Description: In 1995 and 1997, the Task Force on Preferred Underwriting completed surveys on the preferred risk underwriting practices on U.S. life insurance business. A third survey was sent out in August 2002. In addition to that survey, it was decided that it would be important to get the opinions of the reinsurance market on preferred risk underwriting. The attached report presents the results of the first preferred underwriting survey compiling reinsurance information from U.S. and Canadian reinsurers on U.S. Life business.

Description: The Society of Actuaries (SOA) and the LIMRA Secure Retirement Institute are pleased to present the results of new research on the retirement market in China.

Description: The article provides a high-level, non-technical, introduction to artificial neural networks (ANNs) and deep learning with an application to risk management. The method relies on typical ANN components such as nodes, activation functions, and optimization through gradient descent.

Description: The prospects of longer retirement durations driven by the continued improvement in mortality, changes in social insurance “normal” retirement ages, and/or socio-economic factors, have made several decisions about retirement more important.

Description: The excess spread approach introduced in this paper addresses the true economic profitability of investment oriented products by looking at the spread between the earnings rate on the assets and the rate required to be earned on the assets to satisfy the liabilities. For many products, an important part of the liability cost is the value of interest rate options embedded in the policies. The excess spread approach incorporates an option-pricing technique that is sufficiently flexible to handle different interest rate environments.

Description: Discussion of events of a the June 2009 NAIC/LHATF meeting.

Description: This is the presidential address by former President of the Society of Actuaries, Henry F. Rood. From Transactions of Society of Actuaries 1958, Vol. 10, No. 28.

Description: Abstract for the 2008 ERM Monograph paper, “Measuring the Rate Change of a Non-Static Book of Property and Casualty Insurance Business”

Description: This article is a review of another article that is an exposition of the mathematical methods used in the Framingham Study.

Description: This considers the distribution of the number of renewals in time interval in Markovian arrival processes.