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: This study covers the following subjects: Mortality during the first 15 years of insurance under standard, medically examined ordinary insurances and mortality during the 16th and later policy years by attained age only for standard ordinary insurance. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.

Description: This investigation covers the mortality on policies for large amounts issues in 1934 and later. This study looks at the experience in the period between 1941 and 1947 anniversaries. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.

Description: This 1976 report report covers the inter-company mortality experience under Standard Ordinary insurance issues between 1974 and 1975 anniversaries, and also for the period between 1970 and 1975 anniversaries where one year's exposure generally provided an insufficient volume of data.

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 covers the intercompany mortality experience under Standard Ordinary insurance issues between 1975 and 1976 policy anniversaries, and also for the period between 1971 and 1976 policy anniversaries where one year's exposure generally provided an insufficient volume of data.

Description: This 1975 report was the then latest in a series of annual reports on intercompany mortality experience under Standard Ordinary life insurance policies. This was based on issues between 1973 and 1974 anniversaries, and also for the period between 1969 and 1974 anniversaries where one year's exposure provided an insufficient volume of data.

Description: This report covers the intercompany mortality experience under Standard Ordinary insurance issues between 1976 and 1977 policy anniversaries, and also for the period between 1972 and 1977 policy anniversaries where one year's exposure generally provided an insufficient volume of data.

Description: This is the annual report submitted by the Subcommittee on Individual Life of the Committee on Expected Experience on the intercompany mortality experience for Canadian standard ordinary life insurance policies.

Description: Covers the intercompany mortality experience for Canadian Standard Ordinary Life insurance policies for 1987 - 1988 anniversaries.