Description: Notes on the IAA meeting that took place in D.C. in May

Description: Profile of the International Section.

Description: This report documents the “Constructing Occupational -Specific Life Tables for China” project under the “China Research Topics” proposal.

Description: To remain relevant, life insurers need to understand changing consumer behavior and the shifting sands of buying triggers. The presenters will look at consumer studies, both U.S. and global, that reveal changing behaviors that influence the decision to buy or not buy life insurance. They will look at four demographic and economic categories including Millennials, Generation X, Boomers and the Silent Generation and how these generational groups do or don't differ in their feelings and behaviors around life and health. The presenters will address new growth opportunities for companies that align their value proposition to these changing attitudes. They will explore opportunities around health and wellness to increase policy holder engagement and share insight into generational attitudes around wearables and the sharing of personal data.

Description: Digital is the main reason over half of the companies on the Fortune 500 have disappeared since 2000." (CEO Accenture). We cannot be sure how global technology megatrends will disrupt the life insurance industry, but we can be certain that the future will not look like today. As large quantities of available data are no longer owned by insurance companies and statistical techniques become more accessible to non-statisticians, the pressure to keep up with technological advancement increases. Life actuaries must think critically about and be prepared for the coming changes and position themselves as leaders in an industry lagging behind in new technology adoption.

Description: Lessons learned in the financial crisis - global ramifications and need for better financial reporting standards and market oversight.

Description: International case study discussing life insurance in Ghana.

Description: The Bermuda International Life and Annuity Conference highlights Bermuda’s enhanced capital and solvency framework, and growing long-term (re)insurance sector.

Description: The SOA president discusses the goals of the SOA’s international strategy and describes her recent trip to Hong Kong and China to support these goals.

Description: Announcement of the winner of the International Section’s annual country feature article competition, highlights of articles in the issue, and reminder about upcoming professional development opportunities.