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Group disability and life insurance: Considerations at renewal time
07 December 2018
This article discusses items for employers to consider when group disability and life insurance benefits come up for renewal.
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The attraction of captives for cyber risk
By Jiang Guanjun | 06 December 2018
Captives can be an attractive alternative for companies, supplementing and substituting for commercial insurance and/or reinsurance.
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Milliman VALUES: 2018 GLWB industry utilization study
By Zhen Hui Trinh, Eileen S. Burns, Matthias Kullowatz, Jenny Jin, Ben Johnson, Vincent Haupt, Vincent Embser | 27 November 2018
The 2018 Milliman VALUES GLWB lapse and utilization studies included three million policyholders from eight large VA writers, representing roughly $350 billion of account value and covering a range of GLWB product designs as well as demographic attributes.
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Vietnam: Proposed amendments to Circular 50
By Michael Daly, Wen Yee Lee, Clement Bonnet, Pingni Eng | 26 September 2018
In July, the Ministry of Finance in Vietnam released proposed amendments to a number of articles associated with its existing Circular 50 regulation that guides the implementation of Insurance Business Law.
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Altered Carbon, actuarial escape velocity, and insurance in a post-human world
By Hans K. Leida | 17 September 2018
Life-extension technologies would require a re-engineering of many financial and insurance products on a scale that makes the possible disruption caused by self-driving cars seem minor by comparison.
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U.S. GAAP Targeted Improvements for Long Duration Insurance Contracts
By William C. Hines, Zi Xiang Low, Karthik Yadatore | 06 September 2018
A summary of the main resulting changes to the accounting of life insurance and annuity products due to the Financial Accounting Standards Board’s accounting standards update on August 15.
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Market risk benefits: What is in scope?
By William C. Hines | 19 July 2018
This paper discusses market risk benefits and contract features that might be within their scope.
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Tax reform: Disability income and group life
05 July 2018
This article discusses the Tax Cuts and Jobs Act of 2017’s projected effects on disability income and group life insurance profitability.
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Universal life and indexed universal life issues, 2017/2018 survey
By Carl A. Friedrich, Susan J. Saip | 28 June 2018
Eleventh annual survey addressing UL and IUL life insurance market issues.
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FASB approves targeted improvements
By William C. Hines | 12 June 2018
This paper outlines the decisions and discussions at the June 6, 2018, Financial Accounting Standards Board meeting.
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Mind your ABCs
By Patricia L. Renzi | 15 May 2018
The ABCs of insurance technology—specifically artificial intelligence, blockchain, and the cloud—must be front and center in every insurance company’s strategic initiatives.
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Parallel cloud computing: Making massive actuarial risk analysis possible
By Joe Long, Dan McCurley | 02 May 2018
This article describes a cloud use case where the authors were able to cut a three-month machine learning exploration project down to just under four days using a mixture of open source tools and the Microsoft Azure cloud.
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IFRS 17: Discount Rates
By Thomas Bulpitt, Andrew Gilchrist, Andrew Kay | 08 March 2018
This paper focuses on the approaches available under IFRS 17 for the derivation of the discount rates for use in the various calculations required by the Standard.
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IFRS17 coverage units for CSM amortization
By Takanori Hoshino, Kurt Lambrechts, Sjoerd Brethouwer, William C. Hines | 01 March 2018
While IFRS 17 provides little guidance about coverage units, insurers may be able to find quick but reasonable choices from current modeling philosophy or certain existing standards such as U.S. GAAP.
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Tax reform impacts on life insurance pricing and profitability
By Curt M. Clingerman, Paul M. Fedchak, Casey E. Malone, Craig W. Reynolds | 14 February 2018
This analysis measures the impact of the tax code changes on a range of different insurance product types.
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Group insurance "Project Insight"
29 January 2018
Though the group life and disability world has been slower to adopt predictive analytics than other branches of insurance, there are still many ways to incorporate predictive modeling technology to improve our results.
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Making the transition to IFRS 17
By Henny Verheugen | 22 January 2018
This article discusses the possible implications of each of the three approaches to transition to IFRS 17 and why insurers will need to choose their options carefully.
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Term life insurance issues
By Carl A. Friedrich, Susan J. Saip | 19 January 2018
A 2017 Milliman survey of key life insurance industry competitors captured historical data and company perspectives on a range of term life insurance issues.
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The new insured
28 December 2017
Automated underwriting and new data sources are making insurance possible for many people who would previously have found it too expensive – or even not available at all.
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Do you know how and when you will die?
28 December 2017
Big Data can now provide you with the most likely scenario of how and when you will meet your end. So what will it mean for the future of risk management and lifestyle planning?