Description: The Reinsurance Section, Product Development Section and the Committee on Life Insurance Research are pleased to present preliminary results from a company practice survey of individual life insurance accelerated underwriting. Performed by a Milliman team led by Al Klein and Karen Rudolph, the study provides perspectives from both direct life insurance companies and reinsurers. Among the areas addressed include the structure of accelerated underwriting programs, how programs are monitored, how accelerated underwritten business is performing relative to expectations and how companies are considering accelerated underwriting cohorts in the context of VM-20 assumption setting. The report recaps a presentation of the preliminary results from the 2019 Life and Annuity Symposium. The final results are expected to be available later in 2019.

Description: Retirement market study of Latin America in English.

Description: This report summarizes points made through an online discussion on issues related to spending in retirement, asset management, and the use of Qualified Longevity Annuity Contracts (QLACs).

Description: Unmet needs and implications for long-term care financing in Singapore.

Description: Cost Effectiveness of Tumor Genomic Analysis and Immunotherapy

Description: This paper, part of the Society of Actuaries [SOA} ‘Research Projects – Finance/Investment,’ presented by the SOA’s Committee on Finance Research, describes the results of a survey of industry practices on the mechanics and implementation of hedging programs used by life insurance companies to minimize risk for product guarantees on variable annuities.

Description: This report, sponsored by the Society of Actuaries' Health Section, examines stochastic simulation research found in peer reviewed health journals. In addition, the authors suggest ways health actuaries can apply the modeling techniques and/or findings in their daily work.

Description: The Predictive Modeling Survey Subcommittee of the Society's Committee on Life Insurance Mortality & Underwriting Surveys has completed its report on the results of a survey that gathered information on behalf of the life insurance industry about the degree of the use of predictive modeling and the tools and methods used by life insurance companies to optimize results.

Description: View the Archive Fall 2016: Introduction to Ratemaking and Reserving Exam.

Description: Actuaries have a long history with stochastic modeling. Nested stochastic modeling is often used when the modeling components under each economic scenario are themselves determined by stochastic scenarios in the future. In this paper three methods have been suggested that can be added on top of existing enhancement methods to improve NSM efficiency.