LSF was formed after the financial crisis to offer longevity predictive services to Level-3 asset and liability markets. Level-3 products are assets and liabilities whose outcome depends upon an ‘unknowable’ event. In 2009, Peter Mazonas co-authored a Bayesian Inference valuation model that was presented to the SEC and later published as a peer reviewed paper. Since 2014, GAAP has required Level-3 assets and liabilities be valued at Mark-to-Fair value rather than cost or mark-to-market. SEC Rule 2a-5, introduced in 2020 and effective in 2024, requires using the best available and consistently applied methodology to value at the Net Present Value (NPV) of future predictable portfolio cash flows. Rule 2a-5 required Boards to retain the services of third-party pricing and valuation services. As with company management, Boards are accountable for the accuracy of those valuations.
Longevity Predictive Services to Add Value
Longevity Specialty Finance 