Description: While our ability to access and analyze large quantities of data is better than ever, many long-term products suffer from sparse data in critical risk areas, such as deep in-the-money lapse experience and long-term utilization rates for income guarantees. The presenters will explore industry-level annuity experience data for these types of situations, and discuss quantitative approaches to addressing them in pricing and other applications.

Description: This discussion is on the availability of utilization and cost experience data for group medical care insurance coverages. Specifically, it highlights the role of the Society of Actuaries in intercompany data collection, employer demands for sophisticated utilization data for comparison by industry and geographic location, sources of industry-wide data, data resource potential of health claims processing by the National Electronic Information Corporation, and antitrust implications. From Record of the Society of Actuaries 1981, Volume 7, No. 4.

Description: This discussion examines the following of the subject of Morbidity statistics: What solutions are being found for development of morbidity statistics to meet the needs of individual companies? What changes, if any, in the Society's role as a collection agency for morbidity experience can be made to expedite such development? What uses of Health Statistics developed from the 1957-58 US National Health Survey have been made? From Transactions of Society of Actuaries 1959, Vol. 11, No. 31.

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: In this session, attendees will learn to model historical mortality rates and to forecast their possible future scenarios, using a freely available and well-tested toolkit written in open source R. The core of the toolkit is implemented in the R package StMoMo (https://CRAN.R-project.org/package=StMoMo) and enables a practitioner to derive best estimate and measurements of uncertainty using academically robust demographic and actuarial mortality projection models.

Description: In this session, the presenters will discuss (1) results from a recent study of credibility applications in the pricing of group long term disability business, (2) morbidity experience from individual disability business, and (3) lessons can be learned from each line of business.

Description: The presenters will dig into the little rider that most actuaries don't spend much time thinking about. A regulator, a direct writer and a consultant will discuss their thoughts on this rider and point out areas where actuaries should focus before deeming it insignificant. Topics will include the current study underway to update the industry experience study (most recently done in 1952), underwriting considerations, interactions with other riders, benefit designs, unique issues on UL policies, tax implications and reserving considerations

Description: This session from the 2003 SOA Orlando Meeting presents medical advances, common diseases and the resulting trends for the future on longevity and morbidity risk, underwriting trends and measuring the impacts of the changes. From the Record of the Society of Actuaries, Volume 29, No. 3.

Description: This presentation is a concurrent session from the 1980 Annual Meeting of the Society of Actuaries, held October 20-22 in Montreal. This session was arranged by the American Statistical Association, ‘ASA,’ and the five panelists are biostatisticians, the moderator being the sole actuary. It is the result of efforts by the ASA and SOA to work together and provide sessions at each other’s meetings. The panelists discuss specialized techniques developed for making greater use of noninsurance studies such as medical follow-ups and clinical trial analyses, which may, because of their nature, involve relatively small groups, and compare them with the more traditional actuarial methodology. Discussion from participants is included. From the Record of Society of Actuaries, Volume 6, No. 4.

Description: The presenters will explore the current state of the North American mortality baseline and long-term improvement assumptions and determine what we can learn from the UK's approach. They will share research done by the Society of Actuaries and other organizations to describe how to build a better model, plus show the impact socio-economics and other factors have on longevity expectations. The presenters will offer suggestions for how U.S. and Canadian pension plan and insurance actuaries--and the industry itself--can best use this research to develop a better model for the risk management of pension plans and group annuities