第四套生命表为人身险行业应对长寿风险提供行动指南

Core Insights - The release of the "China Life Insurance Experience Table (2025)" marks a significant innovation in the precise pricing of insurance products, serving as the fourth independently developed life table in China [1][2] - The new life table indicates a general decline in mortality rates across all age groups, reflecting the achievements in economic and social development, while also extending the financial planning cycles for individuals regarding retirement and healthcare [2] Group 1: Evolution of Life Tables - The first life table was published in 1996, with subsequent updates every ten years to reflect changes in population structure and mortality rates [1] - The second life table in 2005 highlighted the decline in mortality rates due to improved living standards and healthcare conditions post-reform [1] - The third life table in 2016 showcased a significant increase in average life expectancy due to rapid economic growth [1] Group 2: Implications of the Fourth Life Table - The fourth life table reveals a nuanced risk distribution, with notable differences in life expectancy between genders and varying rates of mortality improvement across age groups [2] - This data necessitates a comprehensive review and adjustment of existing insurance products by companies, as longer life spans will extend the duration of pension payments [2] - The phenomenon of "living with illness" will become more common, prompting insurers to expand their responsibilities beyond mere payout upon diagnosis to include health management and rehabilitation services [2] Group 3: Strategic Shifts in the Insurance Industry - Insurance companies must transition from being "financial compensators" to "risk management partners" in the context of longevity [3] - Providing integrated solutions such as "insurance + health," "insurance + retirement," and "insurance + technology" will be essential for managing clients' lifestyles and reducing claims risks [3] - The fourth life table serves as a guideline for the insurance industry to address longevity risks, encouraging companies to adopt a more open, precise, and innovative approach to meet evolving challenges [3]