Description: Ronald Fawthrop and Brian Holland of the SOA’s Individual Life Experience Committee provided a preview of an upcoming individual life mortality study at the SOA’s Life and Annuity Symposium on May 9, 2017. Their presentations are available here.

Description: This presentation explores the applicability of multiple population versions of the Lee-Carter model in the modelling of mortality by cause of death and socio-economic stratification.

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

Description: Experience reporting forms (ERFs) are submitted by LTC insurers each year tracking their experience by year for earned premium, incurred claims, policy reserves, claim counts and policies in force.

Description: This year's session will focus on the recruiting side - trends in what companies look for, trends in candidate interests, and methods for finding the right candidate

Description: The proposed revisions to the variable annuity statutory framework and the FASB targeted improvement for long duration contract, motivate life insurance companies to re-evaluate their hedging strategy. Recently proposed revisions of AG 43/VM-21 and C3 Phase II, reward companies that have a clearly defined hedging strategy, if the companies can demonstrate that the valuation model and capital model can estimate real hedge performance accurately. The speakers of this session will discuss the hedging implication of the proposed AG 43/VM-21 and C3 Phase II framework. Additionally, methodology computational requirements, back-testing results under different economic scenarios and the resulting hedge credits of different hedging strategies will be compared, including explicit dynamic hedge and implicit dynamic hedge. The speakers will also touch on the impact of rebalance frequency on the performance of dynamic hedge. Case studies will be presented to provide guidance on practical implementation.

Description: The age 85+ population will continue to grow as a percentage of the population and this is the age where people need the most help. The Society of Actuaries has conducted a series of three studies to help understand the real situation of middle-class Americans and Canadians age 85 and over. The three studies are in-depth interviews with individuals and their children, a telephone survey of individuals and an online survey of children familiar with the situation of parents age 85 and over. In addition, the SOA has conducted an online discussion on cognitive decline, and two discussions among experts. A consolidated SOA report brings all of this work together. The presenters also have some personal experience. In this panel, the presenters will share insights into how people do at ages 85 and how things change over the period of retirement. Actual experiences do not always fit what experts predict. The findings include understanding the finances and needs of retirees, the kind of help needed and what the age over 85 population receive from family, professional caregivers, and advisors. It will also focus on needs for support, the challenges faced by those aging alone and decisions around housing. It will also include some discussion of intergenerational relationships and the impact of caregiving.

Description: Mortality is a fundamental element in the financial projections of the finances of social security programs around the world. Prominent actuaries from the U.S. Social Security Administration, Canada's Office of Superintendent of Financial Institutions and the U.K. Government Actuary's Department will discuss some of the key factors and issues associated with these projections. Improving mortality has and will have a significant effect on the affordability and importance of income through retirement to many population segments in these countries.

Description: Populations are aging throughout the world. In all countries, there are many public policy and social issues related to long life from financing to health to social isolation and system supports. This panel will review key recent research and will offer an interactive discussion of some of the most important issues facing policy makers everywhere. To focus the discussion, we will examine these attributes through the lens of social capital. This session will focus on issues facing both developed and developing countries alike and compare and contrast different approaches being taken to address issues and their relative success.

Description: The presenter will discuss North American actuarial careers. He will provide an overview on actuaries in the United States and Canada, including his personal experiences. He will also discuss supply and demand of actuaries in North America.