Recent Australian insured lives mortality: a review of the Actuaries Institute/Financial Services Council 2004-2008 Lump Sum Graduation

Abstract

In 2012 the Graduation Taskforce of the Actuaries Institute published a report “Graduation of the 2004-2008 Lump Sum Investigation Data”. This is now the most recent publicly available report on Australian insured lives’ mortality experience. The tables in that report are compared with, on the one hand, contemporary Australian population mortality, and on the other, the preceding Australian insured lives tables, IA95-97. Thus the paper reports and comments on the level of insured lives’ mortality compared with that of the total population as well as changes in both of these over the period from 1996 to 2006. It appears that insured lives mortality has improved less than population mortality over the 10 years.