A contract that involves the insured paying a premium to an insurance company in exchange for protection against the risk of a large loss.
Peter Nakada is a Managing Director, capital markets at Risk Management Solutions (RMS). We had a chance to speak to Peter about...
S. Jay Olshansky is a Professor in the School of Public Health at the University of Illinois at Chicago and Research Associate at the Center on Aging at the University of Chicago and at the London School of Hygiene and Tropical Medicine. Much of Dr. Olshanky's research has focused on the upper limits to human longevity and the health and public policy implications associated with aging. We had an opportunity to connect with Jay at the recent SOA Living to 100 Symposium.
AD: As an expert...
Duration is a measure of the time associated with cash flows or payments from a bond. Duration measures the amount of time (in years from the purchase date) required for a bond owner to receive interest and principal payments that are equal to the cost of the bond.
Long duration bonds have payments that are spread-out over a relatively long period of time (...
