Description: This session is based on research sponsored by the Society of Actuaries Mortality and Longevity Strategic Research Program, the Canadian Institute of Actuaries, and the Institute and Faculty of Actuaries to develop new methods and tools to enhance current mortality modeling and measurement actuarial practices. The presentation will discuss research accomplishments to date including a new mortality dataset that subdivides the U.S. population by education level and provides insightful analysis on mortality inequalities and mortality by cause of death. Additionally, research currently being performed or planned will be explained.

Description: Because data quality is critical in the measurement of an event as rare as the death of a supercentenarian, special care must be used. We will discuss practical methods of validation used by researchers in the field, alternate methodologies and data cleaning procedures to ensure validity of mortality data as extreme old age. We will also explore some of the consequences of inadequate data preparations on the curve of mortality at the end of life.

Description: Different mortality projection methodologies are utilized by actuaries across applications and practice areas. As a result, the SOA’s Longevity Advisory Group (“Advisory Group”) developed a single framework to serve as a consistent base for practitioners in projecting mortality improvement. The Mortality Improvement Model, MIM-2021, Tools and User Guides, compose the consistent approach

Description: Panel members provide an overview of current practices and breaking trends in the critical illness market. Topics for discussion include benefit design, pricing considerations, recent experience and long-term outlook for the product. From the Record of the Society of Actuaries, Volume 28, No. 2, Session 47