Description: Explores SOA and other research on shocks and unexpected expenses. Discusses impact of shocks and strategies for responses. Includes many focus group quotes.

Description: These are the Discussant Comments by Joseph Lu for the Management of Longevity Risk Session 1A of the January 13-15, 2020 Living to 100 Symposium in Orlando, Florida.

Description: These are the discussant comments for the Concurrent Session 1B: Late Life Mortality Curves from the January 4-6, 2017 Living to 100 Symposium in Orlando.

Description: These are the discussant comments from Session 1A: Data Sources and Analysis from the January 4-6 2017 Living to 100 Symposium in Orlando.

Description: Review of stochastic, modeled geo-spatial risk metrics for insurance loss concentration and clustering and their counter point use for diversification

Description: In addition to gender, age, period and cohort are three main risk factors considered in constructing mortality models. Other than these factors, it is believed marriage status is related to health and longevity. In this study, we use Taiwan’s marital data for the whole population to evaluate if marriage status can be a preferred criteria. In addition to checking if mortality rates vary for different marital statuses, we want to know if this preferred criteria will be valid in the future. We chose Lee-Carter and age-period-cohort models to model the mortality improvements of various marital statuses. Because of linear dependence in the parameters of the age-period-cohort model, we used computer simulation to chose the appropriate estimation method. We found the married have significantly lower mortality rates than the single and, if converting the difference into a life insurance policy, the discount amount is even larger than that for smokers/nonsmokers.

Description: This is the General Session II panel transcript on Insights into Successful Aging from the January 4-6, 2017 Living to 100 Symposium in Orlando.

Description: This is the panel informal discussion transcript for Session 4C:Innovative Business Solutions to Respond to an Aging Society at 2017 Living to 100 Symposium.

Description: The author constructed the efficient frontier of new business sales by modeling the embedded value and economic capital against a universe of possible growth rates of the three lines of business in a typical three-year planning horizon. The ERM function can use the efficient frontier of new business to provide a more rigorous analysis of the impact of growth rates on the firm’s overall capital efficiency and value creation, hence forming a feedback loop with the businesses in the planning process to optimize the growth strategy.