Description: This discussion looks at the problems considered in drafting war-aviation clauses, plans for mitigating catastrophe hazard with respect to policyholders in the event of a major war, and steps which may be taken to minimize war disruptions of life insurance home office operations.

Description: Survey form

Description: The Committee on Life Insurance Company Expenses is currently seeking life insurance company data submissions to the 2012 Individual Life and Annuity Expense Study.

Description: The Financial Reporting and the Product Development Sections as well as the Committee on Life Insurance Research, are pleased to make the following report available. Authored by a MIB Solutions team of Tom Rhodes, Stuart Klugman, Marianne Purushotham and Stacy Gill, the report summarizes the results of a study on the application and adoption of credibility theory within the life insurance and annuity industry. In addition to the report, numerical examples related to the application of credibility to company mortality and lapse data are provided in the four Excel files.

Description: As results emerged showing the influence of COVID-19 on recent mortality, the Society of Actuaries Research Institute’s Mortality and Longevity Strategic Research Program Steering Committee (MLPSC) began to ponder what it means for the future. Was the coronavirus pandemic just a temporary shock to U.S. mortality with mortality quickly returning to prepandemic levels upon its conclusion or a lingering factor in future U.S. mortality from the potential occurrence of new coronavirus variants, post-COVID-19 conditions (“long COVID”), deferral of needed health care treatment, a fatigued health care system and other elements? Only time will provide the answers to these questions.

Description: This discussion on ordinary insurance looks at important considerations in the development of benefit structures, premium levels, reserve issues and notifying policyholders of their rights at the option dates. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.

Description: Read the June 2020 issue of Product Matters! published by the Product Development Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: Read the April 2020 issue of Product Matters! published by the Product Development Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: This study covers inter-company mortality experience under standard ordinary insurance issues between 1967 AND 1968 anniversaries.

Description: This is the table of contents of the 1971 reports of mortality and morbidity experience.