Description: The SOA Research Institute and LIMRA have completed the most up-to-date study of universal life lapse and surrender data. Learn more about this vital resource for actuaries working with individual life insurance products.

Description: Report summarizing the results of the 2018 PBITT UL with Secondary Guarantees Survey

Description: The Retirement Plans Experience Committee of the Society of Actuaries (RPEC) is pleased to present this annual update to the RPEC_2014 model and its corresponding mortality improvement scales. This new version of the model reflects historical U.S. population mortality experience through 2018. For clarity, the updated mortality improvement scale based on this 2020 version of the model is called Scale MP-2020. The Scale MP-2020 Report has been posted below along with an Excel version of Scale MP-2020.

Description: This article summarizes the results of the eleventh annual survey of emerging risks.

Description: The Canadian Institute of Actuaries (CIA) and the Society of Actuaries (SOA) engaged RGA Reinsurance Company (RGA) to undertake a research project on Canadian level premium term life insurance products with a particular focus on the magnitude and impact of the “shock lapse” at the end of the level premium period. This project is similar to the SOA-sponsored research completed by RGA for U.S. term plans in 2010 and updated September 2013 and May 2014.

Description: This presentation presents formulas for the first two raw moments and the first joint moment of the aggregate risk process for medical malpractice insurance.

Description: In many countries, insurers and banks are separately regulated. In some countries, banks and insurers are not allowed to be part of the same conglomerate and share capital. This raises questions about the efficient use of capital and return on equity to shareholders. This is the abstract of an empirical study that views economic capital from a solvency perspective with the focus on downside risk. The key question addressed is 'What efficiencies, if any, are gained by allowing banks and insurers of different types to merge and thus share capital.' We examine to what degree bank and insurer performances have been correlated historically, especially in the downside tail. This case study is based on Canadian banks, life insurers and property-casualty insurers.

Description: This is the abstract of the presentation that shows results obtained from a mortality study based on Canadian pensioners data available from records of the Canada Pension Plan and Quebec Pension Plan as of December 31st, 2008. From Actuarial Research Clearing House, 2011.

Description: This paper proposes weighted fund style analysis as a better method to hedge market risks of variable annuities.

Description: This abstract describes a paper that studies the probability of a systemic event occurring within a financial network.