CategoryResearch

A Lesson in Assumptions: Shock Lapse Experience Report

By Steve Schumacher, FSA, MAAA Read the report Prior to RGA completing its first Post Level Term lapse and mortality study with the SOA in 2009, a wide range of assumptions was in use by actuaries with little industry-wide late-duration level term experience available to compare against. This first study analyzed shock lapse and mortality deterioration assumptions and experience by a variety of...

Media release: Life insurance claims up in April and May due to COVID-19

A new report out today from the Canadian Institute of Actuaries (CIA) highlights data aggregated from 13 insurance companies in Canada for January to June 2020. Individual life insurance claims increased in April and May, at the height of the first wave of COVID-19, compared to the same period in 2019. The percentage of claims that could be attributed to COVID-19 also reached over 12% in April.

Media Release: New report finds that more Canadians should delay CPP payments

Ottawa, July 29, 2020 – A new report by the Canadian Institute of Actuaries (CIA) and the Society of Actuaries investigates the financial considerations of delaying Canada Pension Plan (CPP) payments and looks at the risks and opportunities associated with this delay. The CPP Take-Up Decision, authored by Bonnie-Jeanne MacDonald, FCIA, aims to better inform the decisions of Canadians for whom...

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