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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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Recent Events

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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Start date
E.g., 23/09/2020
End date
E.g., 23/09/2020

Events calendar

  • Asia Conference Webinar Series

    Webinars
    7 September 2020 - 25 September 2020

    Spaces available

    There will be a prestigious line-up of international speakers discussing the insurance and financial industry’s innovation and change in Asia.  The conference will take place throughout September via an online platform. The webinars consist of plenary speaking sessions and a series of workshop sessions including Life, GI, Data Science, Sustainability, Risk Management and Investment.

    This will be the perfect opportunity for you to discover,ask questions and be at the forefront of current and developing actuarial/financial topics and trends in Asia.

     

  • Spaces available

    This free 90 minute webinar is designed to support the IFoA CPD Co-ordinators, and others, involved in supporting our members to achieve their CPD requirements. 

    The programme will include an overview of the new CPD Scheme; specifically sharing with you key messages to support you implement and embrace the new CPD Scheme for our members within your organisation and regional community; how to arrange a reflective practice discussion; and an interactive reflective practice discussion learning exercise.  In addition, delegates will gain information about accessing, and making the most of the IFoA event Toolkits which you can make use of to run your own in-house events and events for regional communities. 

  • Spaces available

    16.00-17.00 GMT+8

    Consumer expectations are changing Insurance. The Royal Commission in Australia, Design Obligations in the UK, the insurtech ecosystem, and digital-first consumers demanding personalised solutions will all revolutionise how insurance looks like in the future.

  • Spaces available

    12.00-13.00 GMT+8

    This presenter / panel workshop hybrid will be anchored by two presentations examining the socioeconomic, medical and technological factors that will have a significant impact on mortality and our pricing over the next 20 years and beyond. It will also discuss whether significant mortality improvement will continue in Asia or whether varying experience of low improvements or deterioration. 

  • Spaces available

    12.00-13.00 GMT+8

    This presentation aims to provides an overview of the reformation of current Chinese regulatory solvency regime, how industry coping with the new normal after pandemic time and how the reformation of the regulation could help the insurance industry gets back on its feet as well as coming back to the “protection” core value for the policyholders. The presentation would include:

  • Spaces available

    16.00-17.00 (GMT+8) | 09.00-10.00 (BST)

    The basic data of China’s 2nd Critical Illness Mortality Table covers 2000+ products in Chinese market, including about 340 million insurance policies and 5.1 million claimants. Presenter will give the audience a general understanding including but not limited to the following contents:

  • Autumn Lecture 2020: Professor Elroy Dimson

    Online webinar
    14 October 2020

    Spaces available

    Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.

  • GIRO Conference 2020 Webinar Series

    Available to watch globally in November.
    02-13 November 2020
    Spaces available

    This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.

  • Spaces available

    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

  • Spaces available

    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.