Description: This report summarizes the results of a mortality and pricing survey. It indicates significant differences between the mortality assumptions for different product lines and even between different companies within a single product line. Widespread differences in mortality expectations between products may give individuals an advantage by acting on inefficiencies in the financial services market.

Description: We apply grouped functional time series forecasting methods to produce point forecasts of mortality rates at older ages and price fixed-term annuities.

Description: Discussion of the biases understatement of risk/reserves that arise when aggregating cells in modeling Variable Annuity Minimum Guaranteed Death Benefits

Description: A pension actuary and a life actuary collaborate to express public pension liability and asset issues in terms and figures that an insurer would use

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 presentation establishes a bang-bang solution for the optimal withdrawal strategies.

Description: This paper develops a model of annuity mortality that facilitates a more thorough evaluation of the issues of policyholder antiselection and insurance company response. Aging occurs as an annuitant's health state changes. Death occurs either as terminal health state or by accident. By knowing the current health state, the annuitant or insurance company can improve its knowledge about life expectancy.

Description: In this article, the author compares evolution of the annuity market in the United Kingdom to one’s progression through the actuarial examination system.

Description: New Zealand is about to launch its first variable annuity with guaranteed lifetime withdrawal benefits. The product design is mindful of the lessons from the financial crisis in the United States, Europe and Japan.

Description: A high level review of IRR methodology, common issues in calculation, and IRR applications in insurance.