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.
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.
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.
One of the many outcomes of the recent pandemic was that we had an unprecedented opportunity to take a peek into each other’s homes as we conducted business, which often involved unexpected appearances by our pets.
This report, the final in the series, covers the impact of COVID-19 on Canada’s life insurance industry and uses key findings to help decision-makers better understand and manage risk.
You can now find all our articles on the Canadian Institute of Actuaries website, in the News section. Seeing Beyond Risk podcasts will move there soon, giving you one easy place to access all Canadian actuarial content! Check it out!