Description: The last few years have seen a dramatic change in the way that insurance products are priced. If we traveled back in time 15 to 20 years, we would see a world where most insurance products were priced on the basis of a few static scenarios. In the last several years, pricing on a stochastic basis has become more mainstream—at least for contracts with embedded guarantees.

Description: This article discusses an update to a survey that focuses on how companies are trying to price for and understand the risks inherent in the products they sell.

Description: Analysis of Alzheimer’s Disease as a potential Critical Illness insurance benefit trigger.

Description: This is an excel spreadsheet with some data pertaining to an article of the same name from the Product Development News

Description: The article highlights key considerations as companies begin to reserve for their IUL products under PBR.

Description: Discusses the reasons for, and the economic impacts of, the backdating of life insurance policies, and what changes in the industry might evolve to address them.

Description: Describes a process for identifying relevant industry experience to credibility-weight with relevant company experience to set modeling assumptions and margins.

Description: In this video, Ryan Kiefer from Deloitte Consulting introduces the concepts of mortality and longevity risk in the life insurance and annuity industry. He explains how insurance companies pool and diversify their risk exposure and use reinsurance to limit their losses. He also discusses the impact of broader mortality trends such as medical advances and COVID 19 on the insurance market. Contributors: Ryan Kiefer ASA, MAAA ; Anthony Champi , FSA, MAAA; Ryan Bruner FSA, MAAA; Jon Forster, ASA, MAAA

Description: This article discusses the development process and the impact of implementing levelized commission products.

Description: The attached report presents the results of a survey whose purpose was to explore life insurance company practices regarding the use of a mortality improvement assumption in the pricing of life insurance products. The survey distinguished between updating base mortality tables for historical mortality improvement versus projecting mortality improvement into the future.