2005-2015 Experience Adjustments to the 2013 IDI Valuation Table Policy Incidence Rates

Authors

Jay Barriss, FSA, MAAA
General Reinsurance

Bob Beal, Actuary, FSA, MAAA
Milliman – Retired

Tom Corcoran, FSA, MAAA
Willis Towers Watson

Laurie Fede, FSA, MAAA
Mass Mutual

Tasha Kahn, Actuary, FSA, MAAA
Milliman

Tracy Koch, FSA, MAAA
Principal

Description

This report discusses the development of policy reserves derived from the 2005-2015 claim incidence experience and the 2006-2014 claim termination experience from the Society of Actuaries’ report titled “2006-2014 Experience Adjustments to the 2013 IDI Valuation Table Claim Termination Rates, Revised April 2022.” This report also discusses modifications to the 2013 IDIVT incidence rates to reflect experience observed from 2005 to 2015.

Report

2005-2015 Experience Adjustments to the 2013 IDI Valuation Table Policy Incidence Rates

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