Description: Investors in the Life Settlements Market have had to rely on simple actual to expected analyses for a quality assesment of life expectancy reports. This article presents an alternative validation methodology, which makes much better use of the available mortality information. Investors can thereby perform their own, statistically conclusive, analyses concerning the life expectancies on which they have based their pricing and management of future cash flows.

Description: Discusses underwriting classification trends, term vs. permanent mortality experience with and without medical exams, mortality and lapse experience of military personnel, factors in addition to insurability which should be taken into account by underwriters - such as lapse risk. Also discussed are health underwriting and underwriting expenses.

Description: Discussion of the mortality experience of the Korean War. The purpose of this paper to present some statistics and point out variations in the hazard that might that might be of value in setting up rules for the underwriting of military risks.

Description: Discussion of the following underwriting topics: A. What elements are being taken into consideration in current underwriting of risks in or subject to military service? B. What changes have occurred recently in the amount limits for the double indemnity benefit? Is accident insurance considered in applying such limits? C. What underwriting problems have arisen in connection with the income disability benefit which matures the policy at an age such as 65? In what respect is this benefit underwritten differently from the $5 per $1,000 lifetime income disability clause? D. What are the advantages and disadvantages of issuing ordinary insurance at ages over 65?

Description: From the 1960 Transactions Vol. 12 No. 32, this ‘Digest of Smaller Company Forum’ presentation addresses the extent to which smaller insurance companies have felt the need to develop new benefits such as guaranteed issue or modified underwriting, guaranteed insurability riders, multiple accidental death benefits, and preauthorized check plans.

Description: This spreadsheet allows you to calculate the Underwriting Criteria Score, Relative Risk Ratios [RRR] and prevalence related to the RRR for one or more sets of underwriting criteria from a preferred risk underwriting program. The RRR may be used to determine the specific valuation mortality table to be applied to the particular underwriting risk class.It assists companies in calculating underwriting criteria scores as outlined in the Underwriting Criteria Team Report. Please see the SOA website for the full Underwriting Criteria TeamReport.

Description: This article explains how one company, American Life of New York, is using innovative applications to improve and speed the underwriting process.

Description: Discussion of the findings of a survey conducted by Deloitte Consulting on the experience insurers were having with automated underwriting. This survey was solicited by the Society of Actuaries' Marketing and Distribution Section Council, the Product Development Section Council and the Committee on Life Insurance Research.

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: In North America, the proportion of elderly persons now in the population is about 13 percent and is expected to rise to 20 percent by the year 2030. Insurers face a new wave of insurance candidates over ages 65, 70 and 75 with risk assessment challenges in underwriting the health of old age risks.