6 May 2020
Club Vita, the international leader in longevity analytics, today announced an agreement with Segal, a leading employee benefits consulting firm. The relationship will bring Club Vita’s longevity risk reporting to Segal, whose clients include multi-employer trust funds, public sector plan sponsors, and corporate and not-for-profit employers.
Segal actuaries will have access to Club Vita’s proprietary longevity analytics to assist with assumption setting. Segal clients in the US will also have the opportunity to engage Club Vita’s sophisticated approaches to measuring and managing plan longevity risk, including annual reporting.
Club Vita’s robust analytics enable a plan sponsor or its trustees to become better-informed about their pension or retiree health plan, while equipping their advisors with tools to more effectively counsel on strategy and tactics.
“We look forward to working with Club Vita to help our clients better analyze the drivers of longevity risk. This collaboration will also assist with developing a large pool of predictive data, enhance decision-making and aid in improving the security of benefit promises,” says Eli Greenblum, Senior VP and Chief Actuary of Segal. “This relationship will take us a step further in our mission to deliver solutions that improve lives.”
“Through our collaboration with Segal, we will gain broader coverage across the defined benefit pension market at a crucial time: the importance of demographic modeling has never been higher and the appreciation of the benefits of risk protection has never been greater,” says Dan Reddy, Club Vita’s US CEO. “Providing clients with the ability to make better decisions will have a direct impact on a plan’s beneficiaries not just today, but for years to come.”
Media Contacts:
Eleis Brennan, Intermarket
+1 212-754-5610
Amira Rubin
+1 212-251-5322