Life and Longevity Markets Association established

Posted on Feb 01, 2010

Deutsche Bank, JPMorgan, Royal Bank of Scotland, Axa, Legal & General, Pension Corporation, Prudential and Swiss Re have set up an association to help develop industry standards intended to make trading in longevity products easier.

According to John Fitzpatrick, a Director at the newly established Association, the intention is to establish a longevity trading index, which would take into consideration factors such as gender and age cohorts when assessing longevity risk.