‘To what extent can mortality data from 2020 and 2021 be of use, given how abnormal these years have been?’
Measuring mortality using 2020/2021 data
By Matthew Edwards and Steve Bale
MATTHEW EDWARDS is Chair, CMI.
STEVE BALE is Chair, CMI COVID-19 Working Party.
This article sets out the UK profession’s plans regarding the use of 2020 and 2021 data, in particular regarding pensioner, annuitant and life assurance mortality. To what extent can mortality data from 2020 and 2021 be of use, given how abnormal these years have been? Exactly the same question faces actuaries working in life insurance and pensions, in the UK and in virtually all countries affected by the COVID-19 epidemic. The underlying discussions and analysis have been conducted by the profession’s Continuous Mortality Investigation (CMI).
This article represents the opinion of the authors, and not necessarily the opinion of the AAE.
This article was published in The European Actuary No. 28 – December 2021