Description: This report, part of the Society of Actuaries [SOA] ‘Experience Studies – Business Practice Surveys,’ presents the results of the survey conducted by the SOA Committee on Life Insurance Mortality and Underwriting Surveys - Mortality Table Construction Survey Subcommittee, on the methods used to develop pricing mortality tables for fully underwritten life insurance. The objective of the survey was to gain an understanding of companies’ base mortality tables and the adjustments that were made to arrive at the final tables used in pricing, including whether or not mortality improvement was assumed.

Description: This report, part of the Society of Actuaries [SOA] ‘Experience Studies – Business Practice Surveys,’ presents the results of a survey conducted by the SOA Committee on Life Insurance Mortality and Underwriting Surveys - Risk Management Survey Subcommittee. Both direct individual and group life insurance and reinsurance are included in the survey. The survey asked for information related to a company’s practices with respect to catastrophic events, concentration of risk, reinsurance as a risk management tool, and alignment of underwriting and pricing experience. The intent of the survey was to gather information on the many variations in risk management awareness and practices of U.S. companies surrounding their U.S. insurance life business.