Nuovalo provides a longevity risk‑pooling platform called LifePools that enables retirement providers to offer configurable lifetime income solutions without costly risk transfers or reserves. By using peer‑to‑peer risk diversification, financial institutions can deliver transparent, lower‑cost pension products that function as fully funded, sustainable lifetime pensions.
Funding
Funding not disclosed
Founders
Product
Problem
Retirement providers face high costs and complexity when offering guaranteed lifetime income, as traditional annuities require costly risk transfers or large reserves to manage longevity risk. This makes affordable, transparent lifetime income solutions difficult to integrate into pension products.
Solution
Nuovalo’s LifePools platform enables financial institutions to embed peer‑to‑peer longevity risk‑pooling into their retirement offerings. By diversifying longevity risk directly among participants, the platform eliminates the need for external risk transfers and large capital reserves. LifePools is configurable across the product lifecycle—from design and implementation to ongoing administration—allowing providers to deliver transparent, lower‑cost lifetime income options that compete with traditional guaranteed annuities.
Target Audience
Primary customers are pension plan sponsors, retirement plan administrators, and financial institutions seeking to offer sustainable, low‑cost lifetime income solutions within their retirement product suites.
Features
- Peer‑to‑peer risk‑pooling engine that shares longevity risk among participants without external insurers
- Fully configurable product design tools to tailor lifetime income features to specific pension strategies
- End‑to‑end platform covering product setup, integration, and ongoing administration
- Transparent cost structure that reduces expense ratios compared with conventional guaranteed annuities
- Scalable architecture suitable for defined contribution plans, 401(k)s, and other retirement schemes