Description: This is a nested stochastic modeling for insurance companies research report that's sponsored by the Financial Reporting and Modeling Sections and Committee on Life Insurance Research. Stochastic modeling is commonly used by financial reporting actuaries whenever financial reporting procedures such as reserving and capital requirement calculation, are performed under various economic scenarios, which are stochastically determined.

Description: Actuarial Weather Extremes: August 2020 supporting Excel file.

Description: In this paper, the authors assess the value of a GSA-type annuity within a retiree's portfolio.

Description: The SOA has collaborated with LIMRA, Reinsurance Group of America (RGA), and TAI on an ongoing effort to analyze the impact of COVID-19 on the individual life insurance industry’s mortality experience. The data collected for this study included 2.8 million deaths from life insurance policies covering the period January 1, 2015 to September 30, 2020.

Description: The SOA is pleased to make available material from the Stanford Center on Longevity that focuses on predictions of financial security at different life stages.

Description: Recommendation for a set of improvement factors to be used in conjunction with the 2008 Valuation Basic table or the 2015 Valuation Basic table

Description: These are the specifications for monetary tables based on 1958 CSO and CET mortality tables. Formulas using commutation functions for reserves and cash values are given. Originally published in 1961 and updated in 1976 due to advances in computer technology.

Description: The American Academy of Actuaries and the Society of Actuaries have joined resources to maintain this Economic Scenario Generators Excel Workbook tool for use in regulatory reserve and capital calculations. Please see the SOA website research pages for further information on this tool and how to use it.

Description: This report is jointly sponsored by LIMRA International and the Society of Actuaries in collaboration with Ernst & Young. It describes Substandard Annuities and discusses the market opportunity for them, underwriting, the associated risk management issues, and the issues companies need to address when competing in the substandard annuity market. It discusses the single premium immediate annuity, SPIA, in relation to substandard annuities and the differences between the products.

Description: This report, the second such report, presents the compilation of data received from life companies responding to a survey on preferred risk underwriting and provides opinions of the Task Force on Preferred Underwriting with respect to future trends.