Club Vita Launches German VitaCurves Model as Pension Risk Transfer Market Gathers Momentum

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Postmedia has not reviewed the content. by Business Wire Club Vita Launches German VitaCurves Model as Pension Risk Transfer Market Gathers MomentumAuthor of the article:Address-based longevity model expands Club Vita’s global suite of analytics to cover the UK, US, Canada, Netherlands and GermanyTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountLONDON — Club Vita, an international leader in longevity data analytics, has launched a German calibration of its popular address-based longevity model, VitaCurves, further expanding its international footprint and supporting the growing pension risk transfer (PRT) market in Germany.The launch marks another milestone in Club Vita’s international expansion and extends its suite of address-based mortality models, which already provides mortality insights in the UK, United States, Canada and the Netherlands. The German VitaCurvesDEU model is already being used by a leading insurer, helping to provide a more granular understanding of longevity risk across pension and insurance portfolios.VitaCurves uses granular location-based and socio-economic data to identify differences in mortality patterns between sub-populations, enabling insurers, pension funds and other stakeholders to develop more accurate longevity assumptions and risk assessments. It also offers a convenient way of anonymizing pension records without comprising the insightfulness of the underlying records for measuring longevity risk.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againSteven Baxter, Chief Data Scientist at Club Vita, said:“Where people live can tell us a great deal about their likely health and longevity outcomes. People living in the same neighbourhood often share similar characteristics, lifestyles and levels of affluence, all of which can influence mortality rates. Walk just a few streets in many towns and cities and those characteristics can change significantly, leading to measurable differences in life expectancy.“Our experience across multiple countries has shown that address and affluence-based measures provide powerful insights into longevity risk. The launch of VitaCurvesDEU demonstrates how this approach can be successfully applied across different international markets, giving insurers and pension providers a richer understanding of the populations they serve.”Germany is increasingly attracting attention as an emerging market for pension risk transfer activity, with insurers and pension stakeholders seeking innovative ways to understand and manage longevity risk as the market evolves.Natalie Gleed, Head of Business Development at Club Vita added:“Over the last decade, German companies have started to transfer their defined benefit pension obligations for former employees, following in the footsteps of other countries. We expect this transaction flow to grow over the coming years as corporations continue to explore ways of managing pension obligations and balance sheet risk.“Having a robust, locally calibrated longevity model is essential as the market grows. VitaCurvesDEU provides insurers with deeper insights into mortality variation across their portfolios and supports more informed decision-making as pension risk transfer activity develops.”The launch reinforces Club Vita’s commitment to helping clients make better decisions through data-driven longevity insights. By combining local demographic information with Club Vita’s international expertise, VitaCurvesDEU provides a powerful new tool for understanding mortality patterns and supporting effective risk management.Club Vita, an independent longevity data analytics company, facilitates the accumulation and pooling of data underlying the longevity patterns of retirees with annuity benefits. We work with workplace defined benefit pension funds and their advisors around the globe helping them understand emerging longevity patterns, driving more informed decisions and best-practice risk-management. We also support (re)insurers and asset managers with efficient, tech-driven solutions for managing longevity risk. Our international community includes over 500 pension funds, 10 advisory firms and 40 (re)insurers.For further information, visit www.clubvita.net and follow Club Vita on LinkedIn.View source version on businesswire.com: Samantha Boettcher, Club VitaThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.