Description: This discussion examines the effect continued inflation has on the pricing process. Additionally, if the current dividend scales should be hedged for future inflationary impacts and if there is a change in product demand or sales as a result of inflation. From Record of Society of Actuaries, Vol. 1, No. 2.

Description: From the 1985 Valuation Actuary Symposium. A discussion of the principles that should be part of a life insurance valuation. Also discussion of emerging actuarial professional standards of practice and regulatory requirements with respect to methodology for assessing reserve adequacy.

Description: From the 1986 Valuation Actuary Symposium, held in Washington DC in October 1986 Discussion of the process for setting assumptions for cash flow testing of interest sensitive products for reserve valuation analysis under statutory accounting in the USA and Canadian GAAP.

Description: The purpose of this article is to discuss potential issues and considerations that may be encountered with the implementation of VM 20. Crucial considerations include the modeling software used, validation effort, assumptions used, complexity of the process, documentation, and run time. A key takeaway is that an integrated modeling platform with solid automation and asset-liability capabilities is imperative for addressing the issues and considerations encountered.

Description: This paper reviews recursive formulas for aggregate claim distributions. Followed by a submitted discussion paper

Description: This literature guide focuses on the distribution costs, especially the field compensation costs, that are incurred through the traditional general agency, branch office or brokerage structures for individual life, annuity and disability products.

Description: The goal of this article is to provide some insight into life settlements. It reviews the benefits and the risks of conducting such a transaction. It covers how large the market is, why and when it would be appropriate, the transaction process, and the pricing and underwriting.

Description: The article highlights key considerations as companies begin to reserve for their IUL products under PBR.

Description: Panelists discuss the history of this 75-year-old Medical Information Bureau MIB, its very active and data-rich source of medical information, and the services that the MIB offers to clients and other industry groups. From the Record of the Society of Actuaries, Vol. 24, No. 1.

Description: Read the July 2016 issue of Product Matters!