Description: This article examines the impact of a changing smoking rate on population-level mortality improvement and the importance of taking this driver into account.

Description: This article reports the maximum statutory valuation and nonforfeiture interest rates for 1999 issues of selected life insurance products and the maximum statutory valuation interest rates for 1998 issues of selected annuity products.

Description: This article discusses whether or not life expectancy will continue to increase.

Description: Summary of the Life and Health Actuarial Task Force Meeting held in September, 2003

Description: Highlights of Sessions at the 2014 Life and Annuity Symposium and the 2014 SOA Annual Meeting & Exhibit

Description: The Canadian Institute of Actuaries CIA recently updated its studies of lapse experience under universal life UL level cost of insurance COI and term-to-100 T100 policies. These studies can help U.S. actuaries set lapse assumptions for other lapse-supported products where no or little ultimate lapse experience exists, such as return of premium ROP term and UL with no lapse guarantees. The financial implications of overestimating ultimate lapse rates for these products can be significant.

Description: This article contains a summary of some of the Product Development Section presentations given at the 2017 SOA Annual Meeting & Exhibit in Boston this past October.

Description: In this article we provide a market overview of these three living benefit riders, discuss key product development and pricing considerations, explore the advantages of offering many living benefit riders on a single life insurance policy, and review considerations when filing these products for review and approval for entering the market.

Description: Description of the mathematics involved when looking at low probability events within a company from the perspective of the C-Suite. The accumulation of small probability events leads to a much higher probability of at least one of them happening in a given period.

Description: Originally featured as a breakout session at the 2015 CRC, this presentation discusses, from a North-American and non-actuarial perspective, how population growth and size have a major impact on socio-demographic needs in term of health care, social and old age security, education, transport and infrastructure. Their underlying components are two opposing forces, namely mortality and longevity. Understanding their past and possible future key drivers is not only important to the macro-economic planning of government agencies, but also to pension funds, insurance companies, and other stakeholders of the financial and insurance industries.