Description: Breakout Sessions 1A: The Fundamentals of Pricing for Underwriters

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

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.

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: In this mock jury trial, a life insurance company defends their underwriting process. The audience, as the jury, will render the verdict.

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: 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.