Longevity Risk - complex, socially important and a huge challenge for actuaries!
Great news: average lifespans are increasing!
But what are the financial implications - for society, for individuals, for life insurers and for pension schemes - of increasing longevity and of variations around the average?
The talk will illustrate the complexity of longevity risk and the scale of the resulting financial risks. We will look at the drivers of past improvements in lifespans and at the potential for further advances. We will look at the tools actuaries and others use
to build an understanding of the risk, to produce best estimates of current and future mortality rates, to quantify the uncertainty in those estimates, and to help to manage the financial risks.
Overall, this will be a whistle-stop tour of the huge challenge and opportunity for actuaries engaging in longevity risk for the good of society!
The Worshipful Company of Actuaries (WCA) is a Livery Company of the City of London.
Established in 1979, the WCA supports and promotes the actuarial profession. Through its educational and charitable activities, it also brings awareness of the actuarial profession to a wider audience. Its Charitable Trust provides help and support to those in need, with an emphasis on making a difference in improving education, particularly in the area of mathematics. The WCA has broad links with several universities in the United Kingdom, and awards bursaries to students following actuarial science degree programmes.
Following the lecture, there will be a reception which will also be held in the Mathematical
Sciences Student Centre (Building 56).
Location
Address
Mathematical Sciences Student Centre (Building 56)
Highfield Campus
University of Southampton
Southampton
SO17 1BJ
Nearest Public Transport
Visit the University of Southampton website to find out how to get to Southampton: http://www.southampton.ac.uk/about/visit/getting-to-southampton.page