Description: Unloaded (basic) and loaded, ultimate tables for females on an age-last birthday and age-nearest bases as of 2017

Description: View the Income Optimization Objective Model.

Description: This web page contains a link to an Excel table, provided by the SOA Pension Section, with the month-end Moody's Long-Term Corporate Bond Yields - AA Bond Ratings - from January 1986 through June 2011. The Pension Section stopped updating the table after June 30, 2011.

Description: Are you a health actuary affected by recent developments in business practices and accounting standards that have created situations in which you may be involved in estimating balances under accounting rules that differ from those typically used by insurers? In this session you will learn about situations where non-insurance accounting regimes may intersect actuarial practice, with an intended focus on two particular topics.

Description: In this article, we summarize inflationary factors that may result in a sharp increase in interest rates and implications for life insurer convexity risk exposure, most notably to dynamic policyholder lapsation. We further provide insights into potential ALM strategies to mitigate this convexity risk. Due to the prolonged low-interest rate environment and low minimum interest rate guarantees offered to policyholders, liability convexity is higher than prior historical periods, which results in life insurers’ ALM positions being extremely vulnerable to short-term interest rate spikes. Convexity mismatches cause issues for life insurers under both rising and declining interest rate scenarios. This means that life insurers are not compensated for taking convexity risk and, therefore, convexity matching should always be considered in the asset optimization process. There are mixed signals from policymakers and financial markets regarding potential inflationary and sharply rising interest rate scenarios. The key takeaway is that life insurers are not compensated for taking convexity risk and it is the right time for insurers to review convexity exposure. There are different approaches available to mitigate convexity exposure through rebalancing of asset positions and hedges within each life insurer’s risk limits.

Description: This presentation relates to determining the next standards applicable for pension plan valuation in Canada, depending upon further decisions to be made by the Actuarial Standard Board-Conseil des norms actuarielles.

Description: This is an excel spreadsheet showing mortality data from all companies ILEC 2005–07 supporting files and additional information by age band. Please see the SOA website experience studies for the full report and other related tables.

Description: This is an excel spreadsheet showing mortality data from all companies ILEC 2005–07 supporting files and additional information by age band. Please see the SOA website experience studies for the full report and other related tables.

Description: This analysis is being done to determine how recent experience, from the statistical agent data collected by MIB, is emerging relative to the 2015 VBT.

Description: The 2024 Dangerous Risks survey shows respondents react to recent increases in "old favorite" risks as technology evolves and the environment moves away from the pandemic.