Event information
4 October 2022
Online
This is a video recording of a webinar we held in October 2022
The more that an insurer knows about a group of pension plan participants, the less uncertainty there will be around the timing and levels of their benefit payments. As we have discussed before, ZIP Codes - particularly ZIP+4 – are strongly correlated with longevity. But in today’s age of heightened concerns about data privacy, how granular should the data be that is shared with bidding insurers? How much does each data item improve the insurer’s pricing? And how can this information be shared with service providers in a safe and responsible way?
In this webinar, we took a deep dive into these topical data privacy issues for US pension plans. Our expert panel explored how useful it is for pension plans to share certain data fields, such as ZIP+4, with service providers. In particular we discussed how reducing uncertainty by providing extra data fields could improve prices during a pension risk transfer. We discussed techniques for anonymizing personal data while retaining the potential for predictive analytics. Our panel also shared their latest thinking on the newly released American Data Privacy Protection Act and gave insight into how other countries have dealt with similar challenges.
Please click here to access the slides from this webinar.
Speakers
Balancing privacy and best price in the age of US pension risk transfer
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