Aleš Kozubík
University of Žilina – Faculty of Management Science and Informatics – Department of the Mathematical Methods and Operations Research, Univerzitná 8215/1, 010 26 Žilina, Slovak Republic​

2nd International Scientific Conference – EMAN 2018 – Economics and Management: How to Cope With Disrupted Times, Ljubljana – Slovenia, March 22, 2018, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; Faculty of Management Koper, Slovenia; Doba Business School – Maribor, Slovenia; Integrated Business Faculty –  Skopje, Macedonia; Faculty of Management – Zajecar, Serbia, ISBN 978-86-80194-11-0


Life insurance and pension systems have been exposed to new risks in recent decades. In addition to unfavorable demographic developments in the field of natality, they must also face the long-term phenomenon. The article presents an empirical analysis of the real data from the mortality tables of the V4 countries. The analysis shows that there is a significant prolongation of life in all four countries, which puts the threats of solvency. The paper also highlights the possibility of securitization of this risk.

Key words

Life insurance, longevity, risk transfer.


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