TagMortality

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...

Mortality considerations in the time of COVID-19

This article originally appeared on the CIA COVID-19 Hub. By Steve Bocking, FCIA, and Marie-Andrée Boucher, FCIA, respective Vice-Chair and Chair of the Committee on Life Insurance Financial Reporting (CLIFR) This article reflects the opinion of the authors and does not represent official guidance of the CIA. The authors welcome feedback on this article and suggestions for future articles, and...

COVID-19 and the oil shock: the case for a black swan event

This article originally appeared on the CIA COVID-19 Hub. By Terence Narine, FCIA The content of this article should not be construed as an actuarial opinion or guidance on actuarial work. I do not have experience in some of the practice areas mentioned in this article, so my comments are made from the perspective of someone outside these areas. A black swan event can be viewed like the 1-in-200...

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