Description: Defining fairness for life insurance processes is complex and challenging as well as subjective. This webcast will be a discussion of the challenges and opportunities presented as our profession rethinks fairness in the context of processes involved in developing and managing life insurance, especially risk classification.

Description: Both claim inflation rate and yield drive the loss ratio projection of long term care insurance (LTCi). The effects depends on whether a policy has inflation protection or not. A constant margin between claim inflation and discount rates does not produce a constant loss ratio. Considering the relationship between yield and claim inflation would improve the risk profile of LTCi.

Description: The purpose of this endeavor was to undertake a research project on term conversion experience with a particular focus on conversion rates and mortality experience of term to permanent converted policies.

Description: Leveraging the research papers "Emerging Technologies and their Impact on Actuarial Science and Top Actuarial Technologies," the presenters of this session will highlight current and emerging actuarial technology trends, discuss how these trends will impact the day-to-day work of actuaries, and explain what actuaries can do to adapt.

Description: A method to price a term life policy to properly reflect the post conversion experience. Also reserving methods, in both the term and perm products.

Description: The article illustrates a method to price a term life policy to properly reflect the post conversion experience. The article also suggested a reserving method.

Description: The authors take a deeper look at the long-standing motto of the Society of Actuaries, from John Ruskin, “The work of science is to substitute facts for appearances and demonstrations for impressions.”