Launch of OECD Monograph on 'Mortality and the provision of retirement income'

It is our pleasure to invite all IAA Section Members to attend a virtual event hosted by the OECD and IAA to launch the publication of the OECD's work on 'Mortality and the provision of retirement income', to be held virtually on 2 February 2023, 14:00-15:30 (CET). The OECD and IAA have a common interest in improving pension systems around the world, and have productively collaborated with each other since 2012.

The report analyses the development of mortality assumptions to build mortality tables to better protect retirement income provision. It first provides an international overview of longevity trends and drivers over the last several decades, including the impact of the COVID-19 pandemic. It then explores considerations and traditional approaches for developing mortality tables, and details the standard mortality tables developed across OECD member countries. It concludes with guidelines to assist regulators and supervisors in assessing whether the mortality assumptions and tables used in the context of retirement income provision are appropriate.

For the event, the OECD will provide an overview of the publication, which will be followed by a roundtable discussion with government and industry stakeholders. Confirmed speakers include:

•           Júlia Cillíková, Executive Director, Supervision and Financial Consumer Protection Division, National Bank of Slovakia
•           Micheline Dionne, IAA President
•           Patrick Gombe. Actuarial Manager, Insurance and Pension Commission, Zimbabwe
•           Dale Hall, Managing Director of Research at the Society of Actuaries Research Institute
•           Ximena Quintanilla, Head of Studies Division, Chilean Superintendence of Pensions
•           Daniel Ryan, Managing Director, COIS Health

The roundtable will cover topics such as:

•           Recent mortality trends and drivers
•           How mortality trends/drivers can inform future expectations, and how to account for that in modelling
•           The challenge of accounting for COVID in setting mortality assumptions
•           Trade-offs for different modelling approaches
•           The usefulness of the guidelines included in the report in practice
•           How to better communicate around mortality assumptions to non-experts

Registration: Please register your attendance here. 

For the agenda and speaker bios, please visit the OECD event page. 

The International Actuarial Association (IAA) is the worldwide association of professional actuarial associations, representing approximately 75,000 actuaries in more than 115 countries, with six special interest Sections for individual actuaries. The IAA was founded in 1895 and exists to encourage the development of a global actuarial profession, acknowledged as technically competent and professionally reliable, which will ensure that the public interest is served. The IAA has 74 Full Member Associations and 26 Associate Member Associations.  

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secretariat@actuaries.org 

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