Description: Different mortality projection methodologies are utilized by actuaries across applications and practice areas. As a result, the SOA’s Longevity Advisory Group (“Advisory Group”) developed a single framework to serve as a consistent base for practitioners in projecting mortality improvement. The Mortality Improvement Model, MIM-2021, Tools and User Guides, compose the consistent approach

Description: 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. Performed by a Milliman team led by Al Klein and Karen Rudolph, the study provides perspectives from both direct life insurance companies and reinsurers. Among the areas addressed include the structure of accelerated underwriting programs, how programs are monitored, how accelerated underwritten business is performing relative to expectations and how companies are considering accelerated underwriting cohorts in the context of VM-20 assumption setting.

Description: Milliman was hired by the Society of Actuaries (SOA) to provide high face amount mortality data from a mortality study Milliman recently completed. High face amounts are defined as $1 million and higher. The information in the tables was taken or derived from the data collected and used to produce the Milliman Industry Mortality Study and Analysis (MIMSA).

Description: This report summarizes the results of a company survey of select period mortality assumptions. This project was sponsored by the SOA’s Product Development Section and the Committee on Life Insurance Research.

Description: This report summarizes the results of a company survey of select period mortality assumptions. This project was sponsored by the SOA’s Product Development Section and the Committee on Life Insurance Research.

Description: This the Application Tool for Mortality Improvement Model, MIM-2021.

Description: This is the user guide for the Mortality Improvement Model, MIM-2021, Data Analysis Tool

Description: Milliman was hired by the Society of Actuaries (SOA) to provide high face amount mortality data from a mortality study Milliman recently completed. High face amounts are defined as $1 million and higher. The information in the tables was taken or derived from the data collected and used to produce the Milliman Industry Mortality Study and Analysis (MIMSA).

Description: Milliman was engaged by the SOA to conduct two Accelerated Underwriting (AU) surveys, one of direct companies and another of reinsurers. The surveys explored actual results from 2019–2021 and expected results from 2022.