Club Vita and Longitude Exchange, The New Digital Longevity Marketplace Platform, Announce New Collaboration
Club Vita, an international leader in longevity analytics, and Longitude Exchange, the new digital marketplace for trading longevity and mortality risk, today announced their collaboration to improve the efficiency and transparency of the longevity risk transfer market.
The two companies are collaborating to integrate Club Vita’s leading longevity risk classification services into Longitude Exchange’s digital platform, allowing risk takers and cedants to tailor longevity risk derivative instruments specifically to their needs while encouraging the development of a liquid secondary market.
“We’re very excited to see the launch of Longitude Exchange,” said
“Any market needs an agreed unit of measurement for it to function – and the longevity market is no different,” said
“Longitude Exchange’s experience in structuring index-based longevity risk transfer transactions for insurers, together with their investment in new technology, feels like a perfect match for our data-driven longevity insights,” added Anderson. “We can’t wait to get started.”
About Longitude Exchange
Longitude Exchange is a digital marketplace dedicated to trading longevity risk. We connect hedgers and investors on a platform optimized for transferring longevity risk in index-based format. Our platform is purpose-built to bring transactional efficiency and enhanced liquidity to a market with growing demand for capital. It contains tools for analyzing the actuarial and financial aspects of longevity risk transactions which streamline the process of hedging and investing in longevity risk. Longitude Exchange brings greater capacity, faster execution, and better prices to the longevity risk market. We're turning longevity risk into an asset class.
Longitude Exchange was formed through a partnership between Longitude Solutions - a transaction-oriented consultancy with expertise in longevity risk management - and VB Risk Advisory - a consultancy firm consisting of a select group of experienced quantitative advisors with expertise in actuarial science and technology development.
For further information, please visit https://longitude.exchange and follow Longitude Exchange on LinkedIn.
About Club Vita:
Club Vita’s mission is to improve later life financial well-being by promoting awareness of longevity risk and making its management transparent and efficient.
We work primarily with workplace pension funds in the
Club Vita was born in the
For further information, please visit www.clubvita.net and follow Club Vita on LinkedIn.
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Source: Club Vita
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