In 2008, Longevitas Ltd announced the founding of the annual Longevitas Prize for the best-performing student in the subject of survival models at the Department of Actuarial Mathematics and Statistics at Heriot-Watt University.
Accepting the introduction of the prize on behalf of the department, Professor Angus Macdonald, Head of Department, said
This is an excellent way of raising the profile of a key subject for actuaries. I am delighted to accept on behalf of the department.
Stephen Richards, director of Longevitas Ltd, said
Survival models are now a critical part of the actuarial toolkit for life offices. This prize will hopefully encourage the coming generation of actuaries in learning about modern techniques for analysing mortality.
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