Second International Comparative Study of Mortality Tables for Pension Fund Retirees
A paper entitled a “Second International Comparative Study of Mortality Tables for Pension Fund Retirees” has been published by T.Z.Sithole (Kingston University), S.Haberman and R.J.Verrall (both Cass Business School, City University London).
In the first edition of the Actuarial Profession’s Longevity Bulletin, editor Alison O’Connell publishes the findings of a new comparison of a range of international projections of future longevity that reveals some consistent themes. They are:
Society issues press release on Gender Directive ruling
The European Court of Justice (ECJ) has today ruled that Article 5(2) of the Gender Directive 2004/113/EC breaches European Union gender discrimination laws. Article 5(2) currently permits individual member states to differentiate between men and women when pricing insurance where statistical evidence shows gender is a determining risk factor. The ECJ has ruled that this derogation is invalid from 21st December 2012.
UK Actuarial Profession commissions research on mortality/longevity/morbidity
The UK Actuarial Profession wishes to commission research in the area of modellingand understanding heterogeneity in mortality and morbidity risk which has an impact in areas of actuarial interest.
The paper attempts to align corporate governance requirements with recent international regulatory initiatives in the governance field and proposes minimum standards that credit institutions and insurance undertakings will be expected to meet in this area.
CEIOPS Members have agreed to set up a specialized Task Force led by the CEIOPS Secretariat to deliver on the 5th Quantitative Impact Study (QIS 5), the final Quantitative Impact Study under Solvency II.
The Society of Actuaries in Ireland carried out a study of annuitant mortality during 2008/'09, based on data contributed by a number of life assurance companies. The results are set out in the attached report. The Society would like to thank the participating companies for their assistance with this study.