Description: This article delves into a new line of statistical thinking of the author, that may be useful for product development actuaries. The key concept is how product design can produce products that diversify quickly, meaning that the company can be confident of a profitable product line, based on fewer sales than might be true for other designs.

Description: Mandatory implementation of life principle-based reserves (PBR) is just around the corner, and there is no shortage of work to do, as most products have yet to be moved to PBR. Oliver Wyman recently completed its 2019 PBR survey, with more than 40 participants covering 85 percent of the individual life market, including 23 of the top 25 life writers and five reinsurers. This article will expand on the key survey findings including implementation status and model simplifications.

Description: This is an article that has excerpts from each of the four winning papers of a contest sponsored by the Society of Actuaries on the subject of visions of the life insurance industry in 2020.

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 growing popularity of variable products and compares the product design and pricing of VUL and UL products.

Description: This article discusses Actuarial Guideline CCC and its impact on ROP Term.

Description: This article gives examples of how an actuary can live by the actuarial motto of substituting facts for appearances. The specific examples given are setting the mortality for table shaved individual life business and setting late duration lapse assumptions for level term business.

Description: Feature article describing the events of the recent 2012 ReFocus meeting.

Description: This is an article about the “hardening” market for reinsurance on term and universal life with secondary guarantees. From Small Talk Newsletter, June 2005, Issue No. 24.

Description: Presenting the customer a measurable value of life insurance that makes the advice process transparent to both the customer and adviser.