Description: After years of discussion and debate, PrinciplesBased Reserving (PBR) is finally a reality. Small insurance companies have a unique opportunity to decide between electing for the company-wide exemption or adopting the PBR methods. This article discusses the benefits and challenges of the options available to small insurers under VM-20 as well as best practices that have been found along the way.

Description: Future mortality improvement has been a common assumption in life insurance and annuity pricing and forecasting for many years. However, experience over the last decade suggests this might be an assumption that merits reconsideration in the United States. This article will take a closer look at factors that impact mortality improvement trends and discuss why insurers may want to reevaluate product designs to better manage the associated mortality risk. We then introduce a product idea with this in mind, where premiums are based on a life expectancy index and insurers share the risk (and opportunity) or mortality improvement with policyholders.

Description: This report covers the U.S. intercompany mortality experience by amount of life insurance under standard individually underwritten issues between 1989 and 1990 anniversaries. The report also combines experience between 1985 and 1990 so that broader comparisons can be made for males vs. females, smoker vs. nonsmoker, and medical vs. nonmedical issues.

Description: This report covers the U.S. intercompany mortality experience by amount of life insurance under standard individually underwritten issues between 1988 and 1989 anniversaries. The report also combines experience between 1984 and 1989 so that broader comparisons can be made for males vs. females, smoker vs. nonsmoker, and medical vs. nonmedical issues.

Description: This paper considers recent accidental death mortality experience applicable to both ordinary life policies and other accident products, presents a possible new valuation accidental death benefits mortality table for U.S. business, and provides several sources for actuaries interested in more information about accidental death mortality.

Description: This report 1970 covers age-adjusted death Rates for leading causes of death in the United States for the years 1950 through 1967.

Description: This article details different methods for calculating mortality impact associated with new underwriting programs. A common simplified calculation is compared and contrasted with two first principles approaches. The strengths and weaknesses of both approaches are discussed.

Description: This presentation was given at the 2016 SOA Annual Meeting and presents results of an Older Issue Age Mortality Analysis

Description: This report covers the intercompany mortality experience under Standard Ordinary insurance issues between 1976 and 1977 policy anniversaries, and also for the period between 1972 and 1977 policy anniversaries where one year's exposure generally provided an insufficient volume of data.

Description: This 1975 report was the then latest in a series of annual reports on intercompany mortality experience under Standard Ordinary life insurance policies. This was based on issues between 1973 and 1974 anniversaries, and also for the period between 1969 and 1974 anniversaries where one year's exposure provided an insufficient volume of data.