Is Longevity Risk Insurable?

Nicole EL KAROUI * LPSM, UMR CNRS 6632, Sorbonne Université.

Stéphane LOISEL *** Université de Lyon, Université Claude Bernard Lyon 1, LSAF EA2429, ISFA.Contact : stephane. loisel@univ-lyon1.fr.

In this paper, we study the question of insurability of longevity risk thanks to an Enterprise Risk Management approach. We start by identifying the different components of longevity risk. Then, we present the different ways to model, measure and detection changes in this risk. Finally, we study the possible risk controls and their associated residual risks.