Description: Speakers provide insights for adjusting historical and future mortality for COVID-19. Recent Society of Actuaries research examining historical U.S. population mortality by socioeconomic category and methodologies for removing the impact of COVID-19 from mortality rates will be presented. Additionally, results from an expert opinion survey on COVID-19 and future mortality will be discussed. Thoughts on how companies are utilizing external and internal sources to modify mortality assumptions/models for COVID-19 will be shared.

Description: Gross Domestic Product (GDP) has been our chosen metric for growth since the Great Depression, but expectations are for lower GDP growth going forward than we are accustomed to. Its two components, population and productivity, face headwinds—population from a declining birth rate and longevity, and productivity from increased climate events, energy costs, global conflict and raw materials shortages. Comparing demographic results from the U.S., China and Nigeria, representing countries with varying population growth rates, illustrates the potential economic growth issues of aging populations and high dependency ratios. The demographic challenges can be turned into opportunities to broaden prosperity; productivity can be improved by providing a level playing field and helping those in the lowest socioeconomic classes find opportunities. These topics and more will be discussed and enhance foresight about them.

Description: The SOA Research Institute’s Living to 100 Symposium gathers researchers from many specialties, including demographers, medical researchers, academics, insurtechs and actuaries to discuss their latest research on longevity. Come check out the highlights from the 2023 symposium.

Description: This report explores the behavioral factors influencing insurance purchase among Gen Z and Millennials for forward-looking purposes, leveraging a rich dataset spanning 22 markets across six continents.