Description: Recently the interest rates have been slowly trending up from the lowest point in August 2020. The focus of this article is on current market trends for long-duration products —including life insurance, annuities, and long-term care insurance —following an extended period of low interest rates, and lessons carriers can learn from similar historical periods of rising interest rates. Innovative and flexible product features will continue to be essential, as the current interest trend may not substantially increase insurers’ portfolio rates. When designing or modifying product features, insurers should consider profitability in a wide breadth of interest rate scenarios and be particularly mindful of the impact that crediting rates and asset durations will have on earnings.

Description: This article outlines industry practice and consideration for pricing acceleration-only riders to life insurance policies.

Description: Discusses the influence of market-consistent pricing proponents.

Description: This article addresses the issues of short-term volatility, the non-equivalency of traders and, how product development is being impacted by market consistency.

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: Ways of closing the mortality protection gap, by leveraging some of the new technology, data and analytics to reduce the friction in the buying process.

Description: Full version of Product Matters! July 2003, Issue No. 56.

Description: The Effects of Triple-X on Product Design by Mary Bahna-Nolan from Product Development News, August 2000, Issue No. 50.

Description: Discussion of private letter tax rulings on the definition of Cash Surrender Value for purposes of interpreting the definition of life insurance for the policyholder's taxation of the contracts.

Description: This paper will show that the result of using the 1975-80 select/ultimate table, as opposed to the more modern 1990-95 select/ultimate table, can be a significant understatement of future mortality and hence anticipated profits may prove to be illusory.