Description: The authors examine 19 factors to determine which were most closely linked to permanent and term life insurance premiums sold in the United States in 2020. With spatial regression analysis using multi-scale geographically weighted regression (MGWR) approach, the authors find the following 5 covariates to be the most statistically significant for and positively correlated with permanent insurance sold: household income, percentage of the population that is African American, education, health insurance, and Gini index (a statistical measure of wealth inequality)

Description: The SOA Research Institute engaged Milliman to perform a study examining life insurer practices on accelerated underwriting and how COVID-19 has impacted them. This effort included a separate outreach to actuaries working for twelve different state insurance departments. At the time of this report, three responses to our regulatory survey had been received. Therefore, the results of the three-question survey are discussed in broad terms, rather than using numerical measurements.

Description: The Group Life COVID-19 Mortality Survey gathers a high-level view of U.S. Group Term Life Insurance mortality results during the COVID-19 pandemic through March 2021, as compared to prior period baseline mortality results. This new report is an update to the survey report released in December 2020, which contained data through August 2020.

Description: The recent global pandemic, coupled with a rising interest rate environment, has emphasized the need for life insurers to be well-prepared for challenges on multiple fronts. Join industry experts in actuarial science and asset-liability management (ALM) as they discuss the significance of incorporating comprehensive pandemic modeling, mortality modeling, lapse modeling, liquidity analysis, and ALM strategies into the risk management framework of life insurance companies. Through case studies and interactive discussions, learn how to utilize systems and APIs from disparate risk models to integrate into an overall analysis to assess the short and long term impacts of the confluence of risk factors on your business, identify vulnerabilities, and implement proactive risk management strategies to enhance resilience and maintain long-term profitability.

Description: The Society of Actuaries (SOA) Research Institute’s Mortality and Longevity Strategic Research Program Steering Committee issued a call for essays to explore the application of artificial intelligence (AI) to mortality and longevity. The objective was to gather a variety of perspectives and experiences on the use of AI in mortality modeling, forecasting and prediction to promote discussion and future research around this topic. The collection includes six essays that were accepted for publication from all submissions. Two essays were chosen for prizes based on their creativity, originality, and likelihood of further thought on the subject matter.

Description: The Society of Actuaries and LIMRA have sponsored a Variable Annuity Guaranteed Living Benefit Utilization Study. This study is an annual update of earlier investigations conducted since 2006

Description: This study and report have the following primary purposes: 1. Evaluate recent mortality experience relative to standard industry mortality tables, at a broad level. 2. Observe general trends in mortality experience by key policy characteristics. Where possible, provide insights into the industry changes contributing to the observed trends. 3. Provide the underlying data in spreadsheet pivot table format for further investigation by qualified actuaries. Provide data also in a delimited text file and Tableau dashboards for use with other software tools.

Description: This report explores conversion rates and post-conversion experience using predictive analytics.

Description: Experience report for life insurance policies with face amounts of $1 million or higher.

Description: The NALC has been working with their members and the members of the Small Policy Consortium. The Consortium members met with regulators to discuss the NALC's concerns with the activities of the NAIC in connection with small life insurance policies. This article outlines those concerns.