U.S. Individual Life COVID-19 Reported Claims Analysis, Fourth Quarter, 2021 Update

Author

Individual Life COVID-19 Project Work Group

Description

LIMRA, Reinsurance Group of America (RGA), the Society of Actuaries Research Institute (SOA), and TAI have collaborated on an ongoing effort to analyze the impact of COVID-19 on the individual life insurance industry’s mortality experience and share the emerging results with the insurance industry and the public. This report documents a high-level analysis of the claims that have been reported through December 31, 2021. The results presented here are based on data from 32 companies representing approximately 72% of the individual life insurance in force for the experience period of the study.

Report

U.S. Individual Life COVID-19 Reported Claims Analysis, Fourth Quarter, 2021 Update

Acknowledgments

LIMRA, RGA, the SOA, and TAI would like to acknowledge the Individual Life COVID-19 Project Work Group. Without their efforts, this project could not have come to fruition.

Dan Busa (LIMRA)
Justin Clark (LIMRA)
Korrel Crawford (SOA)
Mary Kate Hoerichs (LIMRA)
Tao Huang, ASA (RGA)
Mervyn Kopinsky, FSA, EA, MAAA (SOA)
Cynthia MacDonald, FSA, MAAA (SOA)
Jake Maynard (RGA)
Jason McKinley, FSA (RGA)
Pete Miller, ASA, MAAA (SOA)
Marianne Purushotham, FSA, MAAA (LIMRA)
Scott Rushing, FSA, MAAA (RGA)
Maureen Shaughnessy, FSA, MAAA (LIMRA)
Mike Skelley (TAI)

LIMRA, RGA, the SOA, and TAI would also like to acknowledge the following individuals for their contributions in the success of this effort.

Kathryn Cox, FSA (RGA)
Ben Maska (TAI)
Pete Murphy (TAI)
Rich Tallon (TAI)

Questions or Comments?

If you have comments or questions, please send an email to research@soa.org.