Summary of Society of Actuaries in Ireland and Continuous Mortality Investigation Working Paper 199

The Society of Actuaries in Ireland (SAI) and the Continuous Mortality Investigation (CMI) of the Institute & Faculty of Actuaries (IFoA), UK have jointly completed an investigation into the experience of term assurances in Ireland over the period 2015-2021. The investigation considered, for term assurances sold on standard rates, the mortality experience for 2016-2021 and the accelerated critical illness and stand-alone critical illness experience for 2015-2021. Experience from 2015/2016-2019 was considered in aggregate while experience for the pandemic years 2020 and 2021 was considered individually to allow assessment of the impact of the pandemic on experience. The SAI and CMI would like to thank the participating insurance companies who provided the data underlying this investigation.