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

This section is Partnership Content supplied by Business Wire Article content Address-based longevity model expands Club Vita’s global suite of analytics to cover the UK, US, Canada, Netherlands and Germany Article content LONDON — 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. Article content Article content 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. Article content Article content 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. Article content Article content Steven Baxter, Chief Data Scientist at Club Vita, said: Article content “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. Article content “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.” Article content 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…