Description: Discussion of session 3B.

Description: Most actuarial explorations of increased longevity have, quite understandably, focused on its direct financial implications for things like health care costs, retirement systems, and social security or other public policy provisions. But future life extension has many other potential implications, both direct and indirect, for various socioeconomic factors, which in turn have the potential to affect the actuarial valuation of future risk contingencies. This paper examines a sampling of the socioeconomic issues emerging from the possibility of substantially increased longevity. Because of the complexity and interrelatedness of these issues, actuarial and risk modeling of this prospective environment could be a significant challenge.

Description: Abstract for Perspectives on SOA Post-Retirement Risk Research and What It Tells About Implications of Long Life

Description: Abstract for Modeling Medical Cost Trends for Advancing Age in the Long Run

Description: Sex Differences in Predictors of Health Decline: Results from a 16-Year Longitudinal Cohort Study

Description: Informal Discussion Transcript - Session 5A

Description: Stress tests and scenarios are often used as an informative tool to help stakeholders understand the risk profile of a firm. These analyses are often informational only and not directly linked to internal decision-making. This paper describes our approach to integrating stress tests into a regular decision-making process as part of our Own Risk and Solvency Assessment (ORSA). We have implemented a framework and analytical process that both enhances management’s understanding of our risk profile and links that to the development of our risk appetite. In this applied paper, we describe the framework and supporting analytics we established to achieve this goal and the practical implications for obtaining buy-in from senior management to establish this as an ongoing process.

Description: The Effect of Medical Technology on Health Care Cost, the Effect of Health Care on Longevity and Vice Versa.

Description: Analyse the increase in the number of centenarians in Quebec (Canada) across birth cohorts (1871 to 1901). Outline some of the demographic mechanisms involved.