为产品科学定价护航 为行业风险防范立标

Core Viewpoint - The China Actuarial Society has released the "Experience Life Table of China's Life Insurance Industry (2025)", which reflects the latest mortality trends and provides a scientific basis for life insurance product pricing and risk management [1][2]. Group 1: Background of Life Table Compilation - The previous life table, published in December 2016, was outdated due to changes in mortality rates and life expectancy in China, necessitating a new table to enhance risk management and service levels in the life insurance industry [2]. Group 2: Main Achievements of the Life Table Compilation - A new experience life table has been created, reflecting the latest mortality rates and providing a scientific reference for life insurance product pricing [3]. - The first single life table has been compiled, allowing for cross-company and cross-insurance type mortality research, enhancing comparability with population mortality rates [3]. - A comprehensive report and educational materials on population aging will be produced to present the findings to various audiences [3]. Group 3: Highlights of the Life Table Compilation - The data collection for this life table achieved full industry coverage, incorporating all life insurance policies with death or survival benefits [4]. - Data processing efficiency improved, with a 40% reduction in processing time compared to the previous table, and the use of AI and machine learning minimized manual data entry errors [4]. - Innovative methods were employed to address missing death status data, ensuring a more accurate mortality rate without discarding valuable data [4]. - Trend factors were established based on historical insurance industry data, providing significant insights for understanding mortality trends [5]. - A two-step method for high-age extrapolation was introduced, ensuring that mortality rates reflect natural life patterns while maintaining risk characteristics [5]. - A multi-dimensional analysis of mortality rates was conducted, examining various factors such as age, gender, and region, and comparing the new table with previous versions and external data [5]. Group 4: Future Work - The Actuarial Society plans to conduct promotional and training activities to disseminate the findings of the new life table, along with completing the related reports [6][7].