Version 2.6.2 of Longevitas

Longevitas Ltd is pleased to announce the production release of v2.6.2 of its Longevitas risk-modelling software.

This release adds powerful productivity and ease-of-use features, including:

2.6.2 update release

• The 2011 update of the Mosaic Longevitas profiler.
• LatestUsableDate optional code field to make it easier to model across datasets with differing extract dates. This is of particular application when clients are building models spanning datasets from different sources. Clients who gather data from quote activity in the bulk-annuity or longevity-swap markets should find this particularly helpful.
• Inclusion of a new Longevitas Technical Guide explaining internals and theoretical underpinning for the Longevitas system and models.
• Deviance statistic calculation and a new DIC optimisation target.
• Equivalent-annuity calculations for a given portfolio.
• Equivalent-annuity calculations for a model-generated rates, including a downloadable Excel® spreadsheet.
• Mass calculation of annuity factors and life expectancies, including a downloadable Excel® spreadsheet capable of mass calculation of single- and joint-life annuities.
• A new optimiser scope setting allowing optimal (optimise-n) optimisations to begin from any number of levels, and allowing the application of user defined optimisation constraints to optimal (optimise-n) models.
• User-defined assignment rules to allow bespoke code creation based on post-deduplication records, for example to create a bespoke pension-size tiering.
• Operation completion and password hint notifications now available by SMS in addition to — or instead of — e-mail.
• Additional extended authentication settings including multiple fixed IP addresses and net masks.

Longevitas is used by insurers, investment banks, reinsurers and consulting actuaries to analyse demographic risks. Applications to-date include mortality, longevity, critical illness and persistency.