Description: The Retirement Plans Experience Committee of the Society of Actuaries (RPEC) is pleased to present this annual update to the RPEC_2014 model and its corresponding mortality improvement scales. This new version of the model reflects historical U.S. population mortality experience through 2018. For clarity, the updated mortality improvement scale based on this 2020 version of the model is called Scale MP-2020.

Description: Several presentations that contain analyses on the SOA’s Individual Life Experience Committee’s 2003 to 2013 Individual Life Mortality Experience Data are available below. The final 2003 to 2013 Individual Life Mortality Experience Report and data will be published later this year.

Description: Report on follow-up survey conducted in Jul/Aug 2017, which covered accelerated underwriting and predictive analytics.

Description: This research will provide detailed insights into the risk factors that drive private pension plan mortality experience. The private pension plan mortality experience collected for this research will be aggregated, de-identified, and made available for further analysis. In addition, mortality tables based on this private pension plan experience will be developed for use in the valuation and risk management of private pension plans.

Description: Come discuss how to treat experience that is impacted by COVID (e.g., 2020+), as well as expected experience moving forward in terms of excess deaths related to COVID and non-COVID topics. Expect to also cover how the COVID period has impacted lapse/surrender behavior and trends in recent industry mortality and lapse studies that have been conducted including areas where individual companies typically have limited data. You will learn about various techniques of adjusting experience for the impact of COVID and the considerations in using such experience and setting a best-estimate assumption going forward. For mortality, the discussion will include both base mortality as well as future mortality improvement and the intersection of both of these.Explore an understanding of available data to supplement their experience in areas where they may have limited internal experience

Description: The Society's Group Disability Insurance Experience Committee has completed their study of termination experience for the period 2009-2017. Included is a preliminary report, consolidated database (CDB), pivot tables and appendices.

Description: Experience report for life insurance policies with face amounts of $1 million or higher.

Description: The SOA, with SCOR as the researcher, completed an experience study of post-level term (PLT) lapse and mortality. In the first part of this session, the presenters will cover the key findings of the traditional analysis regarding the shock lapse, the PLT lapse and mortality experience. The remainder of the session will focus on the results of the predictive modeling, which will provide further insights into policyholder behavior in the post-level term period.

Description: Data is at the core of the actuaries' role within companies, but how can actuaries translate data insights into informed and actionable decision making? The key is communicating data insights into a language that transcends analysis and enables real-time decisions that can provide an advantage to your management team. Learn an approach to choosing a tool or medium for your data insights, questions to ask yourself to better understand the communication necessary, and perspectives on how actuaries can take a larger role in actionable decisions within the industry. Understand availability, quality, and practical application of data sources health actuaries can access easily, how that data looks, approaches to transforming data into decisions, how it enriches administrative and claims data, and applications to pricing and reserving. Finally, discuss implications of ASOP 23, ASOP 41, and ASOP 56 as it relates to this topic. By attending this session, you will be able to: - Create an action plan on how to transform data into messaging for your leaders. - Use real experiences to formulate a strategy to expand the actuaries' role in informing decisions within the industry, including examples, to illustrate how data can benefit financials of health coverages. - Understand the application of ASOP 23 (Data), ASOP 41 (Communication), and ASOP 56 (Modeling) as it relates to turning data into decisions. - Be knowledgeable about new sources of morbidity for medical care and LTC and how to acquire and apply this information in actuarial models.

Description: The Individual Life Experience Committee has numerous research projects underway. Take a look at three current areas of research: the analysis of the interaction of lapse and mortality experience using data from mandatory submissions; a deep dive into old age mortality; and an update on the committee's work to establish a predictive analytics framework that will be open for all actuaries and data scientists to use. By attending the session, you will: - Better understand the research conducted by the Individual Life Experience Committee. - Better understand the link between lapse and mortality experience, appreciate some of the nuances of older age mortality, and gain knowledge about a predictive analytics framework that will be released in the future.