Description: The goal of the third survey in this series is to collect and disseminate information on best practices around sales and the issuance of new business. The survey was directed at staff directly involved in assessing the impact of recent events on new business processes.

Description: discussion of a new product idea for retirement planning which integrates a variety of needs estate death benefit, annuity income, disability income, etc. into one product

Description: The Society of Actuaries (SOA) has partnered with LIMRA and the American Council of Life Insurance (ACLI) to conduct a series of ‘sprint’ surveys on the coronavirus (COVID-19) pandemic and its potential impacts on the U.S. life insurance industry. This report contains a summary of the results of the second survey on best practices in monitoring and modeling the potential impact of COVID-19 mortality on life insurance industry claims.

Description: The Society of Actuaries (SOA) has partnered with LIMRA and the American Council of Life Insurers (ACLI) to conduct a series of ‘sprint’ surveys on the COVID-19 pandemic and its potential impacts on the insurance industry. Because market conditions greatly impact the value of insurance companies’ assets and liabilities, one of these “sprint” surveys focused on best practices around asset and liability management (ALM). The survey was directed at actuaries, investment managers, and risk managers directly involved in assessing the impact of recent events on ALM. Responses to the survey were collected between August 17-31, 2020. Twenty-six companies responded to the survey.

Description: This article reviews the data and methodology used to arrive at this seemingly incredible rate, compares the Li/Jensen results with those of recent industry studies, and suggests areas for further study for both LTCI actuaries and the authors.

Description: With improved global mortality confirmed, the question becomes: What adjustments do actuaries need to make? This article answers that and other questions related to mortality improvements.

Description: This report examines lapse experience on individual life products for a variety of policy and product factors. The study can be used for industry benchmarking, as well as for background information for the product development and planning process. The data contained in this report can help companies identify factors that impact individual life insurance persistency.

Description: Initiated by the Product Development Section, this report examines global product development (PD) practices of life insurance and annuity companies.

Description: Initiated by the Product Development Section, this report examines global product development (PD) practices of life insurance and annuity companies.

Description: Proposes an approach to develop dynamic assumptions for living benefits using a combination of available experience data and predictive modeling techniques.