News

The Society of Actuaries in Ireland's Demography Committee has published a report examining the level of excess all-cause mortality experienced in Ireland during the Covid-19 pandemic. The report offers insights beyond the tally of reported COVID-19 fatalities.  

Focusing specifically on the first two years of the pandemic, 2020 and 2021, it examines excess deaths as a metric in understanding the pandemic's impact.

Click on the link below to read the full report.

The attached was submitted in response to the Public Consultation on Revision of Death Registration Process from the Department of Social Protection https://www.gov.ie/en/consultation/aa3b2-public-consultation-on-revision-of-death-registration-process/

Response to HIA Consultation on community-rated health insurance market in Ireland and proposed changes to the Risk Equalisation Scheme [which is in response to this HIA consultation].

The Demography Committee of the Society of Actuaries in Ireland (SAI) has co-written a paper with the Continuous Mortality Investigation (CMI) of the Institute and Faculty of Actuaries (IFoA). Working paper 141 explores ways of adapting the CMI Mortality Projection Model for Irish population data, areas to consider when doing so and the likely challenges of such work. The paper also considers the potential impact on life expectancy of adapting the Model to use Irish population data.

The paper considers two approaches:

The Demography Committee of the Society of Actuaries in Ireland is pleased to present the results of a study into the pensioner mortality experience of Irish self-administered pension schemes (SAPS). The last such study was commissioned in 2012.

Click here to read the study 

The Demography Committee of the Society of Actuaries in Ireland is pleased to present the results of the analytical review of methodologies in projecting best estimate mortality improvements for the Irish population. 

This paper summarises the analytical review performed by the Demography Committee in respect of a range of potential mortality improvement models in the context of best estimate, mortality improvement projections

 

The Society has today issued a press release on a major investigation into Irish death rates (Irish Insured Lives Mortality Investigation). Click here to read the full press release.

The Society has today issued a press release on Ireland's Risk Equalisation system following its healthcare seminar today which brought together international and domestic experts to discuss how cross subsidies in the health insurance market can be modified in the future.

Click here to read the full press release

The Society made a submission to the recent Health Insurance Authority consultation on Lifetime Community Rating, and has issued a press release which highlights the key finding in the submission.  

The growth in ‘Average Private Health Insurance Premiums’ in Ireland has consistently outstripped economic growth over time and is expected to continue to be in excess of economic growth in the future.  This is one of the conclusions in an analysis published today (Nov 10, 2016 ) by the Society.

Read the full paper here.

The press release is available here.

The Demography Committee has prepared a report and recommendations following a review of the mortality assumptions used in converting a retirement fund into an annuity as prescribed in the following Actuarial Standards of Practice:

The Mortality Working Group (MWG) exists to study mortality and monitor studies completed by other organizations worldwide, to make this information available to actuaries and others worldwide, and to contribute to and organize other opportunities for communication where appropriate.