Product Development Research
Obesity Trends and the Impact on Morbidity and Mortality Costs
This report examines the latest trends in obesity and an estimate of the impact of obesity on mortality and morbidity costs in the U.S. and Canada.
Interstate Variations in Mortality in the United States, 1959-2018
Using recently updated data from the United States Mortality Database, this report presents an overview of historical mortality trends in all 50 U.S. states and the District of Columbia for the period 1959-2018.
Mortality By Socioeconomic Category
This research report presents mortality analysis and rate estimates for the United States by year from 1999 through 2018, separately by socioeconomic quintile and decile.
Life Reinsurance Treaty Recapture Provisions
The Society of Actuaries Reinsurance Section and the Product Development Section are pleased to make available a report examining life reinsurance treaty recapture provisions.
Living to 100 Insights on the Challenges and Opportunities of Longevity
Report on Living to 100 Insights on the Challenges and Opportunities of Longevity.
Accelerated Underwriting Practices Survey
The Reinsurance Section, Product Development Section and the Committee on Life Insurance Research are pleased to present results from a company practice survey of individual life insurance accelerated underwriting.
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.
Considerations for Predictive Modeling in Insurance Applications
This report includes a review of existing literature and current industry practices, as well as a comprehensive set of considerations for predictive modeling in insurance applications.
Practical Analysis of PBR Mortality Credibility for Term Insurance
Report on the impact mortality credibility has on principle-based reserves.
Mortality Analysis of 1898-1902 Birth Cohort
Report on the mortality analysis of 1898-1902 birth cohorts.
The Impact of Genetic Testing on Life Insurance Mortality
This research explores genetic testing and U.S. life insurance mortality.
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.
Understanding VM-20 Results
This report examines options for analyzing periodic changes in VM-20 reserve amounts.
Impact of VM-20 on Life Insurance Product Development
This study uses case studies for term and universal life products to examine the changes to the product development process as a result of VM-20.
Understanding the Product Development Process of Life Insurance and Annuity Companies
This study examines global product development (PD) practices of life insurance and annuity companies.
Predictive Models on Conversion Studies for the Level Premium Term Plans
This report explores conversion rates and post-conversion experience using predictive analytics.
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.
Report on the Conversion Experience Study for Level Premium Term Plans
This report summarizes the combined results of a multi-phase study on term conversions.
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.