Description: Future mortality improvement has been a common assumption in life insurance and annuity pricing and forecasting for many years. However, experience over the last decade suggests this might be an assumption that merits reconsideration in the United States. This article will take a closer look at factors that impact mortality improvement trends and discuss why insurers may want to reevaluate product designs to better manage the associated mortality risk. We then introduce a product idea with this in mind, where premiums are based on a life expectancy index and insurers share the risk (and opportunity) or mortality improvement with policyholders.

Description: This session discussion is about the role of data analysis in decision making, HIAA surveys, National Center for Health Statistics [surveys on Ambulatory Medical Care, Hospital Discharge and Nursing Homes], and SOA experience data collection efforts. From Record of the Society of Actuaries Vol. 15, No. 1.

Description: Documentation Sheet for Database in relation to the 1991-92 Group Medical Insurance Large Claims Database experience study.

Description: Presented at October 1985 Annual Meeting. Discusses the outlook for U.S. government statistics after budget costs and restraints, statistics of income, outlook for linked studies among the different agencies, plans for a 1987 National Medical Expenditures Survey, and the use of government statistics in marketing studies.

Description: The South African life insurance industry contains the largest life insurance market in Africa, it is highly sophisticated and highly regulated. In the years 2020 and2021, the industry suffered significant mortality losses due toCovid-19. What can we learn from this experience in South Africa?

Description: Emerging Applications of ESG Methods offers ground-up insights on cutting edge applications of economic scenario generation. The course will focus on the incorporation of climate change risk in scenario modeling and investment applications of ESGs. The following topics will be covered: Approaches to climate risk modeling. Climate risk is very different than classical financial economic risk. Radical uncertainty is amenable to scenario analysis and lack of data. Building special deterministic scenarios that go beyond NGFS requirements as well as bespoke scenarios. Holistic Approach to Climate Risk Modeling. Overview of different Climate Risk Modeling Applications. Use of ESG scenarios for Strategic Asset Allocation (SAA). Liquidity risk management.

Description: The article highlights the key components of the PBR resource manual and analyze its implications for companies' assumption management practice.

Description: Presented at June 2002 Spring Meeting. This session discusses how credibility varies by size of groups for various health coverages, when a block of business can be considered fully credible, how credibility can factor into a rate filling, and to what extent current experience can be considered more credible than past experience.

Description: The 1986-98 Credit Risk Loss Experience Study represents a continuation of the 1986-94 study analyzing credit loss experience by institutional investors on private placement bonds. The study measures incidence rates, loss severities and economic loss rates associated with credit risk events for privately placed debt during the years 1986-98.

Description: London's book supersedes the graduation monograph of Morton D. Miller and T.N.E. Greville’s Study Note on the Society of Actuaries’ syllabus. Although London's book covers much the same methods as did the predecessors, he adds emphasis to the Bayes Theorem and also emphasizes techniques making good use of personal computers.