Index Longevity
Market Action Committee

The Index Longevity Market Action Committee (ILMAC) is a collection of leading industry practitioners and academics in the emerging longevity risk market, committed to fostering greater adoption of Index-based longevity risk transfer.

Specifically, we aim to build consensus on a market standard for basis risk quantification, combined with a set of principles for institutions seeking to use their own approach to basis risk quantification, with a goal of providing clarity on the capital relief (re)insurers would achieve from index-based hedging structures.

Index-based longevity hedges are seen as a critical step towards broadening the market to include greater capital markets participation. Success in this regard will help build a more secure financial ecosystem by distributing this enormous, systemic risk to a more diverse set of counterparties.