Club Vita Launches German VitaCurves Model as Pension Risk Transfer Market Gathers Momentum

LONDON — Club Vita, an international leader in longevity data analytics, has launched a German calibration of its popular address-based longevity model, VitaCurves , further expanding its international footprint and supporting the growing pension risk transfer (PRT) market in Germany.

The launch marks another milestone in Club Vita’s international expansion and extends its suite of address-based mortality models, which already provides mortality insights in the UK, United States, Canada and the Netherlands. The German VitaCurves DEU model is already being used by a leading insurer, helping to provide a more granular understanding of longevity risk across pension and insurance portfolios.

VitaCurves uses granular location-based and socio-economic data to identify differences in mortality patterns between sub-populations, enabling insurers, pension funds and other stakeholders to develop more accurate longevity assumptions and risk assessments. It also offers a convenient way of anonymizing pension records without comprising the insightfulness of the underlying records for measuring longevity risk.

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“Where people live can tell us a great deal about their likely health and longevity outcomes. People living in the same neighbourhood often share similar characteristics, lifestyles and levels of affluence, all of which can influence mortality rates. Walk just a few streets in many towns and cities and those characteristics can change significantly, leading to measurable differences in life expectancy.

“Our experience across multiple countries has shown that address and affluence-based measures provide powerful insights into longevity risk. The launch of VitaCurves DEU demonstrates how this approach can be successfully applied across different international markets, giving insurers and pension providers a richer understanding of the populations they serve.”

Germany is increasingly attracting attention as an emerging market for pension risk transfer activity, with insurers and pension stakeholders seeking innovative ways to understand and manage longevity risk as the market evolves.

“Over the last decade, German companies have started to transfer their defined benefit pension obligations for former employees, following in the footsteps of other countries. We expect this transaction flow to grow over the coming years as corporations continue to explore ways of managing pension obligations and balance sheet risk.

“Having a robust, locally calibrated longevity model is essential as the market grows. VitaCurves DEU provides insurers with deeper insights into mortality variation across their portfolios and supports more informed decision-making as pension risk transfer activity develops.”

The launch reinforces Club Vita’s commitment to helping clients make better decisions through data-driven longevity insights.