Description: After years of discussion and debate, PrinciplesBased Reserving (PBR) is finally a reality. Small insurance companies have a unique opportunity to decide between electing for the company-wide exemption or adopting the PBR methods. This article discusses the benefits and challenges of the options available to small insurers under VM-20 as well as best practices that have been found along the way.

Description: The Canadian Institute of Actuaries (CIA) and Society of Actuaries (SOA) engaged RGA Reinsurance Company (RGA) to undertake a research project on level premium term life insurance products with a particular focus on the magnitude and impact of the “shock lapse” at the end of the level premium period. This project is similar to the SOA-sponsored research completed by RGA in 2014 for USA business.

Description: Future mortality improvement has been a common assumption in life insurance and annuity pricing and forecasting for many years. However, experience over the last decade suggests this might be an assumption that merits reconsideration in the United States. This article will take a closer look at factors that impact mortality improvement trends and discuss why insurers may want to reevaluate product designs to better manage the associated mortality risk. We then introduce a product idea with this in mind, where premiums are based on a life expectancy index and insurers share the risk (and opportunity) or mortality improvement with policyholders.

Description: This report covers the intercompany mortality experience under Standard Ordinary Insurance issues between 1963 and 1964 anniversaries. It reviews mortality experience from medical and nonmedical issues in the first fifteen policy years and the sixteenth and subsequent years. From the Transactions of Society of Actuaries, 1965.

Description: This 1960 Report covers the intercompany experience under standard ordinary insurance issues between 1958 and 1959 anniversaries. It includes medical and nonmedical issues during the first fifteen years and the sixteenth and subsequent years. From Transactions of Society of Actuaries, 1960 Reports.

Description: This is a discussion of the paper, The Mortality of Industrial Policyholders 1950 to 1955 by Edward A. Lew and Mortimer Spiegelman. From Transactions of Society of Actauries 1957, Vol. 9, No. 24.

Description: This report covers the U.S. intercompany mortality experience by amount of life insurance under standard individually underwritten issues between 1989 and 1990 anniversaries. The report also combines experience between 1985 and 1990 so that broader comparisons can be made for males vs. females, smoker vs. nonsmoker, and medical vs. nonmedical issues.

Description: This article is part of the Digest of Informal Discussion, which took place at the 1955 Society of Actuaries Eastern Spring Meeting, held March 24-25 in New York City. The article identifies the participants and summarizes each person’s comments. The participants discuss the reliability of the indications of the 1954 Committee Report, and the possible effects of inflation, economic activity, and the growing popularity of business insurance. They also discuss what changes in limits and underwriting policies for large amounts may be indicated. From Transactions of Society of Actuaries 1955 Volume 7, Number 18.

Description: This report covers the U.S. intercompany mortality experience by amount of life insurance under standard individually underwritten issues between 1988 and 1989 anniversaries. The report also combines experience between 1984 and 1989 so that broader comparisons can be made for males vs. females, smoker vs. nonsmoker, and medical vs. nonmedical issues.

Description: This paper considers recent accidental death mortality experience applicable to both ordinary life policies and other accident products, presents a possible new valuation accidental death benefits mortality table for U.S. business, and provides several sources for actuaries interested in more information about accidental death mortality.