Description: This article delves into the use of embedded insurance policies for general insurance coverage and thepotential issues created from their use.

Description: As the topic of affordable long-term care (LTC) insurance comes into focus in political conversations, we often find ourselves thinking, “What is going to happen to the private LTC insurance industry going forward?” The need for LTC in the United States is not going away, especially as the population continues to age. With this in mind, this article explores three possible future paths for LTC insurance funding and the associated implications for the private LTC industry.

Description: Big data, predictive analytics, machine learning and AI will likely transform the insurance market and the actuarial profession. The actuarial profession is seeing changes many markets, including health and property and casualty. This article describes these trends and provides an introduction into what companies and the Society of Actuaries (SOA) are doing to adapt and capitalize on these trends.

Description: Provides a review of the available lapse experience for lapse-supported Life and Long-Term Care products.

Description: A high-level overview of the recent release of the update to the illustration practice notes, or IPNs.

Description: Chairperson’s column likening product development to campaigning.

Description: Compares how other industries (in this case, Fast Food) researches and tests new products. Provides examples of how the insurance industry can efficiently research and test new product concepts before going to market.

Description: The article summarizes 2013 survey results of company assumptions for term products in the post-level period. The focus is on product design, shock lapse assumptions, and mortality deterioration assumptions. This article features highlights from the larger SOA-sponsored research project on this topic published in 2013 that compiled end-of-2012 assumption data from 41 companies. This content may prove useful to product development actuaries as they consider their current post-level term assumptions.

Description: A summary of polling that took place over the last couple years at SOA events regarding participants roles with respect to in-force management activities.

Description: A summary of sessions sponsored by the Product Development Section at the 2018 Annual Meeting.