Life - Articles

Search Results Page 1 of 27.

1 2 3 4 5 6 7 8 9 10 11 12  Next  Last

New UK wide measure of excess deaths

Stuart McDonald from LCP provides insights into the new UK-wide measure of excess deaths and how the new method was agreed
Posted on Friday Feb 23

The need for making joint financial plans for later life

There are 1.1 million 80+ widows compared to around 259,000 widowers. Widows aged 80+ outnumber widowers by more than 4:1 in England and Wales. Data emphasises importance of planning for a partner’s death to maintain income in later life.
Posted on Tuesday Feb 20

CMI consults on annual update to Mortality Projections Model

The Continuous Mortality Investigation (CMI) has released a consultation on its proposal for the next annual update to the CMI Mortality Projections Model, CMI_2023, which it intends to release in April 2024.
Posted on Tuesday Feb 13

Multi cancer early detection screening

Multi-cancer early detection (MCED) blood tests have the potential to increase early detection rates of some cancers, improving survivability. MCED tests may reduce the costs associated with late-stage cancer treatments; more real-world studies needed to validate their efficacy and applicability in the wider population.
Posted on Wednesday Jan 31

Highest and lowest male and female life expectancy

ONS data on life expectancy for local areas across the UK reveals that men and women have the longest life expectancy in Hart and Kensington & Chelsea respectively, with Blackpool (men) and Blaenau Gwent (women) the local areas with the lowest life expectancy.
Posted on Friday Jan 26

Biggest surge in excess deaths since Covid19 pandemic

OHID data reveals excess mortality rates have increased by 9% since the pandemic. 50-64 year olds and the North West saw the biggest surge in deaths of 15% and 11% respectively. Emphasises need to consider every eventuality when thinking about retirement options.
Posted on Friday Jan 19

Comments on the Longevity Economy Principles Report

The influence of demographic ageing on society is rapidly increasing: by 2050, over 2.1 billion people will be aged over 60. By 2050, retirement ages would need to increase by an estimated 8.4 years to maintain the current balance between working-age and non-working-age populations. 19-25% of adults over 55 indicated they would like to work but are not currently doing so. Women aged 65 and above receive on average 26% less retirement. income than men
Posted on Tuesday Jan 16

Preparing for the worst

Recent research by insurer Beagle Street found that the financial impact of the death of a family breadwinner could be as much as £190,000 over the course of ten years. The research covers essential household spending and mortgage payments as a starting point.
Posted on Tuesday Jan 2

Overestimating cost of income protection and life policies

40% of UK workers report that affordability continues to be the most important consideration when buying insurance. Yet, 37% of UK workers overestimate the costs of income protection and life cover policies. 59% overestimate cash plan policy costs, while almost a third (32%) responded with "I don't know" when asked to estimate the cost
Posted on Tuesday Dec 5

CMI contributes to analysis of post pandemic mortality

The Continuous Mortality investigation (CMI) has contributed to a recent commentary in the Lancet Regional Health – Europe, “Excess mortality in England post Covid-19 pandemic: implications for secondary prevention”.
Posted on Monday Dec 4

Global healthcare benefit cost increases to continue in 2024

Global medical care benefit cost increases, as reported by health insurers, show little to no decline in 2024, one year after hitting a historic double-digit inflation, according to a survey by WTW
Posted on Wednesday Nov 29

Life industry unprepared for wealth transfer in 2040

60% of individuals aged 65 or older have not sought professional financial advice to prepare for retirement or to transfer their wealth. Three-in-four consumers are interested in innovative life insurance offerings to help them age well, but insurers lack the product development capabilities
Posted on Thursday Oct 19

Mutual sector protection gives GBP1bn of health cost savings

New report highlights the cost-savings generated by mutuals and not-for-profits in the UK. Cost savings for the NHS, welfare state, employers and individuals amount to nearly £1 billion in direct and indirect savings.
Posted on Monday Oct 16

Taking out Life Insurance via social media influencer

• A study by Forbes Advisor shows that nearly one in 10 (9%) people with private life insurance chose their policy after hearing about it on social media
Posted on Wednesday Jul 12

CMI says recent mortality remains above pre pandemic levels

In light of the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing frequent UK mortality analysis through its mortality monitor.
Posted on Wednesday Jul 12

Access to health insurance from work important to employees

Research reveals health insurance is a key driver for over half (57%) of people when choosing a job. ABI calls on employers to inform staff about the health and wellbeing support available to them on day one of a new job and annually.
Posted on Tuesday Jun 27

Next wave of life expectancy gains is on the horizon

Improvements in life expectancy have slowed over the last decade after a steep increase in the late twentieth century. Longevity gains over the next 20 years likely to come from further medical breakthroughs, especially for cancer and ageing-related conditions such as Alzheimer's disease. Life expectancy growth in advanced markets under threat from obesity and unequal access to health services, with violent crime and the opioid crisis in the US weighing on longevity. Longevity champions Japan and Switzerland characterised by excellent access to healthcare systems and low obesity rates.
Posted on Monday May 22

The nations Mortgage Cover Gap

Beagle Street research assesses level of mortgage debt not covered by life insurance, the major potential threat to surviving householders’ hearth and home
Posted on Friday May 5

Q1 2023 worst mortality rate since pandemics second wave

In light of the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing frequent UK mortality analysis through its mortality monitor. Today’s updates cover week 13 of 2023 (to 31 March) and the first quarter of 2023, based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 13 April 2023.
Posted on Friday Apr 14

3 key changes for UK Life and Health insurance market

Ron Wheatcroft, Technical Manager at Swiss Re, advocates for the UK Government to push through changes in three key areas – fewer tax charges on life assurance policies, occupational health initiatives to help people stay in the workplace and P11D charges on Employee Assistance Programmes (EAPs).
Posted on Tuesday Mar 14

Life expectancy assumptions to fall if CMI proposals adopted

The CMI has issued its consultation to help shape the next version of its mortality projection model, which is used by the majority of pension scheme trustees and sponsors in setting their funding and accounting assumptions.
Posted on Wednesday Feb 1

The Digital Underwriter and whats next for insurers

As the life insurance sector races to catch up with the wider industry on the path to technological integration, the digital underwriter will have a crucial role to play. And in the coming months, embracing a digital-first mindset should come to mean simultaneously embracing the potential of the digital underwriter.
Posted on Thursday Jan 12

High mortality a year after lockdown affects pension plans

The Office for National Statistics has published death registration data for England and Wales for Week 52 of 2022(1). This takes the number of deaths registered in the year to 576,896; this is lower than in 2020 or 2021 but is otherwise the highest since 1993 (subject to the publication of data for 31 December 2022).
Posted on Tuesday Jan 10

Life and Pensions outlook for 2023

Life insurers expect to see a significant uptick in market activity next year. Tech driven transformation a key focus for actuarial science. New legislation and a new funding code likely to take effect for triennial valuations starting later in 2023
Posted on Monday Dec 19

Insurers set for low premium income growth in 2023

Non-life premium income forecast to grow 4.1% this year, but slow significantly to 1.5% in 2023. Life premiums forecast to rise to 5% this year, but contract 1% in 2023 due to inflation and economic uncertainty, before growth rebounds to 8.8% in 2024
Posted on Thursday Oct 27

Site Search

Exact   Any  

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.