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Committees

Mortality Working Group

Terms of Reference

Created – 15 November 2009, Updated - 9 August 2016

1.  Membership

Membership of the Mortality Working Group (MWG) is selected by the MWG Chairperson and Vice-Chairpersons based on expertise and interest of individuals, some of whom may be non-actuaries.

2.  Purpose

To serve as a working group within the IAA devoted to the world wide study of mortality, particularly as it affects the impact of mortality on insurance (including life and pension) products or on government or world organisation (such as WHO and the UN) sponsored programs.  Studies of the mortality experience of general populations, insured life and other population subsets are within the scope of the MWG.

3.  Role

  • To monitor selected activities focusing on mortality research, and to assist in ensuring that the results of this research are available to insurance professionals and other interested persons increasing their understanding of the drivers of mortality outcomes
  • To selectively monitor data collection efforts internationally and to facilitate continuous improvement in the quality and extent of data collection
  • To  facilitate the sharing of mortality knowledge across the various regions served by the IAA
  • To ensure that the work done by the various Sections and Committees of the IAA in the area of mortality is coordinated, including when this involves cooperation with other international bodies
  • To encourage the extension of the body of knowledge of the international actuarial community in respect of mortality through:
    • the global encouragement of actuarial research;
    • making research accessible to actuaries globally;
    • partnering with national  organisations to assist actuaries in conducting and publishing experience studies;
    • assisting countries with less developed actuarial resources;
    • collecting and disseminating research from both actuarial and non-actuarial sources;
    • encouraging attendance and providing presentations and papers at professional seminars, colloquia, conferences etc.;
    • encouraging and coordinating with other actuaries the production of presentations and papers at professional seminars, colloquia,conferences, etc.;
    • organizing sessions related to mortality at professional seminars, colloquia, conferences; and
    • conducting research on mortality.

4.  Decision-making authority

The MWG operates within the IAA Statutes and Internal Regulations and makes recommendations for consideration by the Scientific Committee, which will, to the extent necessary, make recommendations to the IAA Council or the Executive Committee as appropriate.

5.  Operational Matters

Frequency of Meetings:
The  MWG meets twice per year in conjunction with each IAA Council meeting and by teleconference as required. Extraordinary face-to-face meetings may be called as appropriate.

Agendas and papers: 
All meetings will have a formal agenda agreed by the Chairperson that generally must be distributed, along with required papers, at least one week before each meeting. Agendas and meeting papers are published in the MWG page on the IAA website.

Minutes:
Minutes of each meeting will be prepared and distributed at the direction of the Chairperson as soon as practicable after each meeting. Minutes are available from the MWG page on the IAA website.

Reporting on Working Group Activities:

  • The Committee will report on its activities to the Scientific Committee and the Chairperson will prepare a draft workplan and budget for the next calendar period for approval by the Scientific Committee.
  • The Chairperson will provide a written report to the IAA Secretariat after each MWG meeting, providing an update on its activities.

IAA Liaison:
The MWG will liaise with external stakeholders as required to carry out its role and activities. These liaisons are subject to any requirements or processes of the IAA Statutes and Internal Regulations.

External Liaison:
The Working Group will liaise with external stakeholders as required to carry out its role and activities. These liaisons are subject to any requirements or processes of the IAA Statutes and Internal Regulations.

Other operational matters:
The MWG will share information regarding developments and initiatives in relation to mortality via its webpage on the IAA website.

6.  Subcommittees, Working Groups and Task Forces Reporting to the Committee

The Issues Advisory Group (IAG) is a permanent group that reviews emerging mortality and determines whether any particular issue should be specifically followed by the MWG.

In addition, The MWG may form task forces to carry-out particular projects, subject to approval by the Scientific Committee.