Description: The class involves a combination of presentations, class participation, in-class exercises and structured hands-on work with the MA BPT in small workgroups. Prior to this course, participants are expected to spend 3 to 10 hours preparing, depending on prior experience level.

Description: The class involves a combination of presentations, class participation, in-class exercises and structured hands-on work with the MA BPT in small workgroups. Prior to this course, participants are expected to spend 3 to 10 hours preparing, depending on prior experience level.

Description: The class involves a combination of presentations, class participation, in-class exercises and structured hands-on work with the MA BPT in small workgroups. Prior to this course, participants are expected to spend 3 to 10 hours preparing, depending on prior experience level.

Description: Healthcare costs have been rising faster than general inflation for many years. Early models that predicted this past pattern projected healthcare expenditure growth that continued to outpace total expenditure growth leading to the fallacious position that the whole of the US economy would ultimately be consumed by healthcare. The Society of Actuaries' Pension Section and Health Section Research teams commissioned Professor Thomas E. Getzen of Temple University to construct a resource model for the projection of long term healthcare cost trends that includes capacity constraints to ensure the long-term projection is rational. The motivation for creation of the model was driven by its potential usage as a resource for the estimation of reportable liabilities for retiree healthcare benefits as specified under FAS 106 and GASB 45 accounting statements. This is a zip file containing the following: 1. A background paper on the creation of the health trend model, 2. The model, programmed in Microsoft Excel [xls format], that projects per-person expenditures and growth rates through 2099 using baseline assumptions, but also permits the flexibility for user–inputted alternative assumptions, and 3. Technical documentation providing transparency and support for the ultimate results.

Description: The Society of Actuaries Product Development Section, the Modeling Section, the Reinsurance Section and the Financial Reporting Section announce the release of a new research report that introduces a novel framework for leveraging the "architecture" of an industry mortality table within a company's predictive analytics-based insured mortality analysis.

Description: In January 1998, the NAIC Life and Health Actuarial Technical Task Force asked the Society of Actuaries to address disability reserving issues. The reason for this request was that the NAIC had received reports that statutory reserves based on the current morbidity tables frequently fail the tests of adequacy and reasonableness. Further, they requested that this review extend to contract and claim reserves and across all lines of disability insurance - group and individual, and short- and long-term. They also requested help in establishing when it is appropriate for a company to use its own experience in valuation. This report represents a recommendation to the NAIC for an interim update to the 1985 CIDA Table for Individual Disability claim reserves. This zip file contains the final report and appendices.

Description: This report contains estimates of incidence and continuance rates from the general population using data available from the National Long–Term Care Surveys. This report was done by a subcommittee of the Society's Long–Term Care Experience Committee and reflects work done primarily at the Duke University Center for Demographic Studies. This is a ZIP file containing main report, all appendices, tables, and figures from the study and model.

Description: The SOA's Committee on Finance Research is please to make available the results of this research project, jointly sponsored by the SOA and CAS, that explores economic series and provides and Excel based tool for generating future economic scenarios. This is an Excel Spreadsheet for Appendix C showing Simulated Financial Scenario Data of inflation rates and interest rates from this research project. Please see the SOA website for the full report and other related spreadsheets.

Description: US GAAP for Life Insurers chapter 7 spreadsheets. Spreadsheets demonstrate cashflows for single premium deferred annuity under SFAS91. Please see the book US GAAP for Life Insurers for full detail on US GAAP.

Description: US GAAP for Life Insurers chapter 6 spreadsheets. Various spreadsheets illustrate a Universal Life product and the various accounting needs under SFAS97 including DAC and Unearned Revenue Reserve amortization and assumption unlocking. Please see the book US GAAP for Life Insurers for full details on US GAAP accounting.