Description: This report, from the Society of Actuaries [SOA] ‘Experience Studies – Individual Disability,’ represents the first study of individual disability income [IDI] lapse experience conducted jointly by LIMRA International and the Society of Actuaries [SOA] Individual Disability Insurance Experience Committee. The study examines lapse activity for years 1999 through 2001.

Description: This report, part of the Society of Actuaries [SOA] ‘Experience Studies – Business Practice Surveys,’ presents the results of a survey conducted by the SOA Committee on Life Insurance Mortality and Underwriting Surveys - Mortality Improvement Survey Subcommittee. The purpose of the survey was to explore life insurance company practices regarding the use of a mortality improvement assumption in the pricing of life insurance products.

Description: Report summarizing the results of the 2019 PBITT UL with Secondary Guarantees Survey.

Description: This study examines the extra mortality associated with evidence of excessive alcohol use, an adverse driving record or abnormalities of the liver function tests. Due to the difficulties associated with diagnosing alcoholism, this study focuses on the biochemical markers that were reported to the Medical Information Bureau MIB during the study period.

Description: Web page on which this report is posted. A new valuation standard for single premium credit disability active life reserves was recently adopted by the NAIC. This study examines the experience from 2000 to 2003 on this type of business and relates it to the new valuation standard.

Description: Revised Group Long-Term Disability Valuation Table adopted by Health Insurance and Managed Care (B) Committee at NAIC fall national meeting.

Description: The SOA offers emerging research projects and reports on risk management, including research on predictive analytics, climate risk and general insurance risk.

Description: SARS-CoV2 will impact our post-pandemic future. Morbidity more than mortality will impact the life and health business in the mid-term. But how does this temporary disruption in health care elicit long-tail implications on other common diseases and changes in lifestyles? Find out how mid-term pricing could be affected using one case scenario and also show how mental health will particularly shape the post-pandemic future (individually and societal), not only due to long COVID. Review the experience of the insured policies and discuss future ideas for COVID-19 research at the Society of Actuaries Research Institute. Consider recent causes of death studies, as well as reported claims analyses to help expedite the analysis of recent experience. Join us where experts from both the medical and actuarial disciplines join forces to discuss this important topic.

Description: Join us for an analysis of the impact of climate change on financial institution solvency, profitability, and how other key performance metrics are, or likely will be, required by financial regulators in most major economies in the very near future. Regulators are signaling that such impacts should be assessed through the use of scenario analysis, both qualitatively and quantitatively. Explore an overview of the emerging regulatory landscape for insurers as it relates to the disclosure of climate risk. After that, check out the mechanics and current best practices that actuaries and risk modelers may use in performing qualitative and quantitative climate risk scenario analyses, covering both physical and transition risks.

Description: The ongoing changes in job structure in the last two years have led to multiple questions: How with this impact retirement benefits and retirement? Will more flexible job arrangements (e.g. phased retirement) open up the potential for better opportunities for older workers? The U.S. population has been aging (in spite of the last two years).How will retirement adapt to longer life spans? Explore the future of retirement and retirement plans in light of these changes.