Aiming to “better reflect” the increased lifespans of Canadians, the Canadian Institute of Actuaries has published a new mortality improvement scale, writes Jennifer Paterson for Benefits Canada.
The tool also includes an effort to “harmonize actuarial work in the pension and life insurance industries,” she writes.
“The organization put together a task force to look into mortality improvement last year and, following a consultation process, issued a report in September. The report provided an analysis of the rate of mortality improvement for the Canadian population and the construction of a mortality projection scale in order to reflect future mortality changes in Canadian actuarial work,” she continues.
More: Desire to harmonize actuarial practice in Canada.

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