How it works

Club Vita uses sophisticated tools and processes — designed, tested and endorsed by leading actuaries and academics — to demystify the factors and predictors that drive longevity.

Understand your demographic DNA

By drilling deeply into your data and analyzing it at an individual level, you’ll be able to map your plan’s demographic DNA — that is, the unique membership traits that define your plan’s longevity characteristics.

The strongest predictors

Club Vita’s unique approach looks well beyond traditional factors to determine the strongest underlying predictors of longevity. For example, we consider often neglected but essential influences like lifestyle and affluence.

Accuracy in cleanliness

Quality in, quality out. As an added benefit, we will help you clean your data — and confirm how reliable, historically accurate and complete it really is.

Safe and secure

We know that data security is critical. So we’ve adopted rigorous controls and procedures for the transfer, processing, use, and housing of all information provided by member pension plans.

The process

Club Vita Canada brings together a community of pension plans — the Club Members — whose longevity data is pooled together. Our five-step process uses this exceptionally rich dataset to perform longevity analysis and gain insights not possible by individual plans.

  1. We securely collect updated longevity experience data from all Club Members each and every year.
  2. We assess and enhance data quality and reliability through an exhaustive series of validations and data-cleaning procedures.
  3. Each Club Member receives a personalized VitaCleansing report, which documents the results of our data processes, reports plan membership data characteristics, and presents a comparison to other Club Members.
  4. To determine the most significant drivers of Canadian pensioner longevity, we explore a wide range of potential predictors. This is done by connecting to a number of external data sources, and by performing advanced statistical modeling and analysis. Each Club Member receives a personalized VitaIndex report, which documents the results of our analysis for the Club’s entire dataset and relates the findings to each Club Member’s plan(s) based on their unique membership characteristics.
  5. Based on the analysis, the final step is to furnish each Club Member with the Club Vita mortality assumptions (VitaCurves) applicable to their plan. The resulting plan-specific analytics will equip you and your advisors to truly understand and manage your plan’s longevity risk.
Ian Edelist FCIA FSA
Richard Brown FCIA FSA CFA