Description: In this article, we introduce a novel machine learning-based model that analyzes and predicts policyholder behaviors at the individual policy level. Policyholder embedding representations are learned using a Recurrent Neural Network (RNN) that takes into account the sequence of historical transactions associated with a policy. Additionally, a Neural Network with a multi-head architecture is trained to predict the policyholder's next action based on the policyholder embedding and other policy attributes. The resulting model offers several advantages over traditional experience studies and assumption-setting methods, including the ability to set policy-level assumptions that improve reserve accuracy, predict multiple behaviors simultaneously while capturing the interrelationships between them, and generate policyholder embedding representations that are useful for segmentation.

Description: With coinsurance of an existing block of long-duration insurance contracts, there may be existing reinsurance that remains in force. The new coinsurance is typically net of such “inuring reinsurance.” In this article, we look at approaches that the new reinsurer might apply to account for the effects of inuring reinsurance.

Description: Section Chair’s Notes by Shirley Hwei-Chung Shao from The Financial Reporter, October 1999, Issue No. 40.

Description: CARVM Reserves for Variable Annuities with Guaranteed Living Benefits by James W. Lamson from The Financial Reporter, June 2000, Issue No. 42.

Description: Chair's Corner by Michael V. Eckman from The Financial Reporter, September 2001, Issue No. 47.

Description: Highlights of the June 2001 NAIC Life and Health Actuarial Task Force Meeting and Other Topics by Raymond T. (Ted) Schlude from The Financial Reporter, September 2001, Issue No. 47.

Description: Highlights from the 2003 Stochastic Modeling Symposium by Robert Berendsen from The Financial Reporter, November 2003, Issue No. 55.

Description: A continuation of the discussion of the practical considerations for implementing the New Accounting Statement of Position for Long-Duration Contracts and for Separate Accounts – Part III

Description: Highlights of the September 2002 NAIC Life and Health Actuarial Task Force Meeting and Other NAIC Topics by Ted Schlude from The Financial Reporter, December 2002, Issue No. 51.

Description: Letter From the Editor by Thomas Nace from The Financial Reporter, September 2002, Issue No. 50.