Description: This article discusses considerations for statistical biases that may arise in LTC blocks due to historical benefit reductions. The article explores these biases in the context of experience studies and experience projections.

Description: The summary and introduction of an SOA research paper that explores valuable insights and recommendations for insurance companies considering entering the market of commercial long-term care insurance (LTCI) in the Asia-Pacific, based on individual health status.

Description: The article provides an overview of the federal tax treatment of long-term care insurance contracts, including a brief history of the tax treatment of long-term care insurance, the requirements that must be satisfied in order to be treated as qualified long-term care insurance under the Internal Revenue Code, and a brief discussion of qualified long-term care combination products and chronic and terminal illness accelerated death benefits offered under life insurance contracts.

Description: How insurers can include a liquidity score and liquidity stress scenarios as part of their asset liability management (ALM) protocol.

Description: This report examines lapse experience on individual disability income insurance products by various policyholder and product factors. The study can be used for industry benchmarking as well as for background information for product development and planning purposes.

Description: This article discusses the attributes of a unified Operational Risk Management framework and how those attributes can underpin a seven-factor economic capital model.

Description: A classical risk model with a multi-layer premium rate is considered in this paper. In the two-layer case, an explicit expression is obtained for the joint distribution of the maximal surplus up to ruin, the surplus immediately before ruin and the deficit at ruin. Such an expression involves some known results on the joint distribution at ruin for a risk model with a constant premium rate. In the multi-layer case, a scheme is proposed to compute its ruin probability.

Description: Mindful data visualizations show the end users the end way in how to analyze and interpret your data. More importantly, they can then use this data they see to drive decisions and modeling going forward.

Description: This article proposes that using common techniques employed by actuaries to manage risk like economic capital could be effective in mitigating financial losses that face the airline industry during COVID-19.

Description: This article discusses the management and testing of spreadsheets.