A closer look at 2023: What’s changing in term assurance experience?
As we publish our latest analysis of term assurance experience, covering data up to the end of 2023, we find ourselves at a crossroads. While the “16” Series tables continue to provide a broadly reasonable fit to recent experience, subtle shifts in patterns—especially by age, duration, and socio-economic indicators—are prompting us to ask: is it time to consider new tables?
In this blog, we explore the key themes from Working Paper 202, highlight emerging trends, and share our thoughts on what might lie ahead.