Description: This article gives the highlights of the 88-page report including detailed assumptions for products including universal life with secondary guarantees (ULSG), cash accumulation universal life (CashAccum), current assumption universal life (CAUL), indexed universal life (IUL) and variable universal life (VUL). The 29 companies and 83 products represented in the report allow for an interesting perspective on premium persistency assumptions used in pricing, cash flow testing (CFT) and generally accepted accounting principles (GAAP)/international financial reporting standard (IFRS) functions. This article covers some general results and ULSG-specific results.

Description: This report describes the results of a survey on reflecting risk in pricing. The survey expands on one conducted in 2003 and was expanded to include life, health, P&C, and non-North American insurance companies.

Description: The following Sections provide updates of their recent activities: International, Forecasting and Futurism, Product Development, and Reinsurance. From The Actuary, February 2012, Volume 9, Issue 1.

Description: Describes some of the content of the Underwriting issues and innovations seminar for the last 2 years, and lays out the topics for the seminar for 2015.

Description: There are so many things going on in the life market that challenge and engage all parties of the insurance transaction. The presenters will cover a variety of aspects of the life market including accelerated underwriting, principle based reserves, and regulatory and product changes occurring in the life insurance market. At the conclusion of the session, attendees will be able to: - Describe how the life insurance market is being impacted by changes internal and external to companies - Describe how companies are navigating changing underwriting landscape - Explain how regulations may impact companies going forward

Description: Initiated by the Product Development Section, this report examines global product development (PD) practices of life insurance and annuity companies.

Description: The Society of Actuaries Strategic Research Program Steering Committee is pleased to release this report examining how well people estimate their own life expectancy.

Description: AG 49 pertains to illustrated life insurance products with a crediting rate tied to an index. The guideline discusses the maximum illustrated credited rate and format changes to illustrations.

Description: The purpose of this endeavor was to undertake a research project on term conversion experience with a particular focus on conversion rates and mortality experience of term to permanent converted policies.