Description: The results of the 2016 Group Term Life Experience Study, which includes experience for policies in force anytime during 2010 through 2013.

Description: This report covers some additional analysis of the data used to create the 2015 Valuation Basic Tables.

Description: The results of the 2016 Group Term Life Experience Study, which includes experience for policies in force anytime during 2010 through 2013.

Description: Pricing longevity swap reinsurance transactions consists of a number of different actuarial tasks, each of which hides potential pitfalls. The article outlines the pricing process, which includes a detailed analysis of current mortality experience of the portfolio to be transferred, choice and calibration of an appropriate model for mortality improvement trends and the calculation of a risk margin which reflects the uncertainty associated with the pricing best-estimate, which includes mis-estimation risk, model risk, longevity basis risk and stochastic uncertainty.

Description: This report was presented at the October 1982 Society of Actuaries annual Meeting in Washington D.C.. It presented supplementary information on the 1979 Build and Blood Pressure Study. This supplementary study was made to answer a number of specific questions raised by medical directors and actuaries of life insurance companies as well as by some prominent physicians and research scientists.

Description: This paper gives a brief description of the New Mortality Basis for Annuities, shows statistics on recent decreases in mortality rates and supplies projection scales and factors for future mortality decreases. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.

Description: This paper investigates the use of models of dependent mortality for determining annuity values. We discuss a broad class of parametric models using a bivariate survivorship function called a copula. Using data from a large insurance company to illustrate our methods, we calculate maximum likelihood estimates to calibrate the rnodel.

Description: Report on survey designed to get feedback on underwriting guidelines, requirements, assumptions and practices used in assessment of older age applicants.

Description: In the June 2014 issue of Product Matters, Doug Robbins of Pacific Life authored a fascinating article entitled “Velocity of Diversification.” Therein, he proposed a pricing measure that describes the “…speed at which confidence in profitability is attained”. How can stochastic modeling of mortality be applied to analyze the velocity of diversification, and how would that measure be affected by volatility in the underlying assumptions?

Description: The purpose of this note is to show how certain formulas of life contingencies can be derived almost painlessly under the uniform distribution of deaths assumption.