Description: This article provides an overview of the different types of real world interest rate scenarios that practitioners use in the life insurance industry and explores different approaches to building those generators.

Description: This article presents a case study that examines the implication of using real-world interest rate scenario generators with a block of fixed deferred annuities. We contrast cash flow testing results based on New York 7 deterministic scenarios to stochastic scenarios generated with the Academy Interest Rate Generator , as well as an alternative economic scenario generator designed explicitly to capture the risk of a persistently low interest rate environment and the transition to a rising interest rate environment.

Description: The Society of Actuaries Research Expanding Boundaries Pool, the Committee on Life Insurance Research, the Product Development Section and Committee on Knowledge Extension Research commissioned Ernst & Young LLP (EY) to prepare a literature review based on the material presented at the six symposia. The review provides an overview of the technical material related to data sources, validation techniques and methodologies used by leading practitioners to develop mortality rate estimates for past, present and future periods. It also presents discussions regarding business, policy and social implications of increasing longevity.

Description: This article describes techniques and models used to forecast mortality improvement and the considerations that underlie long-term mortality improvement projections in the United States.