Description: The Individual Life Experience Committee has completed their latest report on intercompany mortality experience by amount of insurance under standard individually underwritten issues. This includes study years 2009-2015.

Description: The Reinsurance Section, Product Development Section and the Committee on Life Insurance Research are pleased to present results from a company practice survey of individual life insurance accelerated underwriting. Performed by a Milliman team led by Al Klein and Karen Rudolph, the study provides perspectives from both direct life insurance companies and reinsurers. Among the areas addressed include the structure of accelerated underwriting programs, how programs are monitored, how accelerated underwritten business is performing relative to expectations and how companies are considering accelerated underwriting cohorts in the context of VM-20 assumption setting.

Description: This paper, part of the Society of Actuaries [SOA} ‘Research Projects – Finance/Investment,’ and sponsored by the Society of Actuaries Committee on Finance Research, is a research report exploring the mechanics and implementation of economic capital programs for life insurance companies. The report includes discussion of the common methods for calculating economic capital with advantages and disadvantages of each method among other topics. In addition to the, a PowerPoint presentation with highlights from the report is also available.

Description: This project aims to understand pension participants’ investment and withdrawal behaviors and provide guidance in pension plan design, with China’s data.

Description: This research examines the intersection of US insurance ratemaking and analytics techniques in advanced modern rating systems and associated regulatory considerations in the US.

Description: A recommendation for a set of improvement factors that vary by gender and attained age to be used in conjunction with the 2008 Valuation Basic table or the 2015 Valuation Basic table for AG-38 purposes.

Description: Scenario generators used in financial models to quantify risk are sometimes described as being as either “real-world” or “risk-neutral”. The difference is in the treatment of the market price of risk. This report explores the relationship between real-world and risk-neutral scenarios and when it is appropriate to use each type.

Description: Zero-Knowledge Proofs (ZKPs) represent an innovative suite of cryptographic algorithms that validate the accuracy of sensitive information without revealing the actual information itself. This report introduces the diverse applications and emerging opportunities that ZKPs offer to the insurance community, especially in the health insurance space.

Description: This report was prepared to provide an overview of Registered Index-Linked Annuities for use in the educational curriculum of the Society of Actuaries. It presents general principles and highlights major differences from other types of deferred annuities offered by life insurance companies in the United States.

Description: Inflation and the possibility of recession are major factors affecting health care cost increases over the next five years. Insurance and medical organization will continue to evolve but are unlikely to create major shifts in the short run. However, over the long run structural changes in providers and payment mechanisms will determine future trends – raising or lowering the health share of GDP depending upon public choices and private decisions.