Future mortality improvement can be one of the most challenging assumptions that actuaries need to address. A new CIA research report takes an extensive look at the topic.
Exploring the Future of Mortality Improvement
Decoding mortality trends using insights from CIA research
In 2020 the CIA formed a project oversight group (POG) to commission research on mortality improvements in Canada which could become the basis for a new mortality projection scale to be used by all actuarial practice areas.
How to Manage Capital Volatility under IFRS 17 and LICAT 2023
By FCIAs Robert Berendsen and Catherine Sun Effective January 1, 2023, insurers that report on an International Financial Reporting Standards (IFRS) basis are required to apply IFRS 17 Insurance Contracts (IFRS 17). In adapting to IFRS 17, the Office of the Superintendent of Financial Institutions (OSFI) has revised the Life Insurance Capital Adequacy Test (LICAT) 2019 guideline and published...
An Alternate View of Future Mortality
A seemingly inexorable trend of mortality improvement has emerged over the past century. Declining rates of population mortality in the developed western world have been variously attributed to several causes.
Optimizing the customer journey: The keys to succeeding in digital distribution for life insurance
In the world of insurance, digital distribution has become a critical avenue for growth and customer engagement.
