9: Life Settlement Securitization (Emanuel Modu).
Part Three: Analytics and Pricing.
Chapter 10: Life Settlement Pricing (I. James Cavoli).
Chapter 11: Using Life Extension-Duration and LifeExtension-Convexity to Value Senior Life Settlement Contracts(Charles A. Stone and Anne Zissu).
Chapter 12: Real Options Approach to Life Settlement Valuation(Joseph R. Mason and Hal J. Singer).
Part Four: Risk Explored.
Chapter 13: Risks Associated with Life Settlements (NemoPerera).
Chapter 14: The Risks of a Securitized Portfolio of Senior LifeSettlement (Charles A. Stone and Anne Zissu ).
Chapter 15: Synthetics (Antony R. Mott).
Part Five: Regulation.
Chapter 16: Life Settlements (Boris Ziser and JosephSelvidio).
Chapter 17: Regulatory Issues & Insurance Company Reaction(George J. Keiser).
Chapter 18: Tax Implications (Micah W. Bloomfield).
Part Six: Ethical Issues.
Chapter 19: The Ethics of Profiting From Mortality (David Blakeand Debbie Harrison).
About the Author.
Index.

Über Autor(innen)

VISHAAL B. BHUYAN is the Managing Partner of VB Bhuyan & Co., an advisory firm focused on educating institutional investors on the life markets. As an advisor, Bhuyan assists institutional investors on building profitable trading strategies that utilize a number of mortality and longevity risk related products. In addition to delivering presentations, Bhuyan has been featured, or published in, a number of widely read financial and economic publications and publishes the Wave Report, a monthly market commentary on the life markets. Bhuyan is a graduate of the University of Pennsylvania.