The story so far
From the first glimmer of an idea in 2006, to nearing our 10th birthday, Club Vita’s journey so far has helped develop the industry’s approach to longevity risk management and driven market innovation.
International expansion
Club Vita begins recruiting forward thinking US pension schemes to take part in a US pilot.
Research highlight
Seminal paper released by the Canadian Institute of Actuaries on longevity modeling moving Canadian actuaries closer to their UK counterparts.
RiskFirst and JLT collaboration
VitaCurves are integrated into RiskFirst's PFaroe modeling system for defined benefit pension schemes. JLT becomes the first actuarial consultancy to implement Club Vita's longevity analytics through RiskFirst's system.
Industry first
VitaCurves used for 1st Canadian buy-out transaction.
Collaboration with PLSA
Publication of our second research report on longevity trends by socio-economic group, reveals life expectancy of affluent men in the UK is rising faster than any other group.
International adoption
Initial set of 41 Canadian pension schems receive longevity risk measurement reporting.
Sector analysis
Sector-wide study of UK bus company pensioner survival patterns increases confidence.
Cridland Collaboration
Club Vita contributes to John Cridland's independent review of UK state pension age.
ILC Collaboration
Supporting the thought leadership of the International Longevity Centre.
VitaHedge Innovation
VitaHedge, in the UK, is the first indicative pricing service for longevity insurance, helping longevity risk become market-to-market.
Club Vita goes global
Club Vita Canada launches trial, leading to first postcode-based model for Canada, and strong parallels with UK experience.
LGPS Index
UK local government index launched.
CASS Collaboration
Research with CASS to quantify longevity basis risk, showing that national population indices would hedge around 75% of trend risk.
VitaCurves Innovation
First reinsurer uses VitaCurves to help it provide competitive pricing for longevity transactions.
Membership milestone
100th plan joins Club Vita early in 2010.
UK's Pension Protection fund joins Club Vita.
VitaCurves Innovation
First vintage of VitaCurves model used in actuarial valuations, reviewed by auditors and regulators.
Growing team
Steven Hood (membership secretary) joins Club Vita's team to lead its growth.
Club Vita officially launches
Club Vita launches with support of 49 visionary founding plans. UK period life expectancy is 83.0 years for men and 85.6 years for women.
Growing team
Nick Flint (chief executive) joins Club Vita.
Club Vita pilot
Free pilot supported by 88 schemes demonstrates the benefits of clubbing together to pool data.
Enabling a wider spectrum of life expectancy assumptions and revealing an unbroken series of annual increases in period life expectancy in its back history of 15 years. UK period life expectancy was 79.6 years for men and 83.5 for women in 1993.
Growing team
Steven Baxter, Andrew Gaches and Mike Wilkinson join Douglas Anderson at the creative heart of designing and building Club Vita's new informatics architecture.
Club Vita is born
Partners of Hymans Robertson agree to invest in long term vision for longevity informatics business. Project Vita is renamed Club Vita.
LGPS Longevity Trends
Hymans Robertson's review of demographic patterns in UK local government (to inform review of early retirement rules) showed the benefits of aggregating data across multiple plans, revealing that longevity patterns are associated with socio-economic differences.
Need more information?
Club Vita could not deliver the vast array of statistical insights without our gifted team of consultants, database architects and data processors.
Need more information?
Club Vita could not deliver the vast array of statistical insights without our gifted team of consultants, database architects and data processors.