Description: Originally featured as a breakout session at the 2015 CRC, this presentation discusses, from a North-American and non-actuarial perspective, how population growth and size have a major impact on socio-demographic needs in term of health care, social and old age security, education, transport and infrastructure. Their underlying components are two opposing forces, namely mortality and longevity. Understanding their past and possible future key drivers is not only important to the macro-economic planning of government agencies, but also to pension funds, insurance companies, and other stakeholders of the financial and insurance industries.

Description: Pricing longevity swap reinsurance transactions consists of a number of different actuarial tasks, each of which hides potential pitfalls. The article outlines the pricing process, which includes a detailed analysis of current mortality experience of the portfolio to be transferred, choice and calibration of an appropriate model for mortality improvement trends and the calculation of a risk margin which reflects the uncertainty associated with the pricing best-estimate, which includes mis-estimation risk, model risk, longevity basis risk and stochastic uncertainty.

Description: In this article the editor previews the issue.

Description: The author discusses the first life table, or life table model, which was produced in 1662 by John Graunt in his Natural and Political Observations. He notes that the brief, crude table was both inaccurate and unrealistic, but nonetheless, proved to be the source of one of the most powerful concepts and valuable tools in demography and actuarial science.

Description: Milliman was engaged by the SOA to conduct two Accelerated Underwriting (AU) surveys, one of direct companies and another of reinsurers. The surveys explored actual results from 2019–2021 and expected results from 2022.

Description: Discussion of a direct writer survey and a reinsurer survey conducted in the fall of 2002 by the Society of Actuaries. The surveys asked a number of questions about underwriting criteria needed to qualify for preferred risk. They also asked questions about the percentage of issues in each underwriting category and the mortality assumptions for the different categories.

Description: This article talks about longevity risk and reinsurance and its global challenges.

Description: The impact of the underlying mortality table selected as a basis for projecting mortality results

Description: Considers the risk management aspect of mortality guarantees in life insurance policies

Description: Highlights of the 2001 Manulife Reinsurance Mortality Study conducted in conjunction with the Reinsurance Section on the mortality experience of large amount and older age policies.