Description: This report, part of the Society of Actuaries [SOA] ‘Experience Studies – Business Practice Surveys,’ presents the results of the survey on Life Settlements, prepared by the SOA Committee on Life Insurance Mortality and Underwriting Surveys Life Settlements Survey Subcommittee. The responses from two separate surveys, one to direct writers and the other to reinsurers, have been combined into this single report. Survey question topics include company characteristics, market participation, market management, and consequences to the Industry.

Description: This report, part of the Society of Actuaries [SOA] ‘Experience Studies – Business Practice Surveys,’ presents the results of the survey on laboratory testing issues, prepared by the SOA Committee on Life Insurance Mortality and Underwriting Surveys Laboratory Tests Survey Subcommittee. The survey asks questions about companies’ internal practices in regards to how laboratory tests become part of the underwriting paradigm, in particular, how changes are made, who the decision-makers are, and what support is necessary to add a test.

Description: This report, part of the Society of Actuaries [SOA] ‘Experience Studies – Business Practice Surveys,’ presents the results of a survey conducted by the SOA Committee on Life Insurance Mortality and Underwriting Surveys - Risk Management Survey Subcommittee. Both direct individual and group life insurance and reinsurance are included in the survey. The survey asked for information related to a company’s practices with respect to catastrophic events, concentration of risk, reinsurance as a risk management tool, and alignment of underwriting and pricing experience. The intent of the survey was to gather information on the many variations in risk management awareness and practices of U.S. companies surrounding their U.S. insurance life business.

Description: This report, part of the Society of Actuaries [SOA] ‘Experience Studies – Business Practice Surveys,’ presents the results of a survey conducted by the SOA Committee on Life Insurance Mortality and Underwriting Surveys - Mortality Improvement Survey Subcommittee. The purpose of the survey was to explore life insurance company practices regarding the use of a mortality improvement assumption in the pricing of life insurance products.

Description: This report, part of the Society of Actuaries [SOA] ‘Experience Studies – Business Practice Surveys,’ presents the results of a survey conducted by the SOA Committee on Life Insurance Mortality and Underwriting Surveys – Regulation XXX Survey Subcommittee. The purpose of the survey was to explore the actions companies took on their term products in response to the introduction of the NAIC Valuation of Life Insurance Policies Model Regulation [Regulation XXX] and Actuarial Standard of Practice No. 40, including the development of companies' ‘X factors,’ the associated annual X factor certification process, and how Regulation XXX impacted the companies' level term pricing.

Description: This report, part of the Society of Actuaries [SOA] ‘Experience Studies – Business Practice Surveys,’ presents the results of a survey conducted by the SOA Committee on Life Insurance Mortality and Underwriting Surveys – Improving the New Business Process Survey Subcommittee. The survey examined the various changes U.S. and Canadian life insurance companies have recently made, or are considering making, to improve the new business process and to determine which changes were considered by the respondents to have had the most impact. Survey topics include the application process, changes to underwriting requirements, underwriting systems, underwriting resources, experience based on past changes, and policy delivery.

Description: This report presents the results of a survey undertaken by the Society of Actuaries Committee on Life Insurance Mortality and Underwriting Surveys - Early Duration Claims Survey Subcommittee. The Survey was sent to actuaries and underwriters at life insurers and life reinsurers in the United States and concerned life insurance claims in early policy durations – defined as the first five policy years. Topics of questions included underwriting, claims practices, how early duration claims are monitored, and early duration mortality experience.

Description: This survey report from the Business Decisions [Reinsurance] Survey Subcommittee of the Society of Actuaries Committee on Life Insurance Mortality and Underwriting, was intended to gather information on reinsurers’ views and practices with respect to ceding companies making ‘Business Decisions,’ defined as decisions ‘beyond the rules’ or ‘outside the underwriter’s intelligent judgment.’

Description: This report, part of the Society of Actuaries [SOA] ‘Experience Studies – Business Practice Surveys,’ presents the results of the survey on foreign travel underwriting practices of direct companies, prepared by the SOA Committee on Life Insurance Mortality and Underwriting Surveys - Foreign Travel [Direct Writer] Survey Subcommittee.

Description: This report, part of the Society of Actuaries [SOA] ‘Experience Studies – Business Practice Surveys,’ presents the results of a survey on foreign travel underwriting practices of reinsurance companies, prepared by the SOA Committee on Life Insurance Mortality and Underwriting Surveys - Foreign Travel [Reinsurance] Survey Subcommittee.