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.

Climate change is affecting how risks are underwritten, priced, managed and reported globally, whether for general insurance, life insurance, pensions, other financial institutions, and social security.  

This is one of the key messages in a paper ‘Climate Change Matters’ published by the Society of Actuaries in Ireland on Monday Oct 24th.

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/

The November 2020 Newsletter is now available to read online. This edition includes articles on:

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 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.

The CMI has published CMI_2013, an updated version of the Mortality Projections Model.  It is accompanied by Working Paper 69, which illustrates the impact of incorporating the latest England and Wales population mortality dataset into the Model.

The Working Paper also summarises the responses to the recent consultation on the future of the Model and the CMI Library of Mortality Projections and outlines the Committee’s reaction and planned next steps.  An updated version of the User Guide has also been issued.