The Pensions Institute at Cass co-hosts the world’s leading longevity risk conference
Eighth International Longevity Risk and Capital Markets Solutions Conference held in Canada
The Pensions Institute at Cass Business School co-hosted the Eighth International Longevity Risk and Capital Markets Solutions Conference in September. It was held in Waterloo, Canada.
Rapidly ageing populations combined with huge unanticipated increases in life expectancy have drawn attention to the management of longevity risk in pension funds and life insurers on every continent.
At the conference more than 150 participants from over 20 countries came together. They discussed the latest longevity risk models, market and government developments, and the responses needed by pension funds and insurance companies to manage this increasingly important risk.
Pensions Institute Director and Cass Professor of Pension Economics David Blake, who is on the conference organising committee, delivered the welcome address.
Cass Deputy Dean Steve Haberman and Cass Professor of Statistics Les Mayhew also delivered presentations during the event.
Other speakers included Roger Douglas and Pretty Sagoo, Deutsche Bank; Brent Simmons, Sun Life Financial of Canada; Amy Kessler, Prudential Insurance Company of America; John Kiff, International Monetary Fund; and Guy Coughlan, Pacific Global Advisors.
The key theme of the conference was 'The new paradigm of longevity in pension risk solutions'.
Professor Blake said: "This year's conference brought together the world's leading academics, practitioners and policy makers working in the field of longevity risk modelling and solutions. Our keynote speakers were responsible for more than $40 billion of longevity risk transfers in pension plans and insurance companies in the UK, Holland, the US and Canada."
The two-day conference was co-hosted with the University of Waterloo Department of Statistics and Actuarial Science in the Faculty of Mathematics and the Waterloo Research Institute in Insurance, Securities & Quantitative Finance.
Next year's conference will be held in Beijing on 6-7 September 2013.