Version 2.6 of Longevitas

Longevitas Ltd is pleased to announce the production release of v2.6 of its Longevitas risk-modelling software.

This release adds powerful productivity and ease-of-use features, including:

2.6 base release

• User Laws. This release introduces user-defined functional forms for the risk to complement the existing built-in laws. User laws are supplied as mathematical expressions to be interpreted by the calculation core, and both survival and qx-type forms for user models are supported.
• User-defined validation.  Existing default validation can now be supplemented with user-defined rules. These will allow bespoke data-screening rule-sets to be created for various purposes.
• Forward Selection.  This optimiser mode complements the existing options: law selection, backwards elimination and optimised grouping.  With forward selection the optimiser will consider additional risk factors and second-order interactions for inclusion in the model.
• Parameter Explorer.  Changes to provide an estimate crosshair and explanatory text to express parameters for models based on standard tables.
• An increase to the maximum number of modelling iterations for complex models that require an extreme numbers of iterations to converge.
• An annual update to the Mosaic Longevitas 2010 profiler data.  This is a version of the UK postcode Mosaic profiler which has been enhanced for actuarial work.

Longevitas is used by insurers, investment banks, reinsurers and consulting actuaries to analyse demographic risks. Applications to-date include mortality, longevity, critical illness and persistency.