Description: The second part of a roundtable discussion on principals-based approach [PBA] and the life insurance industry, in this part discussing mortality experience studies. The first part appeared in the August/September 2008 issue of The Actuary.

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 the survey conducted by the SOA Committee on Life Insurance Mortality and Underwriting Surveys - Preferred Underwriting Survey Subcommittee. This survey asked for preferred risk underwriting practices as of July 2002. This is the third such survey completed by the Society of Actuaries. The intent of this survey was to gather information on the many variations in preferred risk underwriting.

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 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 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.’