![Middle aged woman Middle aged woman](https://cepar.edu.au/sites/default/files/styles/hero_image/public/cepar-banner-3_5.jpg?itok=SxBOYy9V)
Organised by CEPAR in conjunction with the International Actuarial Association Mortality Working Group.
Longevity risk has been a major focus of pensions plans, governments and insurers over recent years as individuals live longer than expected and an increasing proportion of the population move into the older ages. This requires social and financial solutions to finance ageing costs including pensions and aged care. A critical aspect of this is understanding the nature of older age mortality, mortality heterogeneity and implications for risk modelling and annuity product design. Modelling of health status and understanding the implications for long term care costs are also crucial. This workshop focused on older age mortality, modelling mortality and health status, heterogeneity and frailty, as well as incorporating improvement trends and uncertainty. An R software package that can easily be used to fit mortality models was also introduced. The workshop brought together actuarial experts from around the world, along with CEPAR researchers, to provide a unique and in–depth analysis of these important issues relevant for both practitioners and researchers.