January 11, 2023

CONTENTS

• Launch of OECD Monograph on ‘Mortality and the provision of retirement income’
• Young Actuaries World Cup
• Upcoming Section Webinars
• IAA Council and Committee Meetings / International Congress of Actuaries – Sydney
• IAA Newsletter

Launch of OECD Monograph on ‘Mortality and the provision of retirement income’

Audience: All

It is our pleasure to invite you 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 Čillíková, 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.

à We encourage you to share this event with your members and interested colleagues.

Young Actuaries World Cup

Audience: All

The Young Actuaries World Cup (YAWC) Quarter Finals are well under way with young actuaries answering judges’ questions. Show your support to the quarter finalists by joining them at their live event.

See the YAWC webpage to register for the webinar of your interest.

Upcoming Section Webinars

Audience: All

These upcoming webinars will be hosted by an IAA Section. We encourage you to register and share the information with your colleagues.

If you are not already an IAA Section member, we invite you to do so.

IAALS: Innovation to Close the Gap in Protection Insurance Coverage
19 January 2023 (09:00 AM EST) à Click here to register / Share on LinkedIn

ASTIN: Selecting Bivariate Copula Models Using Image Recognition
23 January 2023 (09:00 AM EST) à Click here to register / Share on LinkedIn

ASTIN: IFRS 17 - The actuary as a story-teller
31 January 2023 (09:00 AM EST) à Click here to register (more details to follow)

IAA Council and Committee Meetings / International Congress of Actuaries – Sydney

Audience: All

In December, we announced the Council and Committee meetings would take place at the Mercure Hotel in Sydney from 24-28 May, 2023. These meetings will be followed by the International Congress of Actuaries (ICA 2023).

You can access all pertinent information about the meetings on our Sydney website.

Please register and secure your hotel accommodations as soon as possible. Hotel rooms are going fast with ICA 2023 and Vivid Sydney taking place at the same time.

 IAA Newsletter

Audience: Member Association Correspondents; Committee/Forum/Section Chairs

Our December newsletter was issued just prior to the holidays. Click here if you missed it.

The next regular IAA newsletter will be issued at the end of February. If you have any news or events of international interest for this issue, please send your article(s) by February 10th to newslettersubmissions@actuaries.org.

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