Description: When annuity products became prevalent in the U.S., they all looked more or less the same. It was where folks put their safe retirement money, yielding modest guaranteed returns with a menu of payout options to help secure their retirement. Over time, this commoditization lead to a pricing squeeze and an exhaustive set of product options and features, exposing carriers to market and policyholder behavior risk over the past decade or so.

Description: Research topics from Reinsurance Section.

Description: Panelists discuss the U.S. statutory and GAAP reserving, and risk-based-capital [RBC], requirements associated with guaranteed minimum death benefits [GMDBs], guaranteed living benefits [GLBs], and enhanced-earnings riders available with variable annuity [VA] contracts. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 142OF of the Boston Annual Meeting.

Description: This study is the latest in continuing reports on intercompany mortality experience by amount of insurance under standard individually underwritten issues. This study focuses on the trends over the 1995–2000 period and includes individual year results.

Description: The 2000-01 Report and files have been removed from the website because the values therein seem too high relative to the subsequent 2002-04 Report.

Description: The Long-Term Care Valuation Work Group of the American Academy of Actuaries and the Society of Actuaries Research Institute have released a report to replace the mortality and lapse bases for statutory minimum reserves. The Work Group defined the base mortality table to be the 2012 Individual Annuity Mortality Table. Development of mortality margins and the lapse assumption were based on the 2000-2011 SOA/LIMRA LTC Voluntary Lapse and Mortality Experience Study.

Description: This seminar is designed to give life and annuity practitioners an in-depth view of the important topics and fundamentals of reinsurance, from the perspective of a U.S. life insurance company. Reinsurance industry experts will present on the various types of reinsurance, contract issues, financial implications and other considerations. Attendees will leave this seminar with a stronger understanding of life and annuity reinsurance, and current topics. Keep in mind this seminar is designed for participants with a moderate level of experience. Educational Objectives • Provide attendees with a stronger understanding of life and annuity reinsurance, and current topics • Give attendees an in-depth view of important topics and fundamentals of reinsurance

Description: This session from the 1995 SOA Vancouver Meeting covers recent legislative and regulatory developments in the U.S. and Canada including the ownership of the surplus in a pension plan, the CIA discipline process, the Department of Labor's DOL's 'safest available annuity provider' rule and tax issues on deferred compensation plans. From the Record of the Society of Actuaries, Vol. 21, No. 3a.

Description: ARCH is an informal electronic publication presenting current actuarial research, which the Education and Research Section of the Society of Actuaries offers to members and friends of the actuarial community.