Policyholder Behavior in the Tail Risk Management Section Working Group UL with Secondary Guarantee 2012 Survey Results
Research Projects in Risk Management
The Joint Risk Management Section is trying to develop better estimates of policyholder behavior in the tail (PBITT). The mission of the PBITT working group is to examine and ultimately give guidance to actuaries on how to set policyholder assumptions in extreme scenarios.
As part of its work, the PBITT working group issued a survey that gathered the range of assumptions actuaries use in pricing, reserving, and risk management of UL with Secondary Guarantees. The result of the survey can be accessed using the link to the right.
Policyholder Behavior in the Tail Risk Management section Working Group UL with Secondary Guarantee 2012 Survey Results Report
Thanks to the members of the PBITT working group for their help in issuing and reviewing the survey:
Jim Reiskytl, Chair
Steven Siegel, SOA Research Actuary
Barbara Scott, SOA Research Administrator
Special thanks to Stephen Hodges, Mark Bergstrom, and Chuck Bremer for their analysis and drafting the report. The working group gratefully acknowledges all of the companies that participated in the survey.