Long-term mortality trends: Challenges for life insurers
October 17, 2023 by John Bowers
A steady decline in mortality rates since the 19th century has brought about a long-term rise in life expectancy for both men and women, but progress is uneven and, as recent history tells us, uncertain.
The forecasts that underpin the life segment’s mortality and longevity lines of business combine both historic trends analysis with a forward-looking view of advances in medicine and technological innovation. Those trends are in addition well to other societal factors and changes that may precipitate “waves” of improvement in life expectancy.