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Society Of Actuaries International Experience Study

Society Of Actuaries International Experience Study. Bill Horbatt Chair, SOA IESWG. Background on International Experience Study. IES is a Joint Venture. SOA Research Department IAA Mortality Working Group Corporate sponsors SOA International Section Local Actuarial Associations.

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Society Of Actuaries International Experience Study

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  1. Society Of ActuariesInternational Experience Study Bill Horbatt Chair, SOA IESWG

  2. Background on International Experience Study

  3. IES is a Joint Venture • SOA Research Department • IAA Mortality Working Group • Corporate sponsors • SOA International Section • Local Actuarial Associations

  4. IES Outreach Effort • No Cost to participating companies • SOA confidentially compiles data • Local actuaries supervision • SOA / IAA expert advice

  5. Finances

  6. Finances

  7. Finances • MOST IMPORTANT • Volunteer Time! • Over 50 companies have participated • Over 1,000 hours invested

  8. Results InternationalExperience Study

  9. Results • Argentina** • Caribbean* • Estonia • Poland** • Philippines • Vietnam * sample **small sample

  10. Results - Caution • All results are tentative • Limited editing and quality analysis • Early experience • Limited staff experience • New System controls will be prospective

  11. Results Policy Persistency

  12. Results Actual to Tabular Mortality

  13. Results Additional Results • Caribbean

  14. Status • Experience Study Tool 2.0 released • Hong Kong Actuarial Society • Using SOA Tool • Other countries - incomplete • Brazil • Guatemala

  15. Contact Details • Ronora Stryker, Research Actuary, SOA • rstryker@soa.org • Bill Horbatt, Chair SOA IESWG • horbatt@actuarialconsortium.com • Martin Stevenson, Chair IAA MWG • Martin.Stevenson@mercer.com

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