Underestimating life expectancy by just one year can increase a pension plan’s liability by up to 5%, according to Swiss Re. And, this poses a problem for many parties involved, especially since people’s life expectancy has risen substantially over recent years, and likely will continue to rise.
In its report, “A short guide to longer lives: Longevity-funding issues and potential solutions,” Swiss Re examines what (re)insurers and other parties can do to help address the challenges faced by societies as a result of increased life expectancy.
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