Abstract
This paper outlines the findings of an investigation of the mortality of South African assured lives, covering the period 1995 to 1998. The investigation was carried out by the Continuous Statistical Investigations (CSI) Committee of the Actuarial Society of South Africa (ASSA). Some of the major findings of the investigation were worsening mortality below age 50, general improvements in mortality above age 50, substantial differences in mortality between the different socio-economic classes and signs of anti-selection below age 50, especially in the better socioeconomic classes.Keywords: mortality, experience, investigationSouth African Actuarial Journal Vol. 5 2005: 27-59
Highlights
1.1 This paper outlines the findings of an investigation of the mortality of South African assured lives, covering the period 1995 to1998
The Committee has previously reported the major findings of this investigation (Continuous Statistical Investigations Committee, 2001) but this paper presents the results for publication
12.1 Below age 50, aggregate mortality appeared to have worsened during the investigation period, but this may have been due in part to the changing socio-economic mix of policyholders
Summary
1.1 This paper outlines the findings of an investigation of the mortality of South African assured lives, covering the period 1995 to1998. 1.2 The CSI Committee in its various forms has produced three standard tables of the mortality of assured lives, SA 85–90 (Dorrington & Rosenberg, 1996), SA 72–77 (Mortality Standing Committee, 1983) and SA 56–62 (Mortality Standing Committee, 1974), and two reports on the trends in assured lives mortality since the most recent standard table for the periods 1991–1994 (Continuous Statistical Investigation Committee, 1996) and 1995–1998 (Continuous Statistical Investigation Committee, 2001). Both reports can be downloaded from the ASSA website at www.assa.org.za
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