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B5 : Report on Recent SOA Experience Studies Activity

This report discusses preferred class structure, relative risk tools, and mortality and other rate tables based on recent SOA experience studies. Presented by Jack Luff, FSA, FCIA, MAAA, and Pete Miller, ASA, MAAA, on March 23, 2016.

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B5 : Report on Recent SOA Experience Studies Activity

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  1. B5: Report on Recent SOA Experience Studies Activity Chicago Actuarial Association Jack Luff, FSA, FCIA, MAAA Pete Miller, ASA, MAAA Wednesday, March 23, 2016

  2. Presentation • Preferred Class Structure • Relative Risk Tool • Mortality and Other Rate Tables

  3. Preferred Class Structure • Report and Presentation October 2015 • http://www.soa.org/Research/Experience-Study/Ind-Life/Mortality/2015-preferred-class-structure.aspx • Updated Report April 2016

  4. Preferred Class Structure • NY and KS Stat Agent Data • First Report – 2010-12, Common Company Data • 2008 VBT Expected Basis • Second Report – 2009-13, All Data

  5. Companies by Class by Year

  6. Companies by Class by Year • In First Report, no NT company total • Being added to Second Report • NT at least ten greater than Tob through 2004 • NT greater than Tob, but less than ten thereafter

  7. Companies by Class by Year • In First Report, no non-preferred data • Being added to Second Report • At least 76 companies of 85 with non-preferred business through 2002 • At least 65 companies with non-preferred business through 2008 • NT and Tob numbers very similar

  8. Exposure by Class by Year

  9. Companies by Plan by Year NT-2

  10. NT-2 A/E Ratios by Amount Band

  11. NT-3 A/E Ratios by Amount Band

  12. NT-4 A/E Ratios by Amount Band

  13. Tob-2 A/E Ratios by Amount Band

  14. PCS – Valuation Implications • 2001 CSO Preferred Class Structure Tables • 2017 Loaded CSO Preferred Structure Tables • 2017 Unloaded CSO Preferred Structure Tables • 3 NS, 2 SM (M/F, ANB/ALB) • 2015 Valuation Basic Tables • 10 NS, 4 SM

  15. Mortality and Other Rate Tables • Mort.SOA.Org • SoA Home Page

  16. Mortality and Other Rate Tables

  17. Mortality and Other Rate Tables • Usage • Nation • Table Layout • Key Words • Search / Reset

  18. Mortality and Other Rate Tables • Actions • View • Excel • Excel 2007 • CSV • XML

  19. Mortality and Other Rate Tables

  20. Questions & Comments

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