Description: This article examines the impact of a changing smoking rate on population-level mortality improvement and the importance of taking this driver into account.

Description: Key excerpts from research recently performed by Milliman consultants for the SOA on the impact of VM-20 on life insurance product development.

Description: The most popular term product, guaranteed level premium term typically, with level premiums for 10, 20 or 30-years has basic reserves under 1980 CSO that are significantly larger than needed. The 2001 CSO may provide substantial relief from these excess reserves. This article discusses how much impact on profits this relief may provide.

Description: Key excerpts from research recently performed by Milliman consultants for the SOA on the impact of VM-20 on life insurance product development.

Description: The heart of a reinsurance arrangement is that a loss by the direct writer will be covered. The risk that coverage may be lost can be managed—practical steps can be taken to ensure that the ceding company and reinsurer remain in agreement about what business is and is not covered under the terms and conditions of the reinsurance agreement.

Description: discussion of risk management and proper pricing of life insurance products.

Description: This article focuses on these Key Points - The Situation: Mortality Improvement assumption is not a simple equation. What Could Happen: Any mortality improvement assumption is a bit of a ‘bet’ relative to the ongoing penetration of known developments and the introduction of new developments, such as the appearance of the AIDS epidemic. What Needs to Happen: Better understanding of Mortality Improvement assumption, final assumption, and best estimate approach.

Description: The Effects of Triple-X on Product Design by Mary Bahna-Nolan from Product Development News, August 2000, Issue No. 50.

Description: This article discusses the potential impact that low interest rates can have on the Life Insurance industry, even if they occur for a short period of time.

Description: Impact of low and negative interest rates on various aspects of insurer operations including product management, investment management and capital management.