Longevity and annuities

• Experience analysis of life-company annuities or pensions in a large-company scheme. We use Longevitas, a powerful new tool for analysing pensioner mortality experience.

• Data cleaning. Holding reserves for deceased annuitants and pensioners is capital which can be released immediately. Details available here.

• Pricing and risk analysis for annuities or pensions.

• Basis setting for reserving for annuities.

• Stochastic modelling. See also the online portfolio simulation tool available here.

Pension schemes and corporate finance

• Basis setting for reserving for pensions. We use mortalityrating.com to rate pension schemes for mortality where there is insufficient scheme experience to set a reliable basis. Where the scheme is large, or where there is a time series of data, we use Longevitas.

• Advising on corporate transactions involving longevity risk, including mergers and acquisitions. Details available here.

• Pricing for spouse's benefits.

• Basis verification and benchmarking.

• Stochastic modelling. See also the online portfolio simulation tool available here.

Other demographic risks and liabilities

• Spouse's benefits - more details here.

• Persistency risk - details available here.

• Multiple simultaneous decrements (e.g. equity-release portfolios).

Training

• A course on the application of generalised linear models (GLMs) to annuitant and pensioner mortality data. Available on your own premises.

Systems

• Consulting on actuarial modelling systems.

• Consulting on quotation-calculation systems.

• Consulting on administration-system design.