Description: This report has been assembled by the Task Force as a comprehensive guide to practicing actuaries in evaluating the impact of AIDS on the solvency of life and health insurance companies in the US and Canada. From Transactions of Society of Actuaries 1988, Vol. 40, Pt. 2.

Description: A paper outlining key considerations & issues that may be met when implementing VM-20, like product development resources, pricing models or product features.

Description: This research report is the result of a second phase examination of the impact of VM-20 on life insurance product development.

Description: This paper develops an equitable and practical method of calculating and assessing the required extra premiums to give insurance protection to those applicants subject to the factor in this latter group which includes most of the accident hazards connected with vocations and avocations. From Transactions of Society of Actuaries 1950, Vol. 2, No. 3.

Description: The Potential Impact of Pandemic Influenza on the U.S. Life Insurance Industry pandemic model tool. This tool is used to project a Life Insurance companies potential losses from an influenza pandemic. Please see the SOA website for complete instructions on how to use this excel spreadsheet tool. Also see the website for the complete research report: www.soa.org/research/research-projects/life-insurance/research-impact-pan-influ-life-ins.aspx. The core of the paper is quantifying the potential impact of selected pandemic scenarios on the Life Insurance industry.

Description: This paper develops a theory for the valuation of some kinds of interest sensitive cash flows. A process is derived which takes as input, assumptions about the capital markets and policy holder behaviour, and produces as output interest and decrement assumptions which can be used for conventional actuarial discounting. The methodology is illustrated using some idealized, but tractable, models of conventional non-par whole life insurance. The method is also applied to a simple Universal Life plan. The paper concludes by considering some of the problems encountered when applying the ideas to more practical problems.

Description: This is a report that provides an analysis using data submitted by participating companies evaluating the impact of valuation mortality tables proposed for use in the life insurance industry. This study was designed to help “field test” the proposed tables on calculations for ordinary life insurance statutory reserves under VM-20 and tax reserves, nonforfeiture values, and IRC 7702/7702A.

Description: This is Section 1. Table of Uniform Seniority for Joint Life Calculations based upon the 1958 CSO and CET Mortality Tables. From Transactions of Society of Actuaries 1959, Vol. 11, No. 31.

Description: The Canadian Institute of Actuaries and Society of Actuaries Committee on Life Insurance Research, the Product Development Section and the Financial Reporting Section, sponsored this study investigating how the Canadian life insurance industry is utilizing predictive modelling.

Description: The Smaller Insurance Company Section, the Committee on Life Insurance Research and the Product Development Section announce the release of a new report on the impact mortality credibility has on principle-based reserves.