Description: updates on SOA research

Description: A discussion of the development, key elements, applications, and implementation process of the 2001 CSO Tables for individual life insurance policies for computing minimum reserves, nonforfeiture benefits and tax reserves.

Description: A follow-up to the article “Comfort Food for an Actuary: Cognitive Testing in Underwriting the Elderly,” published in the May 2006 edition of Product Matters! This article presents the updated results, based upon three more years of data, of the Delayed Word Recall DWR Test mortality study. mortality study.

Description: The National Center For Health Statistics recently came out with preliminary 2006 U.S. population mortality statistics—showing lower mortality and a record life expectancy!

Description: Designing and Pricing LTCI Combination Products by Carl L. Friedrich from Long-Term Care Newsletter, December 2004, Issue No. 13.

Description: This is an example of male life expectancy at age 65 from the United States.

Description: The article gives specific information as to why insurance companies would want to participate in intercompany mortality studies. Product Development News, August 2000, Issue No. 50.

Description: Observations of the meeting in Orlando of the 2017 Living to 100 Symposium, including summaries of the remarks by the guest speakers.

Description: Uncertainty of a predictive model is a fact of life that many insurers could be overlooking at their peril without a framework for assessing it. The article provides a framework to understand the prediction uncertainty, which can be critical for the insurance operations using predictive models. Coin toss example explains model uncertainty and randomness inherent in making predictions to the number of heads expected. A mortality analysis case study illustrates how the Bayesian methodology can be used to develop the prediction uncertainty. In particular, the article shows that the Bayesian framework is a way to combine historical data and actuarial judgment, and directly address the model uncertainty through its posterior distribution.

Description: Discussion of the latest report of the Individual Life Experience Committee ILEC Mortality for Standard Individually Underwritten Life Insurance Between 2005 and 2007 Policy Anniversaries.