2017 Individual Life Insurance Mortality Experience Report
Author
Tatiana Berezin, FSA, MAAA (Chair)
Report Subgroup, Individual Life
Insurance Experience Committee
Society of Actuaries
Description
This report evaluates recent mortality experience relative to standard industry mortality tables at a broad level and observes general trends in mortality experience by key policy characteristics. Where possible, insights into the industry changes contributing to the observed trends are provided. The underlying data is in spreadsheet pivot table format for further investigation by qualified actuaries. Provided data also is in a delimited text file and Tableau dashboards for use with other software tools.
Materials
2017 Individual Life Insurance Mortality Experience Report
2009-17 Individual Life Experience Report Appendices
2009-18 Pivot Tables and Specifications (1.4GB)
Acknowledgments
The SOA extends its gratitude to the report subgroup of the Individual Life Experience Committee (ILEC). The report subgroup designed the project, completed/oversaw the analyses, and authored and peer reviewed the report. The members are:
Philip Adams, FSA, MAAA
Tatiana Berezin, FSA, MAAA (Subgroup co-chair)
Dale Chudnow, FSA, MAAA
Ed Hui, FSA, MAAA, CFA (Subgroup co-chair)
Ken Klinger, FSA, MAAA, ACAS
Kevin Larsen, ASA, MAAA
John McGarry, FSA, MAAA
The following associates helped prepare the exhibits for this report:
Jun Chen, ASA, MAAA
Winston He, ASA
Other Resources:
The SOA contracted with MIB’s Actuarial and Statistical Research Group, to collect, validate, and compile the data underlying this report.
At the Society of Actuaries:
Korrel Crawford, Senior Research Administrator
Mervyn Kopinsky, FSA, EA, MAAA, Senior Experience Studies Actuary
Cindy MacDonald, FSA, MAAA, CERA, Senior Director, Experience Studies
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