Life insurance, the mortality table is inadequate

The mortality table used by Moroccan life insurance companies has been in force in the kingdom since 2006. Developed by French actuaries in the 90s on the basis of studies of the French population, this table is not suitable to Morocco. The premiums paid do not, therefore, correspond to what should be paid in case an appropriate mortality table has been adopted. Three schools try to explain this situation. The first refers to an ancient practice dating back to the protectorate while the second recalls the failures subsequent to the establishment of a mortality table based on local populations.
A third category denounces the lack of enthusiasm shown by local insurers to change a situation which has been largely favorable to them. A recent local mortality table would highlight lower decease probabilities thanks to the increase in life expectancy.

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