Fliegelman, ArthurMilevsky, Moshe AryeRobinson, Scott A2023-05-232023-05-232002-01-012019-09-05https://repository.upenn.edu/handle/20.500.14332/43831Our paper will examine the growth prospects and accompanying risks for the insurance industry in the payout annuity marketplace. By answering market demands in the payout annuity market and providing equity market participation with downside protection over the life of an annuitant, an insurance company exposes itself to a number of risks. We examine potential risk management solutions, including reinsurance, insurance securitization and self-insurance by the pool participants.©2002 Pension Research Council of the Wharton School of the University of Pennsylvania. All Rights Reserved.EconomicsWorking Paper