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 study of mortality was restricted to conversions of term insurance originally issued at standard rates. Duration was measured from date of conversion of the term policy to a permanent plan of insurance. A comparison is done for mortality on converted policies to that of newly underwritten permanent plan policies. From Transactions of Society of Actuaries, 1963 Reports.

Description: Observations of the meeting in Orlando of the 2017 Living to 100 Symposium, including summaries of the remarks by the guest speakers.

Description: An article from The Actuary that highlights the strategic importance of inter-company mortality studies. Broad-based mortality studies form the backbone of the life actuarial profession. However, few companies have sufficient exposure or deaths to construct their own mortality table. Even is some large companies have enough data, there is still a vast majority of companies that do not. Historically, the void has been filled by means of inter-company studies.

Description: This is the annual report submitted by the Subcommittee on Individual Life of the Committee on Expected Experience on the intercompany mortality experience for Canadian standard ordinary life insurance policies.

Description: Covers individual life Canadian mortality experience for 1988 - 1989 anniversaries. Historical data from 1981 forward is also shown.

Description: Covers the intercompany mortality experience for Canadian Standard Ordinary Life insurance policies for 1987 - 1988 anniversaries.

Description: Covers mortality experience for Canadian standard ordinary life insurance policies for the period 1989 - 1990 anniversaries. Historical data is also shown from 1982 forward.

Description: Presented at Living to 100 symposium, January 2002. This is a report of a study in which the Cox proportional hazard model, a widely used survival analysis tool, was applied to profiling the mortality of an insured advanced-age population. The data was derived from 14 US insurers. This data represents policies issued between 01/01/1997 and 12/31/2000 to policyholders of age 60 or older. The major study results include measures of mortality, variations by selected risk factors, estimated mortality experience of the underlying population, and a comparison of mortality experience estimated by direct calculation, the Society of Actuaries’ SOA 1990-95 mortality study, and our extended Cox modeling technique.

Description: As a result of publishing the 1990-1991 annual report on mortality using the CIA 1982-88 mortality tables as an expected, there has been interest in recalculating past studies on the same basis. As a result, selected tables of Canadian mortality experience for the period 1986 through 1990 are included in this report.