Description: Future mortality improvement is an important assumption in the valuation of life insurance and annuities. In this session, presenters will discuss the work of the Mortality Improvement subgroup of the American Academy of Actuaries’ Life Experience Committee and the Society of Actuaries’ Preferred Mortality Oversight Group Valuation Basic Table Team in developing mortality improvement scales for AG-38 and VM-20. In addition, two recent SOA efforts on mortality improvement will be examined. Research on developing a broader framework for modeling mortality improvement assumptions is being developed to enable U.S. actuaries additional ways to follow a consistent approach across a variety of actuarial practice applications. Results from a study on U.S. population mortality by socioeconomic category and how it fits into the broader consistent framework will be presented. Additionally, results of a survey on mortality improvement practices of life insurance companies and reinsurers in Canada and the U.S. will be shared.

Description: Papers: Quantification and Management of Longevity Risk in China – Johnny Li, FSA, ACIA, Ph.D. - Univeristy of Melbourne, Kenneth Q. Zhou, ASA, ACIA, Ph.D. - Arizona State University, Wai-Sun Chan, FSA, CERA, Ph.D. - The Chinese University of Hong Kong A Value-Based Longevity Index for Hedging Retirement Income Portfolios – Kevin Krahe, Jonathan Ziveyi, Ph.D., Michael Sherris, FSA, FIAA, FIA, Andres M. Villegas, Ph.D. - UNSW Australia

Description: This session from the 1976 SOA Fall Meeting is about the recent data collected by the American Council of Life Insurance, and recent data collected from a comprehensive study of the Social Security system. The panel discusses the current and future implications from this data for life insurance, pensions and financial security.

Description: In the first part of this series, the presenters will provide the results of a recent SOA multi-country survey on mortality improvement practices of life insurance companies. In the second part of this session, they will discuss the issues and solutions related to the development of the most recent RPEC mortality improvement assumptions.

Description: Presenters gave their projections and analysis on demographic trends and longevity prospects going into the next century in important countries. They analyzed the factors influencing the expected trends and comment on what these trends will mean for the financial services industries and the actuarial profession around the world.

Description: This session 1GS of thePalm Desert Spring Meeting discusses the aging of our society. Topics include how fertility and mortality affect aging and the effects of changing demographics in the U.S. From Record of Society of Actuaries, Vol. 23, No. 1.

Description: This session is about the major factors affecting economic growth in the next five to ten years with major focus on expected population shifts, labor force growth, productivity movement, inflation factors and major components of demand and the outlook for 1980 for wages and prices, and describes how that outlook could be affected by various government policies. An assessment will be provided of the inflation outlook for the decade of the 1980's. From Record of Society of Actuaries Vol. 5, No. 4.

Description: This article was presented at the 1975 Spring Cincinnati Joint Meeting of the Conference of Actuaries in Public Practice and Society of Actuaries and addresses the impact of the following changes on future needs for pension coverage, future amounts of pension benefits, and costs of funding.

Description: This session discussion is about the financial implications on social insurance, pensions and post-retirement health care. From Record of the Society of Actuaries Vol. 14, No. 4B.

Description: Presented at May 1996 Spring Meeting. Who are our customers? What do they value? How do they buy? These are just a few of the questions that must always be considered. This panel discusses the answers to these and other questions as they exist today and as they will develop over the next five years.