Description: U.S. population death statistics and trends often occupy COVID-19 briefings and daily headlines. There are also publicly available mortality data sources for actuaries and others to perform their own analysis. Yet industry studies examining the impact of COVID-19 on insured populations are in their infancy. In this webcast, presenters will provide insights into how the life insured population is faring during COVID-19 by discussing the findings from two recent SOA research initiatives. LIMRA, RGA Reinsurance, the Society of Actuaries and TAI have collaborated on an effort to analyze the impact of COVID-19 on the individual life insurance industry’s mortality experience. Additionally, the SOA has surveyed insurers to gather a high-level view of U.S. Group Term Life Insurance mortality results during the COVID-19 pandemic and comparing them to pre-pandemic mortality levels.

Description: This research project studies the post level premium period lapse and mortality assumptions and experience for level premium term plans with a particular focus on the magnitude and impact of the “shock lapse” at the end of the level premium period.

Description: This paper presents a brief history of life insurance risk assessment and explores a future including wearable devices, genetic testing and digital health data

Description: Report on the Lapse and Mortality Experience of Post-Level Premium Period Term Plans

Description: Discusses Phase 1 survey results from the SOA/RGA post-level term research project.

Description: The underwriting landscape is constantly changing due to new and emerging risks and regulations. For this reason, it is crucial that insurance companies stay on the leading edge regarding new underwriting tests, procedures and processes. The presenters will give attendees insight into emerging issues in underwriting and their impact on processes and practices