Description: Are you 'dying' to learn about how the mortality data, submitted under the NAIC's Valuation Manual Experience Reporting Requirements (VM50 & VM51), is used? The SOA's Individual Life Experience Committee (ILEC) will describe the data validation 'experience' and explain on how the data eventually influences statutory valuation requirements. The presenters will also 'expose' attendees to the latest insights and observations in the data. Attend this session and learn how the SOA 'minds it's p's and q's' in individual life insurance. At the conclusion of the session, attendees will be able to: - Describe the various types of SOA research that have been performed on the data collected under VM50 and VM51 - Describe the database, released by the SOA, that is compiled from the data collected under VM50 and VM51 - Explain the importance of data quality in VM50 submissions - Identify how the data that is submitted under VM50 would be used to determine Principle-Based Reserving requirement

Description: Claims are insurers deepest and richest transactional data – yet we rarely unleash the full potential of this data. In this session, we will discuss potential sources and attributes of claims data, traditional approaches alongside new analytic techniques and how to integrate models into existing claims management processes. During this session, the presenters will discuss different areas of how machine learning can drive significant value unleashing the potential in claims data, these include data capture, claims management and workflow design as well as behaviour prediction. In addition, the audiences will also have opportunity to learn different use cases of how claims models taking advantage of machine learning, such as foreign death fraud detection and critical illness triage.

Description: Discusses mortality improvements over the last 20 years, the extent to which premiums on nonparticipating policies reflect the changes in mortality experience, the proposed new valuation table, should valuation tables be split by gender, and extra mortality on substandard lives at very long durations.

Description: Panelists discuss recent trends in the effects of mortality and lapse rates on term life insurance. The discussion includes: • Theories predicting the impact lapse rates have on mortality after the level premium period • Recent industry studies on mortality and lapses • The impact lapse and mortality rates have on profits

Description: This session from the 1992 Valuation Actuary Symposium explores claim reserves, including reserves for stop-loss products, claims reserves for group disability insurance products LTD, and claim reserves for shorter term claim payouts primarily major medical type products and Medicare supplement type products. It also covers Actuarial Standard of Practice 5 dealing with incurred health claim liabilitities.