Description: As a life reinsurer, understanding mortality risk is mission critical. Superior models of mortality risk lead to more competitive pricing in profitable market segments and more efficient use of capital. Surprisingly, modern statistical tools such as predictive modeling have not previously been used to model mortality data to gain this edge. In this paper, we present the use of a predictive modeling technique called projection pursuit regression PPR to model mortality data. We first describe the process of creating a PPR model using inter-company mortality data collected by the Individual Life Experience Committee of the Society of Actuaries, and present the resulting model. We then discuss the process of using this model as a starting point for creating a more detailed PPR model of internal company mortality data.

Description: A checklist for treaty preparations and review of a standard life Reinsurance Agreement. This document covers the purpose of each provision, the common elements, common variations and problems that may arise.

Description: Claims Provisions of a reinsurance agreement.

Description: A collection of brief and generally unrelated provisions that are commonly found in a reinsurance agreement. Part of a series of monographs published under the heading of Life Treaty Provisions.

Description: Preamble Section - An introduction to the treaty. Published as part of a series of documents under the heading of Life Treaty Provisions.