Description: This article discusses an update to a survey that focuses on how companies are trying to price for and understand the risks inherent in the products they sell.

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 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: This article highlights some of the results from the Society of Actuaries SOA 2010 update to the 2005 Reflecting Risk in Pricing Survey. The survey focused on how companies are trying to price for and understand the risks inherent in the products they sell in various product lines—life and annuity, health, and property and casualty P&C insurance—and showed results for various countries of location and business focus.

Description: Five Insights from the Society of Actuaries Product Development Survey on how to bring products to market.

Description: Product Development Section Chairperson’s commentary regarding the June 2012 issue of Product Matters! In this article, Donna discusses items such as upcoming section elections, proposed research projects, and the product development LinkedIn group.

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 article discusses sessions from the product development section post symposium seminar on product development - beginning to end. Sessions included product specific topics like term, universal life with secondary guarantees, and indexed products. Panel discussions included inforce management and advanced modeling issues.

Description: Product Development Section Chairperson’s commentary regarding their 3-year term on the council that is now ending.