By Steve Bocking, FCIA, and Marie-Andrée Boucher, FCIA, respective Vice-Chair and Chair of the Committee on Life Insurance Financial Reporting (CLIFR) The experience related to the impact of COVID-19 on insured mortality is very preliminary and is just starting to emerge. In the absence of more robust information and data, here are a few considerations related to mortality assumptions: Several...
The mathematical mechanism of biological aging
Western University researchers Bruce Jones, FCIA, and Xiaoming Liu discuss their paper which presents a model for both the aging process and mortality. Although the two are closely related, there has not yet been a mathematical model which connects aging to mortality. This paper, which proposes such a model, was funded by the CIA’s Research Council, through the Academic Research Grant Program.
COVID-19 and the oil shock: the case for a black swan event
By Terence Narine, FCIA The content of this article should not be construed as an actuarial opinion or guidance on actuarial work. I do not have experience in some of the practice areas mentioned in this article, so my comments are made from the perspective of someone outside these areas. A black swan event can be viewed like the 1-in-200-year flood that we risk managers agonize over; a rare...
COVID-19 Statistics and Analysis – Eckler and QED Actuaries and Consultants
This article originally appeared on the CIA COVID-19 Hub. Eckler and QED Actuaries and Consultants have developed a report that summarizes statistics on the COVID-19 pandemic. This report will be updated as frequently as daily, and the CIA will provide access to the latest version through the COVID-19 Hub under Links and Resources. Working with publicly available data, the...
Trends in Canadian Mortality by Pension Level
Learn more about this joint study that used Canada Pension Plan and Québec Pension Plan data to examine the mortality of Canadian pensioners subdivided by pension level. Co-author Andrew Cairns, a professor at Heriot-Watt University and Director of the UK’s Actuarial Research Centre of the Institute and Faculty of Actuaries (IFoA), and Gavin Benjamin, FCIA and co-chair of the Project Oversight...
