Mortality shocks

Mac Kotecha & Co.

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mac.kotecha@virgin.net (Mac) anil.kotecha@virgin.net (Anil) priya.kotecha@virgin.net (Priya)

FM1 - Mortality shocks

When actuaries work out premiums and benefits on different insurance policies, they will now have one more variable to include in terms or mortality shocks – terrorism.

Here is a list of the largest mortality shocks, to date.

Year	Event	Location	Deaths
1902	Volcano	Martinique	40,000
1908	Earthquake	Messina	75,000
1914	WW1	Worldwide	16,000,000
1918	Flu epidemic	Worldwide	20,000,000
1923	Earthquake	Kanto	150,000
1931	Flood	China	3,700,000
1939	WW2	Worldwide	50,000,000
1950	Korean War	Korea	5,000,000
1954	Flood	Iran	10,000
1965	Vietnam War	Vietnam	3,000,000
1970	Earthquake	Peru	50,000
1971	Flood	Vietnam	100,000
1976	Earthquake	Tangshan	500,000
1984	Chemical plant	Bhopal	6,500
1985	Earthquake	Mexico City	10,000
1985	Volcano	Bogota	25,000
1987	Nuclear Plant	Chernobyl	8,000
1988	Earthquake	Armenia	25,000
1990	Earthquake	Gilan, Iran	40,000
1993	Earthquake	India	22,000
1995	Earthquake	Kobe	6,500
2001	Earthquake	Gujurat	15,000
2001	Terrorism	New York	3,500

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This web-site was last updated on 24/03/2011

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