Description: Discusses the need for a new life insurance valuation mortality table to replace the 1941 CSO, the authorization by the NAIC to form a committee to construct such a table, and the preliminary table developed.

Description: Presented at May 2002 Spring Meeting. Discusses the proposed new valuation table and how it affects future product development and design.

Description: This article addresses the 2001 CSO Mortality Table and the implications for preneed insurance, for which the table has been deemed inadequate. The article explores interim measures such as additional reserves, treatment as substandard, and tax implications. There is also discussion of a model NAIC regulation which would mandate the use of 1980 CSO mortality for preneed as well as efforts to eventually establish a new preneed mortality table for valuation and nonforfeiture purposes.

Description: In the June 2014 issue of Product Matters, Doug Robbins of Pacific Life authored a fascinating article entitled “Velocity of Diversification.” Therein, he proposed a pricing measure that describes the “…speed at which confidence in profitability is attained”. How can stochastic modeling of mortality be applied to analyze the velocity of diversification, and how would that measure be affected by volatility in the underlying assumptions?

Description: Identifies current trends and considerations when setting the mortality improvement assumption for individual life insurance in the US.

Description: Article Board Of Governors by Bog in The Actuary, March 1979, Volume 13, Number 3

Description: In 2015, LIMRA partnered with the SOA on a study that focused on examining individual LTC policy termination experience including both voluntary lapse and mortality results. This work was based on data submitted by 22 LTC carriers representing approximately 75 percent of the LTC lives inforce over the study period 2000-2011. This article discusses an area of emphasis for the policy terminations work which was to better understand the impact of data quality on reported results given the continued difficulty for insurers in accurately distinguishing voluntary lapse activity from deaths.

Description: This section presents multiple book reviews and summaries of recent publications. Reviews: 'Social Security' by Myers, 'Report on Actuarial Principles and Practical Problems with Regard to Nonforfeiture Requirements' by Society of Actuaries, 'Mortality and Morbidity in the US' by Erhardt and Berlin, 'The Fifty-Second Annual Report of the Board of Actuaries of the Civil Service Retirement System' by US Government, 'Health Service Information in the US Today' by Murnaghan, 'Financial Problems Confront the Federal OASI and DI Trust Funds' by Staats, 'Public Employee Pension Funds' by Tilove, '1976 Annual Reports of the Board of Trustees of the Federal OASDI Trust Funds...' by US Congress, 'Report of the Consultant Panel on Social Security to the US Congressional Research Service' by US Government, 'Crime by Computer' by Parker, 'Reports of Consultants on Actuarial and Definitional Aspects of Social Security Disability Insurance' by US Government, 'Social Security: The Fraud in Your Future' by Shore, '1972 Lifetime Earnings by Age, Sex, Race and Education Level' by Social Security Administration. Digests also included.

Description: While this session was billed as C-2 risk, discussion focused almost entirely on HIV and AIDS, including the history, nature, spreading and mortality of the disease, and its impact on life and health insurance underwriting, pricing, and reserves. From the 1987 Record of Society of Actuaries, Vol. 13, No. 3.

Description: Discussion of the mortality experience of the Korean War. The purpose of this paper to present some statistics and point out variations in the hazard that might that might be of value in setting up rules for the underwriting of military risks.