Description: This paper looks at the cost of nonforfeiture benefits at different levels of mortality. According to the assumptions in the paper, when expenses and dividends are considered, the costs of the extended insurance option are generally lower than those of the paid-up insurance option at the lower levels of substandard extra mortality. From Transactions of Society of Actuaries 1968, Vol. 20, Pt. 1, No. 58.

Description: This discussion is about what mortality and expense bases are appropriate for the determination of rates for the one-year term dividend option. From Transactions of Society of Actuaries 1961, Vol. 13 Pt. 2

Description: 1968 study restricted to conversions of term insurance and guaranteed insurability option elections where the original policy was issued at standard rates.

Description: Digital transformation in the life and health insurance industry is reaching an inflection point. Today, the shift to digital sales platforms and processes is rapidly accelerating. More than ever, insurers are striving to provide an increasingly seamless, personalized, and digitally enabled customer experience. Medical and financial underwriting is an integral part of this customer experience. It is deeply ingrained in insurers’ operations and legacy systems. It’s at the very core of their risk management functions, ensuring long-term profitability and solvency. It’s common for insurers to already have rules-based automated underwriting engines. Now, many are looking to transition to the next generation of underwriting—“Augmenting underwriting with artificial intelligence (AI)” using AI/predictive/machine learning models and data to augment existing underwriting processes. This is nothing short of a revolution in customer experience.

Description: This report describes trends in asset allocation of major life insurers across eight Asian markets.

Description: Summary report of the 2005 Individual Life and Annuity Expense Study. Document contains a description of data used in the study, description of unit cost formulas, list of companies contributing to the study, tables and graphs, etc.

Description: Initiated by the Product Development Section, this report examines global product development (PD) practices of life insurance and annuity companies.

Description: Initiated by the Product Development Section, this report examines global product development (PD) practices of life insurance and annuity companies.

Description: This report series examines weather extremes in North America, focusing solely on major weather events

Description: This paper examines past mortality trends and discusses how these trends may change over the next 75 years, thus influencing the growth of the elderly population. In addition, this paper describes the methods and assumptions used to project future mortality rates and presents results, including assumed annual rates of mortality reduction and projected life expectancies. As well, this paper discusses stochastic time-series methods that are used to help quantify the variability in the mortality rate projections.