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?