夜雨聆风南开保险精算大讲堂是南开-泰康保险与精算研究院主办的系列讲座，旨在搭建保险精算领域学术交流平台、推动相关领域的研究与合作。讲座主题涵盖保险精算、风险管理、随机过程、大数据等多个领域，欢迎校内外师生积极参加！
本期南开保险精算大讲堂活动安排如下：
01 讲座信息
讲座题目
Gender-neutral pricing, socioeconomic differentials, and welfare improvements:
the case of annuities
主讲人：Jing Ai
Dr. Jing Ai is the First Insurance Company distinguished Professor of risk management, insurance, and finance in the Shidler College of Business at the University of Hawaii at Manoa. She is also the Director of the Ph.D. Program at the Shidler College of Business. She received her Ph.D. and Master’s Degree from the University of Texas at Austin and her Bachelor’s Degree from Tsinghua University in China. Dr. Ai’s primary research interests include empirical and/or theoretical research in insurance markets and operations, insurance regulation, behavioral insurance, health financial management, household finance, and business analytical modeling with applications in insurance and finance areas. Her research papers have appeared in premier academic journals, and she has served as a keynote speaker or an invited panelist at many national and international conferences in risk management, insurance, and finance. Dr. Ai is currently serving as an associate editor for the Society of Actuaries’ premier academic journal, the North America Actuarial Journal (NAAJ), and has been on the editorial boards of many other academic journals. She is the Vice President of the Asia-Pacific Risk and Insurance Association (APRIA), and is actively engaged with many academic and professional organizations. Dr. Ai has also had extensive collaborations with the business communities and regulators on key issues pertaining to the insurance industries.
02 内容介绍
Abstract: Longevity risk and population aging continue to be a significant challenge for individuals and governments worldwide. Government and private annuities are frequently sought for as a potential solution for these challenges. The annuity market, while dealing with the continued low annuitization rates known as the “annuity puzzle”, has also seen new regulations banning the practice of contracting on certain characteristics. The classic literature (Hoy, 1982; Crocker and Snow, 1986) often concluded that these restrictions lead to market inefficiencies and wealth redistribution between different risk classes. Recent literature provided new insights through more nuanced discussions on market equilibriums and welfare effects, such as allowing multi-dimensional private information (e.g., Fang et al., 2008, in a similar Medigap health insurance market) or considering endogenous contract responses by insurers (e.g., Finkelstein et al., 2009). Motivated by a prevalent institutional setting of annuities, we contribute to this growing literature by modeling two dimensional private information (i.e., health and wealth) when an important contracting characteristic (i.e., gender) is not allowed, and where both private and public annuities exist in the market. Through a theoretical analysis and a realistic calibration based on micro level health and wealth data from the Health and Retirement Study (HRS) database, we study how a two-part policy mandating gender neutral pricing while introducing a public annuity program affects market equilibriums. We also analyze changes in welfare at the individual level, among different gender groups, and for the entire population. As such, we aim to provide new insights into the ongoing debates on public and private solutions to longevity risks and related regulatory actions.
讲座时间
2026年6月22日（周一）10：00
讲座地点
南开大学津南校区金融学院大楼225教室
