Mortality Assumption

A statistical estimate of the number of deaths a life insurance company expects to occur over a given period of time. The mortality assumption influences the underwriting decisions an insurer makes.

References in periodicals archive ?

the reinsurer's mortality assumption for your business).

A primer on reinsurance pricing strategy: "a checklist for optimizing reinsurance negotiation"

Prior to the reinsurance utilization decline, cessions had been driven more by perceived mortality assumption arbitrage and by the desire to manage capital strain associated with Triple-X statutory reserve requirements introduced in 2000.

An industry poised for change: demographic, industry and market trends are converging to open up new avenues for life reinsurers

Changing the mortality assumption will vary the projected population of older people between 492,800 and 657,600 if the low or high mortality assumptions are used instead of the current principal projection which would result in 575,600 older people in 2060.

The demography of ageing and future policy impacts: a Northern Ireland perspective

The first scenario uses a common mortality assumption, and the second scenario accounts for smoking-attributable mortality in calculating the NMSSTR.

Smoking taxing health and social security

We did this to insure that subsequent modifications examining the model's sensitivity to the mortality assumption could be attributed to the effects of the assumption itself rather than to other unspecified differences between the two versions.

The evolution of reproductive effort in squamate reptiles: costs, trade-offs, and assumptions reconsidered

The American Council of Life Insurers (ACLI) said it was "very disappointed" that the key task force involved in setting standards adopted amendments to override the mortality assumption setting proposal developed by the American Academy of Actuaries' (AAA), in a letter to Mike Boerner, chair of the NAIC Life Actuarial Task Force (LATF) and the lead Texas actuary.

Getting to Principles-Based Reserving Will Not Be Easy

Typically, the variant projections include high, low and/or medium assumptions for fertility and migration and a single mortality assumption.

Exploring population projections: sources of uncertainty and the user perspective

The number of possible combinations is commonly reduced (whether intentionally or not) by restricting the number of assumptions, often by including only one mortality assumption on the grounds that differences in mortality have little effect on the population outcome.

On the importance of being uncertain: forecasting population futures for Australia

However, as columns 7 and 8 show, the prior mortality assumption of 15 years and 18.

Analysis of sexual bias and Section 72 changes affecting the implicit rate of return of certain defined benefit plans

How will the active life mortality assumption be developed?

A new response: hybrid life insurance/long-term care product sales are rising, but the industry must pay attention to pricing and risk mitigation techniques

In fact, the term sometimes takes on a life of its own as opposed to understanding exactly how it should be viewed in the setting of the overall mortality assumption.

The impact of life: how mortality improvement affects the life insurance industry today

That is, whatever the baseline deterioration assumption is, if premiums are lowered to produce more persisters, the new mortality assumption must make sense.

The future is now: life insurers must carefully address the premium levels for large term in-force blocks that are now entering their renewal periods