Consensus on the potential impact of population aging on asset values varies from the benign to the extreme. Despite little consensus, the effect of population aging on investment returns remains a hot button topic within academic literature.
Released in late 2020, this research paper, prepared jointly with the Society of Actuaries, examines lapse and mortality experience on term insurance plans once they reach the end of the initial level premium period. Steve Schumacher, FSA, MAAA, one of the paper’s authors, joins us to discuss their findings and the implications for product pricing.
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...
COVID-19 and social distancing have disrupted traditional data collection methods in the life insurance underwriting process. This also implicates expected mortality experience and insurance pricing. Emile Elefteriadis, FCIA, and Norm Leblond join us to discuss these changes, and what we may see moving forward.
Terry Narine, FCIA, designs robust tool to capture ultimate extra deaths as a result of COVID-19.
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