Description: Table of contents

Description: Posting site for this study, which encompasses claim termination experience for the calendar years 1997 - 2006. This report is accompanied by two Excel workbooks containing supplementary material.

Description: A look at the COVID-19 crisis in 2020, and how it differs from both prior financial crises and pandemics. The COVID-19 pandemic gives actuaries an opportunity to assess different ways risk may interact, and thereby adjust the profession’s work for the future.

Description: Table of Contents for the February 2006 issue of The Actuary Magazine.

Description: This experience study, from the Society of Actuaries [SOA] ‘Experience Studies – Individual Life,’ was conducted by the SOA’s Committee on Life Insurance Company Expenses [CLICE]. CLICE has developed and conducted inter-company expense experience studies annually since 2001. This report documents the results of the Committee’s eighth expense study. Updated in July, 2011.

Description: This experience study, from the Society of Actuaries [SOA] ‘Experience Studies – Individual Life,’ was conducted by the SOA’s Committee on Life Insurance Company Expenses [CLICE]. Recognizing an absence of publicly available intercompany individual life insurance and annuity product expense information for benchmarking and other purposes, CLICE develops and conducts experience studies providing this information. This report documents the results of the Committee’s third expense study.

Description: The Society of Actuaries Reinsurance Section is seeking proposals for research projects on predictive analytics that will produce information, data, models, and/or empirical tools useful to life reinsurance professionals.

Description: Milliman was hired by the Society of Actuaries (SOA) to provide high face amount mortality data from a mortality study Milliman recently completed. High face amounts are defined as $1 million and higher. The information in the tables was taken or derived from the data collected and used to produce the Milliman Industry Mortality Study and Analysis (MIMSA).

Description: Download the most current issue, as well as back issues, of Reinsurance News newsletter.

Description: This paper applies the research in Prospect Theory of Kahneman and Tversky to explain why sales of annuities lag sales of life insurance products. The author theorizes that life insurance is easier to sell because customers perceive themselves to be in the domain of losses, while potential annuity customers perceive themselves to be in the domain of gains. Kahneman and Tversky showed us that people are mostly risk averse in the domain of gains and risk seeking in the domain of losses. Purchase of an annuity or life product is a risky investment. Customers will find it easier to take the risk in the life insurance domain of losses than the annuity domain of gains. The author then proposes a hybrid life annuity product that might address both mortality and longevity risk in one product that would allow both products to be more competitive than stand-alone products.