Daniel Cho, Katja Hanewald and Michael Sherris
We analyse the risk and profitability of reverse mortgages with lump-sum or income stream payments from the lender's perspective
Daniel Cho, Katja Hanewald and Michael Sherris
We analyse the risk and profitability of reverse mortgages with lump-sum or income stream payments from the lender's perspective
Ramona Meyricke and Michael Sherris
This paper quantities the financial impact of frailty on underwritten annuities.
Daniel H. Alai, Severine Gaille and Michael Sherris
Changes in underlying mortality rates significantly impact insurance business as well as private and public pension systems.
Andy Wong, Michael Sherris, and Ralph Stevens
This paper uses stochastic mortality and interest rate models to assess life and annuity capital requirements and quantify the benefits of natural hedging taking into account relative profit loadings on products.
Cagri S. Kumru and Saran Sarntisart
In this paper we provide a model that aims to answer the following questions: First, under what conditions an alternative banking system would arise? Second, what are the growth, and welfare implications of these banking systems?
Severine Gaille, Michael Sherris
This paper applies VECM to cause-of-death mortality rates in order to assess the dependence between these competing risks.
Daniel Alai, Hua Chen, Daniel Cho, Katja Hanewald and Michael Sherris
In this paper, we compare cash flows and risk profiles from the provider's perspective for reverse mortgage and home reversion contracts.
Hazel Bateman, Andy Lai, and Ralph Stevens
We assessed alternative presentations of investment risk using a discrete choice experiment which asked subjects to rank three investment portfolios for retirement savings across nine risk presentation formats and four underlying risk levels.
Julie R. Agnew, Hazel Bateman, and Susan Thorp
We implement a customised survey to a representative sample of 1,024 Australians to examine the relationship between financial literacy and retirement planning.