2006 Individual Life and Annuity Expense Study

This report presents the results of a survey conducted by the Society of Actuaries Mortality and Underwriting Survey Committee in July of 2008.

The changes in the reinsurance marketplace, regulatory changes and the potential for catastrophic death claims have intensified the focus on mortality risk management. As a result, senior managers are asking how different companies in the life insurance industryare managing mortality risks.To help answer these questions, the Survey Subcommittee asked for information related to a company’s practices with respect to alternative tools for mortality risk management. Twenty-seven companies responded to the survey.

This report includes sections on:

• Modeling mortality risk
• Uses of reinsurance to manage mortality risk
• Retention / large case management
• Catastrophe reinsurance
• Mortality concentration of risk
• Catastrophe bonds

http://www.soa.org/research/individual-life/2006-indiv-life-annuity-stud...