Description: The purpose of this document is to provide information regarding the specifications of the model to be produced in connection with the project, Population Aging, Implications for Asset Values, and Impact for Pension Plans: An International Study. The authors are seeking input from actuaries and others interested in this work.

Description: Most Canadian stakeholders to date have focused on DB-like implementations of TBPs, many of which are very complex arrangements with multiple layers of benefit security-enhancing features. In order to help stakeholders understand the contribution of each element to this complex whole, it is instructive to start from a much simpler design and ask: • What are the fundamental characteristics of a simple TBP? • How do benefits behave when using simple tools to manage risk? • What other features could be considered to enhance benefit security and stability, if desired? To answer these questions, the SOA’s research project investigated several design options under a variety of assumptions. Each permutation had the same sponsor commitment (same starting asset value, plus annual contributions of 10% of pay) and the same general structure for the target benefit (a percentage of career-average-earnings times years of service, without an explicit indexation provision either before or after retirement) but they each had a different benefit adjustment mechanism and/or investment policy.

Description: The American Academy of Actuaries and the Society of Actuaries (SOA) have joined resources to manage the economic scenario generators used in regulatory reserve and capital calculations.

Description: This research report study uses the property/liability insurance industry as a research sample to examine how risk management, financial management, and capital management are related to each another. This allows reflecting such relationships in: 1. the managerial decisions in the choice of derivative and reinsurance use. 2. the allocation of asset risks. 3. the determination of underwriting activities as well as liabiity risks. 4. the adequacy of capital levels.

Description: This review uses historical and contemporary sources to trace the growth of national health expenditures in the US from 1776 to 2026.

Description: This report documents the results of the Committee’s third expense study – the 2003 SOA Individual Life and Annuity Expense Study.

Description: This study examines the persistency of deferred annuities on a contract anniversary basis. The study was designed to analyze the surrender activity of deferred annuities by selected product, customer, and distribution characteristics.

Description: Corrections to table in 1986-98 Credit Risk Loss Experience Study relative to S&P default and average loss rates by credit rating.

Description: This is the spreadsheet with detail data for this report presents the results of the most recent study of individual life insurance lapse experience in the United States conducted jointly by LIMRA International and the Society of Actuaries SOA. Please see the SOA website experience studies for the complete report.

Description: The Society of Actuaries and LIMRA have sponsored a U.S. Individual Disability Income Persistency Study. The report, authored by Cathy Ho and Steve Elek, presents the results of a study of individual disability income (“IDI”) lapse experience in the United States between observation years 2000 and 2007. This is the first report in a two-part series that will present results of a study conducted jointly by LIMRA and the Society of Actuaries (SOA) and based on data provided by 12 individual disability income insurance writers.