Description: In this article, the authors give their overview of sessions that they attended at the June 2012 Life and Annuity Symposium. The sessions discussed are Life Insurance Illustration Regulation (15 years later), Advanced Mortality Topics, and Life and Annuity Product Development Strategies in the Wake of Low Interest Rates.

Description: As product development professionals, we know that getting customer feedback is a key component of the product development process. If crafted carefully, these sessions can uncover true unmet needs, unlock the next product innovation, and create market share gains, all while creating something that contributes to society. As quoted during one of our last focus groups, “Magic stuff happens here.” When designing your research, are you doing all that you can to promote inclusive thinking? By focusing on the design of your study—through overall theme and by paying attention to the details in the process—you can uncover new perspectives that you may not have considered, if not for being deliberate in your actions. Instead of just avoiding structures that create biases, we need to actively incorporate inclusivity. Our team performed a study titled “Designing Solutions to Empower Women,” which focused on women’s viewpoints and how those could be incorporated into life insurance product development. I would love to share some of my experiences and tips collected along the way.

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.

Description: Full version of Product Matters! July 2003, Issue No. 56.

Description: A discussion of how patents can be used to recover the cost of innovation in product development and operations

Description: Read the November 2017 issue of Product Matters published by the Product Development Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: A high-level overview of the recent release of the update to the illustration practice notes, or IPNs.

Description: Read the February 2020 issue of Product Matters! published by the Product Development Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: The need for the rapid evolution, or maybe a revolution, of the Insurance business platform is a necessity in the new economy. The key drivers are technology combined with rapid improvements in customer experience, or more accurately the expectations of the customer’s experience. For Insurers that have begun the transformation to a digital business they will recognize the opportunity to take advantage of their head-start with a platform business, while others will see the evolution as an opportunity to “leap frog” into the digital business leadership.

Description: discussion of risk management and proper pricing of life insurance products.