Description: U.S. population death statistics and trends often occupy COVID-19 briefings and daily headlines. There are also publicly available mortality data sources for actuaries and others to perform their own analysis. Yet industry studies examining the impact of COVID-19 on insured populations are in their infancy. In this webcast, presenters will provide insights into how the life insured population is faring during COVID-19 by discussing the findings from two recent SOA research initiatives. LIMRA, RGA Reinsurance, the Society of Actuaries and TAI have collaborated on an effort to analyze the impact of COVID-19 on the individual life insurance industry’s mortality experience. Additionally, the SOA has surveyed insurers to gather a high-level view of U.S. Group Term Life Insurance mortality results during the COVID-19 pandemic and comparing them to pre-pandemic mortality levels.

Description: This article discusses the changes in the marketing and distribution of lindividual life and annuity products. It highlights new distribution channels including banks, broker dealers, wirehouses and the Internet as well as fee-for-service financial planning.

Description: With improved global mortality confirmed, the question becomes: What adjustments do actuaries need to make? This article answers that and other questions related to mortality improvements.

Description: This research study aims to understand the current and planned use of various technology types and tools and to highlight those technologies that are anticipated to grow the fastest among actuaries in 2019.

Description: This report is a summary based on current actuarial practices around the development and use of policyholder behavior assumptions including the use of dynamic modeling approaches. The research team surveyed and evaluated current practices in the industry; and highlighted current thinking on modeling human behaviors outside the life insurance industry. This project was sponsored by the SOA’s Financial Reporting Section and the Committee on Life Insurance Research.

Description: View the COVID-19 Low Interest Rate Environment Cash Flow Testing Survey Summary of Results April 23, 2020

Description: Over the past few years, the SOA Research Institute’s Mortality and Longevity Strategic Research Program has initiated studies to provide insights into the overall historical U.S. population mortality trends. During this webcast, presenters will discuss how causes of death are influencing the trends. Various perspectives will be considered including, age, period, cohort effects and cause of death mortality by socioeconomic decile/quintile. Additionally, obesity and the impact on mortality and morbidity costs in the U.S. and Canada will be examined.

Description: The Society of Actuaries (SOA) has partnered with LIMRA and the American Council of Life Insurance (ACLI) to conduct a series of ‘sprint’ surveys on the coronavirus (COVID-19) pandemic and its potential impacts on the U.S. life insurance industry. This report contains a summary of the results of the second survey on best practices in monitoring and modeling the potential impact of COVID-19 mortality on life insurance industry claims.

Description: Initiated by the Product Development Section, this report examines global product development (PD) practices of life insurance and annuity companies.

Description: Leveraging the research papers "Emerging Technologies and their Impact on Actuarial Science and Top Actuarial Technologies," the presenters of this session will highlight current and emerging actuarial technology trends, discuss how these trends will impact the day-to-day work of actuaries, and explain what actuaries can do to adapt.