Financial Reporting Research
Application of Credibility Theory in the Canadian Life Insurance Industry
The Society of Actuaries’ Product Development Section, Financial Reporting Section, Committee on Life Insurance Research and the Canadian Institute of Actuaries announce the release of a new Application of Credibility Theory in the Canadian Life Insurance Industry research report.
A Machine Learning Approach to Incorporating Industry Mortality Table Features into a Company’s Insured Mortality Analysis
The Product Development Section, the Modeling Section, the Reinsurance Section and the Financial Reporting Section announce the release of a new research report that introduces a novel framework for leveraging the “architecture” of an industry mortality table within a company’s predictive analytics-based insured mortality analysis.
The Use of Predictive Analytics in the Canadian Life Insurance Industry
The Canadian Institute of Actuaries and Society of Actuaries Committee on Life Insurance Research, the Product Development Section and the Financial Reporting Section, sponsored this study investigating how the Canadian life insurance industry is utilizing predictive modelling.
Modeling and Forecasting Cause-of-Death Mortality
The Product Development Section, the Financial Reporting Section, the Modeling Section and the Committee on Life Insurance Research are pleased to present new research on modeling and forecasting cause-of-death mortality.
Earnings Emergence Insurance Accounting Under Multiple Financial Reporting
This new report examines differences in measurement and presentation under various insurance accounting bases.
Survey of Waiver of Premium/Monthly Deduction Rider Assumptions and Experience
This paper summarizes the results of a survey of waiver of premium/monthly deduction rider assumptions and experience.
Modern Deterministic Scenarios for Interest Rates
The study provides practical tools to assist actuaries in computing interest rates scenario sets that might collectively be considered moderately adverse.
Understanding VM-20 Results
This report examines options for analyzing periodic changes in VM-20 reserve amounts.
Actuarial Model Governance: A Survey of Actuarial Modeling Governance and the Industry Evolution Report
This study is an update of an initial 2012 study examining the current state of actuarial modeling controls within U. S. and Canadian life insurance and annuity companies.
Nested Stochastic Modeling for Insurance Companies
A company survey on the use of nested stochastic modeling and an analysis of ways to reduce run time and improve the efficiency of nested simulations.
PBA Implementation Guide
This research report provides a better understanding of the key considerations an insurer would encounter in making a principle-based framework for determining reserves and risk-based capital (PBA) a reality.
Optimizing Risk Retention
This research paper outlines a method of deriving assumptions for modern reserving and solvency capital requirements from a company's own data which can be utilized to measure the impact of reinsurance on reserves and capital of a life insurer.
Predictive Analytics Essays
These articles provide examples of how actuaries are using predictive modeling in practice.
Transition to a High Interest Rate Environment: Preparing for Uncertainty
This report focuses on the impact of interest rate volatility on life insurance and annuity products.
Earnings Emergence: Insurance Accounting under Multiple Financial Reporting Bases
This report provides illustrative examples of how various accounting regimes apply to a range of insurance contracts.
Report on 2014 VBT/CSO Impact Study: Considerations for Life Insurance Products
This report is on the implications of 2014 VBT/2017 CSO Impact Study.
Extreme Events for Insurers: Correlation, Models and Mitigation Study
This paper covers the complete cycle of extreme event risk management, from identifying experience data sources, to extreme event detection, to modeling and dependence analysis and finally to monitoring and mitigation.