Description: This paper considers the risk that actual mortality will be lower than the mortality assumed when pricing life annuities on impaired lives. It develops a method for managing this risk through a Provision for Adverse Deviation PAD.

Description: This is a report that summarizes a Survey of Life Insurance Utilization of Automated Underwriting Systems. It was sponsored by the Committee on Life Insurance Research, Marketing and Distribution and Product Development Sections of the Society of Actuaries and the research was conducted by Deloitte. The report covers many aspects of how much industry interest there is for automated underwriting systems, the goals life insurers seek to accomplish in using them, how the automated systems function, and how successfully they perform.

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. This paper presents a long term healthcare trends resource model, prepared for the Society of Actuaries by Professor Thomas Getzen, 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.

Description: The valuation of illiquid assets is a vast topic, which is very much in a state of development. Based on comments made by investment professionals during the preparation of the proposal, this is a very challenging area of research. Generally, the investment industry will look with great interest on the outcome of this research. The research proposal was restricted in two ways. The literature review was focussed on the valuation of private placement debt PPD and real estate. The case study was limited to analyzing valuation methods with respect to PPD. Sponsored by CAS, CIA, SOA Joint Risk Management Section.

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 study includes policy years 2004-05. This is the Excel Aggregate data pivot tables that provide more detail for policy years 2004-05. Please see the SOA website experience studies for the full report and other related tables.

Description: Sent to potential participants to gather information on different preferred class structures.

Description: Information to help participating companies prepare a complete and precise submission for the experience study.

Description: In 2008, the Society of Actuaries Retirement Plans Experience Committee undertook a new pension plan mortality study. The ultimate goal of the study was to update the RP–2000 Mortality Table. This is a zip file containing the three documents which comprised the study's data request.

Description: Note developed by the IAA for insurers to support the ERM Standards and Guidance materials developed by the International Association of Insurance Supervisors for supervisors.

Description: This paper is intended to summarize the differences in theUP-94 and GAR-94 tables and to review issues that arise for actuaries in choosing the appropriate mortality table. From Transactions of Society of Actuaries 1995, Vol. 47.