Nov 15, 2023
‘Excess mortality’ continuing surge causes concerns https://insurancenewsnet.com/innartic… Life insurance executives and actuaries believe the numbers are alarming Life insurers paid record levels of claims in 2021, biggest one-year increase since 1918 Distributed a record $100.28 billion in total death benefits. Younger adult death rate up 20% in 2023 Center of Disease Control that show mortality rates alarmingly rising for different categories. The surge in excess deaths caught carriers off guard 15 – 19 years.
% difference from 2019
2018, 1%
2020, 21%
2021, 28%
2022, 21%
2023, (Jan – May), 24%
30 – 34 years
% difference from 2019
2018, -1%
2020, 30%
2021, 42%
2022, 30%
2023, (Jan – May), 23%
40 – 44 years % difference from 2019 2018, -2% 2020, 30% 2021, 45% 2022, 30% 2023, (Jan – May), 25% Cause of death data show increased cardiac mortality in all ages. As COVID-related causes declined in 2022, others rose, particularly stroke, diabetes, kidney and liver diseases.
Society of Actuaries poll
In August 2022, 85% thought excess morality rates would continue to 2025.
In September 2023, 79% believed excess mortality rates will continue through 2026.
UK data
https://app.powerbi.com/view?r=eyJrIj…
Our world in data link
https://ourworldindata.org/grapher/ex…