Advanced Search

Last Name First Name Company Name City Advanced Search

Actuary of the Future Education & Research Entrepreneurial Actuaries Financial Reporting Futurism Health International Investment Joint Risk Management Long-Term Care Insurance Management & Personal Marketing & Distribution Pension Product Development Reinsurance Smaller Insurance Company Taxation Technology

Experience Studies

Experience Studies in Individual Life

2005 CLICE Expense Study Data Request

The Committee on Life Insurance Company Expenses is currently seeking life insurance company data submissions to the 2005 Individual Life and Annuity Expense Study. We strongly encourage your company's participation in this study.

The Committee is finalizing its 2004 inter-company expenses study for individual life and annuity products which will be posted on the SOA website as soon as possible.

The objective of the 2005 study is to continue this effort while expanding the level of contributions, to potentially serve as a useful unit expense benchmark to pricing actuaries and their managements from which to assess their own unit cost performance. In addition, the Committee expects the results to be useful in improving the generation of the Generally Recognized Expense Table (GRET in the U.S.) used by some companies to demonstrate compliance with the NAIC model sales illustration regulation. This study is intended to be completed by U.S companies and U.S. operations of Canadian companies.

Below are links to the Data Submission Form (Excel workbook) as well as instructions for completing it. Data should be submitted via the Excel workbook (see link below) and e-mailed to Jeanne Nallon, Research Assistant, at jnallon@soa.org. The deadline for submitting data is June 15, 2006.

• Data Submission Form
•  
• Instructions for Completing Workbook
•  
• Below are links to the Data Submission Form (Excel workbook) as well as instructions for completing it. Data should be submitted via the Excel workbook (see link below) and e-mailed to Jeanne Nallon, Research Assistant. The deadline for submitting data is June 15, 2006.
•  
• Notice of Intent to Submit Data Form

 

• Please do not hesitate to contact Steve Siegel, SOA Research Actuary at 847.706.3578 if you have any questions or need further information.
•  
• Confidentiality
• All data submissions will be kept completely confidential. Society of Actuaries staff will process the responses and no individual company data will be published. Where comparative results are presented, no companies will be identified.
• Thank you in advance for your participation!
• Sincerely,
• Sam Gutterman
• Tim Harris
• Co–Chairs, Committee on Life Insurance Company Expenses