Friday, December 4, 2020, 1:10 PM - 1:30 PM | Longevity Risk and COVID-19: Why Pension Schemes Should Stay the Course towards A Lower-risk Future

The COVID-19 pandemic also has significant implications for pension funds, insurance companies and actuaries who model and measure longevity risk in the global pension risk transfer market. In a study examining how COVID-19 may affect the future of mortality rates at higher ages, PFI joined Prof Andrew Cairns of Heriot-Watt University and Prof David Blake of Cass Business School to develop a new model that seeks to help pension funds and insurers properly assess liabilities in a post-pandemic world. This presentation will provide a deep-dive into this new research and address three important questions:

  • How is COVID-19 impacting mortality among elderly populations?
  • Will COVID-19 change the way actuaries measure liabilities?
  • How is the current crisis impacting pension funds and the market for pension risk transfer?