Description: Description and welcome to the 2020 Canadian Reinsurance Conference including highlight of the key note speaker

Description: Answers common questions surrounding the individual life study and how to participate

Description: This report presents the results of individual life insurance lapse experience in the United States between observation years 2009 and 2013. Lapse experience is analyzed for whole life, term life, universal life, and variable universal life plans issued between 1918 and 2012. Results for most key policy and product factors are examined.

Description: This article explores the unique economic and behavioral considerations and challenges in reaching the millennial generation to help them address their life insurance protection needs.

Description: This article discusses the collapse of Equitable Life, founded in London in 1762 as the Society for Equitable Assurances on Lives and Survivorship.

Description: To remain relevant, life insurers need to understand changing consumer behavior and the shifting sands of buying triggers. The presenters will look at consumer studies, both U.S. and global, that reveal changing behaviors that influence the decision to buy or not buy life insurance. They will look at four demographic and economic categories including Millennials, Generation X, Boomers and the Silent Generation and how these generational groups do or don't differ in their feelings and behaviors around life and health. The presenters will address new growth opportunities for companies that align their value proposition to these changing attitudes. They will explore opportunities around health and wellness to increase policy holder engagement and share insight into generational attitudes around wearables and the sharing of personal data.

Description: This article gives examples of how an actuary can live by the actuarial motto of substituting facts for appearances. The specific examples given are setting the mortality for table shaved individual life business and setting late duration lapse assumptions for level term business.

Description: This article discusses the causes of total coverage on a life exceeding the jumbo limit found in automatic reinsurance treaties. Steps being considered and taken to address this problem are also discussed.

Description: From the 1960 Transactions Vol. 12 No. 32, this ‘Discussion of Subjects of Special Interest’ addresses insurance withdrawal rates. Topics include recent studies of factors affecting withdrawal rates and the question of whether new standard tables to replace Linton’s A and B tables are needed.

Description: This report presents the results of a joint study conducted by the Society of Actuaries and LIMRA examining both premium persistency and surrender/lapse experience for flexible premium fixed universal life (“UL”), indexed universal life (“IUL”) and variable universal life (“VUL”) products. This work represents the first industry study of flexible premium life insurance premium persistency experience, a key risk impacting the profitability of both secondary guarantee products as well as products that are marketed and sold for traditional protection and savings accumulation purposes.