Description: Milliman was engaged by the SOA to conduct two Accelerated Underwriting (AU) surveys, one of direct companies and another of reinsurers. The surveys explored actual results from 2019–2021 and expected results from 2022.

Description: Over the last few years, many direct companies have started inforce management programs and are now navigating what actions can be taken to optimize the business. At the same time, the legal, compliance, and regulatory environments are also changing. The presenters will explore the development and implementation of programs such as changing non-guaranteed elements or efforts to improve experience while considering the changing compliance environment, including New York Regulation 210, ASOP2 and litigation challenges.

Description: A recap of the SOA Research Institute's participation in the Spring 2024 NAIC National Meeting.

Description: Discussion of a New York Times article dealing with the arbitraging of policy loan proceeds by investing them in money market instruments whose yields were well above the policy loan interest rate.

Description: This is a research report summarizing results of premium persistency assumptions used by life insurers for flexible premium UL products.

Description: This paper presents a large number of studies made by The Mutual Life of New York determining the effect on the lapse rates of the various characteristics of the insured, the policy, the agent, and certain economic factors. From Transactions of Society of Actuaries 1951, Vol. 3, No. 7.

Description: This session from the 1983 SOA Spring Meeting discusses disintermediation and intermediation risk - C-3 Risk, investment strategy and product design including market value adjusted products. From Record of Society of Actuaries Vol. 9, No. 2.

Description: Results of the PBITT Working Group annual VA Survey.

Description: This report presents the results of a joint study conducted by the Society of Actuaries and LIMRA examining both premium persistency and surrender/lapse experience for flexible premium fixed universal life (“UL”), indexed universal life (“IUL”) and variable universal life (“VUL”) products. This work represents the first industry study of flexible premium life insurance premium persistency experience, a key risk impacting the profitability of both secondary guarantee products as well as products that are marketed and sold for traditional protection and savings accumulation purposes.

Description: Report summarizing the results of the 2018 PBITT UL with Secondary Guarantees Survey