Joseph Lu
About Joseph Lu
Joseph Lu serves as the Director of Longevity Science at Legal & General, where he focuses on longevity trends and uncertainty measurement for business decisions. With a background in actuarial science and extensive experience in longevity risk management, he leads a multidisciplinary team to enhance the management of longevity risk in the insurance sector.
Current Role at Legal & General
Joseph Lu serves as the Director of Longevity Science at Legal & General, a position he has held since 2015. In this role, he leads a multidisciplinary team comprising actuaries, statisticians, epidemiologists, and programmers. His primary focus is on managing longevity risk and enhancing the company's capabilities in this area. He develops and executes strategies to improve the measurement of longevity trends and uncertainty, which informs business decisions related to pricing and financial reporting.
Previous Experience at Legal & General
Prior to his current role, Joseph Lu worked at Legal & General in various capacities. He was the Director of Longevity Risk from 2013 to 2015 and the Head of the Longevity Risk Team from 2008 to 2013. During his tenure, he challenged existing market practices regarding longevity assumptions, aiming to improve pricing, financial reporting, and capital requirements. He was involved in the management of an annuity portfolio valued at over £45 billion.
Education and Expertise
Joseph Lu has a strong academic background in actuarial science, statistics, and microbiology. He studied Actuarial Science and Statistics at Heriot-Watt University, achieving a postgraduate qualification. He also completed postgraduate research in Microbiology at the University of Leicester. Additionally, he holds a B.Sc. in Pharmacology and Cell Physiology from the same institution and has studied Medicine at the School of Medicine, University of Leicester. His education equips him with the expertise to analyze longevity trends and manage associated risks effectively.
Specialization in Longevity Analysis
Joseph Lu specializes in analyzing differences in longevity among various sub-populations across the UK, North America, and Europe. His work involves measuring uncertainty in longevity, which is critical for making informed business decisions in the insurance sector. He is responsible for generating new intellectual property and capabilities, including medically underwritten annuities and longevity swaps, to maintain competitiveness in the market.
Professional Development
Joseph Lu has pursued professional development through his studies at the Institute of Actuaries. His continuous education and training in actuarial science and related fields support his role in advancing longevity science and risk management practices within the insurance industry.