Description: The SOA president honors those who have helped him achieve his professional goals, and offers ideas on ways to help others grow and thrive within the profession.

Description: Continuation of article from previous issue. This article illustrates the practical and financial implications of applying nested stochastic techniques to a sample product.

Description: Illustrative impacts on new business profitability of the 2017 Tax Cuts and Jobs Act for a variety of different life and annuity product types

Description: Profitability of traditional life and health products has long been considered less sensitive to changes in interest rates than profitability of universal life, SPDAs, or other “interest-sensitive” products. Consequently, traditional products have often been priced with a single deterministic interest scenario.

Description: Full version of The Financial Reporter, Issue No. 70, September 2007.

Description: Discusses methods to efficiently run stochastic models in light of AG 43.

Description: Feature article discussing new approaches to actuarial modeling.

Description: An excerpt from 2015-2016 SOA President Craig Reynolds’ address to members at the 2015 SOA Annual Meeting and Exhibit, focusing on ideas to explore in the year ahead.

Description: Future mortality improvement has been a common assumption in life insurance and annuity pricing and forecasting for many years. However, experience over the last decade suggests this might be an assumption that merits reconsideration in the United States. This article will take a closer look at factors that impact mortality improvement trends and discuss why insurers may want to reevaluate product designs to better manage the associated mortality risk. We then introduce a product idea with this in mind, where premiums are based on a life expectancy index and insurers share the risk (and opportunity) or mortality improvement with policyholders.

Description: This research report, part of the Society of Actuaries [SOA} ‘Research Projects – Finance/Investment,’ is sponsored by the Society of Actuaries [SOA] Committee on Finance Research. This paper explores and summarizes current practices on the interest-rate risk of traditional life and health insurance products.