Description: Guaranteed Issue mortality valuation tables, report, and definition.

Description: The Marketing and Distribution Section just celebrated its one-year re-birthday-a very exciting milestone, to be sure. I term it a "re-birth" as we are not really "new" but we did expand upon our Non-Traditional Marketing base into our current form. Nonetheless, we are exhibiting some traits of a true one-year old (no drooling or diapers, thankfully). From News Direct, September 2006, Number 54.

Description: The Reinsurance Section, Product Development Section and the Committee on Life Insurance Research are pleased to present results from a company practice survey of individual life insurance accelerated underwriting. Performed by a Milliman team led by Al Klein and Karen Rudolph, the study provides perspectives from both direct life insurance companies and reinsurers. Among the areas addressed include the structure of accelerated underwriting programs, how programs are monitored, how accelerated underwritten business is performing relative to expectations and how companies are considering accelerated underwriting cohorts in the context of VM-20 assumption setting.

Description: The Professional Insurance Marketing Association (PIMA) recently named the winners of its annual Marketing Methods Competition at the 2005 PIMA MarkeTTech Symposium. Winners represent the best of the best in insurance direct marketing.

Description: This is an editorial about direct marketing, credit insurance and non-traditional product management. From News Direct, May 2006, Number 53.

Description: This report, part of the Society of Actuaries [SOA] ‘Experience Studies – Business Practice Surveys,’ presents the results of the survey on Life Settlements, prepared by the SOA Committee on Life Insurance Mortality and Underwriting Surveys Life Settlements Survey Subcommittee. The responses from two separate surveys, one to direct writers and the other to reinsurers, have been combined into this single report. Survey question topics include company characteristics, market participation, market management, and consequences to the Industry.

Description: This survey report from the Business Decisions [Reinsurance] Survey Subcommittee of the Society of Actuaries Committee on Life Insurance Mortality and Underwriting, was intended to gather information on reinsurers’ views and practices with respect to ceding companies making ‘Business Decisions,’ defined as decisions ‘beyond the rules’ or ‘outside the underwriter’s intelligent judgment.’

Description: This page details the benefits of the CAE program.

Description: This article is all about using assumptions in illustration actuary testing. It starts talking about assumption governance, which applies to illustration actuary models as much as any other models. It then goes on to talk about the particular rules related to assumptions for illustration actuary testing.

Description: This interactive session provides an introduction to behavioral economics, including groups identifying areas where behavioral economics could be applied in actuarial practice. Experience a practical application workshop using behavioral economics for direct sale products. Break out into small groups and develop an outline of a BE based sales program for a product of your choosing to be sold over the internet. Gain feedback and take part in a discussion. By attending the session, you will: - Understand the basic concepts of behavioral economics. - Have some ideas of how it can be applied to actuarial practice. - Learn how to design a product using BE and how to design an experiment to test the effectiveness of an application of BE.