Description: The Smaller Insurance Company Section, the Committee on Life Insurance Research and the Product Development Section announce the release of a new report on the impact mortality credibility has on principle-based reserves.

Description: With many complex regulatory changes on the horizon as well as pressures to ensure model accuracy from auditors, regulatory requirements and new actuarial standards of practice, the importance of robust model validation is coming to the forefront of actuaries’ minds. What was previously a day-two task for many companies is becoming just as important as model development! In this session, you will hear from those that have been deeply involved in building model validation frameworks and tools in responses to regulatory changes GAAP Long Duration Targeted Improvements (“LDTI”) and Principles Based Reserves (“PBR”).

Description: This 1976 report report covers the inter-company mortality experience under Standard Ordinary insurance issues between 1974 and 1975 anniversaries, and also for the period between 1970 and 1975 anniversaries where one year's exposure generally provided an insufficient volume of data.

Description: The paper describes a cost-benefit analysis to determine the value of electronic health records (EHRs) in life insurance accelerated underwriting programs. Sample cases from a carrier were underwritten pre-EHR and post-EHR and the mortality savings estimates from risk class changes using EHRs was compared to procurement costs. Results were developed to cover a range of scenarios. Factors to consider for carriers evaluating the cost-effectiveness of using EHRs in their own accelerated underwriting programs are also described.

Description: This article discusses the proper slope of mortality tables, especially at the high attained ages.

Description: This report covers the intercompany mortality experience under Standard Ordinary insurance issues between 1976 and 1977 policy anniversaries, and also for the period between 1972 and 1977 policy anniversaries where one year's exposure generally provided an insufficient volume of data.

Description: The Canadian Institute of Actuaries and Society of Actuaries Committee on Life Insurance Research, the Product Development Section and the Financial Reporting Section, sponsored this study investigating how the Canadian life insurance industry is utilizing predictive modelling.

Description: This article is an update, as of March 2019, on Financial Reporting Section sponsored projects in process and those recently completed.

Description: Historically different approaches have been used by actuaries in modeling mortality improvement. The SOA has recently released a framework that practitioners can use to project mortality improvement, providing methodological consistency across a range of applications.

Description: This 1975 report was the then latest in a series of annual reports on intercompany mortality experience under Standard Ordinary life insurance policies. This was based on issues between 1973 and 1974 anniversaries, and also for the period between 1969 and 1974 anniversaries where one year's exposure provided an insufficient volume of data.