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Provisionnement des rentes viagères en Algérie entre approche statique et approche prospective
[Life Annuities Reserving in Algeria between static approach and prospective approach]

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  • FLICI, Farid

Abstract

Life expectancy at birth in Algeria keeps improving significantly at least since the independence in 1962. This longevity combined with the new constraints of the Algerian life annuity market reduces the usefulness of static life tables and accentuates the need to use prospective life tables as pricing and reserving tools. In the absence of mortality data specific to the annuity market, we propose, in this work, to rely directly on the data of the global population in order to build a prospective life table for life annuities pricing and reserving in Algeria. The results obtained under the prospective approach are compared to those obtained under the static approach.

Suggested Citation

  • FLICI, Farid, 2015. "Provisionnement des rentes viagères en Algérie entre approche statique et approche prospective [Life Annuities Reserving in Algeria between static approach and prospective approach]," MPRA Paper 91917, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:91917
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    File URL: https://mpra.ub.uni-muenchen.de/91917/1/MPRA_paper_91917.pdf
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    References listed on IDEAS

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    5. Renshaw, A.E. & Haberman, S., 2006. "A cohort-based extension to the Lee-Carter model for mortality reduction factors," Insurance: Mathematics and Economics, Elsevier, vol. 38(3), pages 556-570, June.
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    Cited by:

    1. Flici, Farid, 2015. "Mortality forecasting for the Algerian population with considering cohort effect," MPRA Paper 92173, University Library of Munich, Germany.
    2. FLICI, Farid & SENOUCI, Khadidja & HANNANI, Yasmine, 2017. "Tables de mortalité d’expérience incorporant une échelle de projection : adaptation aux cas des retraités en Algérie [Experience life tables incorporating a projection scale : adaptation to the cas," MPRA Paper 91918, University Library of Munich, Germany.
    3. Flici, Farrid, 2016. "Projection des taux de mortalité par âges pour la population algérienne [Forecasting The Age Specific Mortality Rates For The Algerian Population]," MPRA Paper 98784, University Library of Munich, Germany, revised Dec 2016.

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    More about this item

    Keywords

    Reserving; life-annuities; longevity; static life tables; prospective life tables.;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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