Xpect Data delivers the most up-to-date figures for quantitative valuation of longevity risk. For the first time, this data on population trends will be compiled from various â sometimes exclusive â sources, and checked and disseminated by Deutsche BÃ¶rse on a monthly basis. Data from this area was previously only available in the market every three to five years.
The delivery of geographically-based data as far as municipal level even allows conclusions to be drawn about regional risks. The data forms the basis for the calculation of generation mortality tables, which provide information on the future life expectancy of the population according to year of birth and gender.
Unlike the data previously available, Xpect Data is based exclusively on transparent and objective statistics, and not on expert opinions. It is particularly important for the calculation of risk positions for life insurance and pension funds that longevity data is up to date and of top quality. As the population's life expectancy increases, so too do payment obligations and risk positions.
Along with raw data on longevity, Deutsche BÃ¶rse will also offer indices under the name Xpect-indices. These indices will offer not only an information function but also serve as the basis for securitization of longevity risks. Such transactions may be based on broad, comprehensive indices, or indices tailored by Deutsche BÃ¶rse to the needs of its clients. These indices are used for the securitization of life insurance risks in particular. Securitization increases capital efficiency and lowers insurance companies' required risk capital.
Market Data & Analytics also compiles, distributes, and markets independent capital market information, such as price data, trading statistics, and back office information for banks and financial institutions. Market Data & Analytics calculates and publishes more than 2,100 indices in total. Deutsche BÃ¶rse thus ranks among the worldâs major index providers.