"It's a bit like Betamax...There are early prototypes out there, but they tend to be expensive for what they achieve--we don't yet have the DVD."--Dawid Konotey-Ahulu, managing director and head of the pension fund group for Europe at Merrill Lynch in London, on the current state of mortality-related derivatives.
"It's a bit like Betamax...There are early prototypes out there, but they tend to be expensive for what they achieve--we don't yet have the DVD."
