Version 1.2 of the Projections Toolkit

Longevitas Ltd is pleased to announce the production release of v1.2 of the Projections Toolkit. This version contains a number of improvements and new features including:

• An Excel-based projection explorer, including automatic calculation of reduction factors and improvement rates using your choice of ICA/Solvency II stress level.
• Excel-formatted downloads including a multi-worksheet format for q_x stress scenarios.
• Changes to handling of over-dispersion, including addition of over-dispersion parameter to models in the smooth Lee-Carter family.
• Generation of sample paths for smoothed models using penalty projections.
• Addition of drift-model variants for time-series models in the Lee-Carter family.
• Residual file download and large residual weighting.

About the Projections Toolkit

Insurers and pension schemes are under increasing pressure to understand the uncertainty over future mortality improvements. An important tool for this is a stochastic projection model, which can be complicated to fit. The Projections Toolkit makes it easy for an actuarial advisor to fit a wide variety of projection models to explore the uncertainties over future mortality.

The Projections Toolkit has particular application for life insurers and reinsurers under Solvency II in the EU.