第四套中国人身保险业经验生命表正式发布

Core Insights - The release of the "2025 Experience Life Table" by the China Actuarial Association aims to scientifically reflect the actual risk status in the life insurance industry, enhancing risk management levels [1][2] Summary by Sections Importance of the Life Table - The experience life table is crucial for insurance institutions as it serves as a foundational infrastructure for pricing, reserve assessment, and cash value calculations, ensuring the stable operation of the industry [1] Background and Need for Update - The previous life table, published in December 2016, was effective in promoting scientific pricing and improving risk prevention in the insurance sector. However, changes in life expectancy and mortality rates necessitated an update to better reflect current risks [2] Key Outcomes of the New Life Table - The new life table includes three main achievements: 1. A newly compiled experience life table that reflects the latest mortality experience of the insured population, providing a scientific reference for pricing and preventing systemic risks [3] 2. The first compilation of a single life table based on individual identification numbers, enhancing comparability with population mortality rates [3] 3. A comprehensive summary of project outcomes, including reports and educational materials aimed at various audiences [3] Impact on Insurance Products - The introduction of the new life table is expected to lead to lower pricing for term and whole life insurance products, while potentially increasing pricing for annuity products [2]