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Modelling, Measurement and Management of Longevity and Morbidity Risk

This programme is application driven, with impact and innovation in the pensions and insurance industries and beyond as its primary aims

Programme objectives

  • development of the next generation of single and multi-population mortality models that are robust, straightforward to apply and that are designed explicitly to push back the barriers to financial innovation
  • developing open access modelling of the key drivers of mortality such as smoking, obesity and other lifestyle factors and understanding how these interact with all-cause mortality and cause-of-death mortality data
  • development of a robust, scientific approach that helps key stakeholders to understand better the wider range of options for managing longevity risk
  • development of new methods for pricing and reserving for Critical Illness Insurance.

This multidisciplinary team is led by Professor Andrew Cairns (Heriot-Watt University). The programme is co-sponsored with the Society of Actuaries and the Canadian Institute of Actuaries. The programme supports two PhD students in actuarial science.

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Access the Longevity Index for England (LIFE) app.

Visit the LIFE index app to explore mortality and life expectancy inequality across England using interactive maps. You can explore by small neighbourhood, Local Authority, Clinical Commissioning Group or Constituency.

Recent Events

ARC Webinar Series 2021: Introducing the new Longevity Index for England (LIFE) app, 23 June 2021 

This session explored how the new index has revealed previously uncaptured mortality inequalities by using predictive variables at a high degree of granularity. Globally renowned leader in actuarial science Professor Andrew Cairns and his co-investigator Torsten Kleinow demonstrated the uses of new LIFE index such as the causes of high or low mortality and regional differences in mortality. View the webinar. 

CIA Webcast, 29 January 2020

EPISODE 36: TRENDS IN CANADIAN MORTALITY BY PENSION LEVEL

Learn more about this joint study that used Canada Pension Plan and Québec Pension Plan data to examine the mortality of Canadian pensioners subdivided by pension level. Professor Andrew Cairns and Gavin Benjamin (Co-chair of the CIA's Project Oversight Group), discuss key findings, forensic analysis of mortality by pension level, data anomalies, and the benefits of collaboration. Read the paper: http://bit.ly/2NChJNV 

Annual ARC Workshop, 02 December 2019

The research team (Heriot-Watt University, Edinburgh) discussed their work on mortality and deprivation, cause of death, and modelling the impact of socio-economic and geographical effects. The workshop highlighted the wider impact of this research programme, with further discussion on other areas of interest and development. The presentation slides from this workshop are available to view in the outputs and events section. Recordings of the event are available on the IFoA's YouTube channel.

Contact Details

If you want more information about our research programmes please contact the IFoA Actuarial Research Centre:

arc@actuaries.org.uk

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Events calendar

  • Spaces available

    A panel discussion with investment representatives discussing the impact of investment on climate change and vice versa.

    This event is part of The Road to Glasgow: IFoA’s Sustainability Thought Leadership Series which will provide a platform for prominent contributors so that our members and others can understand the perspectives of a wide range of parties interested in the climate debate.

  • Spaces available

    Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.

  • Spaces available

    How governments and societies collectively respond to the climate crisis is increasingly being analysed through the lens of intergenerational fairness. Our expert panel will assess and explore the extent to which inter-generous fairness is being considered in climate policies, the lessons from those countries who are leading the way on fairness and justice in climate interventions, and more.

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Spaces available

    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

  • Spaces available

    The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.