United Kingdom: Actuarial Services

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Report for the ABI on Key Correlation Assumptions in ICA for Life Offices (Part 3 of 3)
When performing actuarial analysis, it is conventionally assumed that there is a zero correlation between mortality rates and the capital markets. This is generally supported by historic data since mortality rates have steadily and fairly smoothly decreased, whilst equity markets have behaved erratically in the short term, grown exponentially in the long-term, and interest rates have tended to revert to the mean.
United Kingdom Accounting
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Deloitte
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