New LaunchJul 14, 2026, 09:02 AM
WTW Launches Enhanced Geospatial Mortality Model for US PRT Market
AI Summary
WTW announced the launch of an enhanced version of its Geospatial Mortality Model (GMM) specifically for the U.S. pension risk transfer (PRT) market. This model, already used by pension plan sponsors, is now available to insurers and reinsurers to improve the accuracy of pricing and management of longevity risk. The GMM incorporates socioeconomic and health-related factors, leveraging insights from participant location and is trained on extensive mortality data, including post-COVID experience through 2024.
Key Highlights
- WTW launched a new version of its Geospatial Mortality Model (GMM) for the U.S. pension risk transfer (PRT) market.
- The model helps insurers and reinsurers more accurately price and manage longevity risk.
- GMM enhances PRT pricing, strengthens asset-liability management, and improves longevity risk visibility.
- The model is trained on nearly four million life-years of mortality data, including post-COVID experience through 2024.
- It evaluates over 200 socioeconomic factors to predict longevity, leveraging pension and geographic data.
Price Impact
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