The Joint Risk Management Section is trying to develop better estimates of policyholder behaviour in the tail (PBITT). The mission of the PBITT working group is to examine and ultimately give guidance to actuaries on how to set policyholder assumptions in extreme scenarios.
As part of its work, the PBITT working group issued a survey that gathered the range of assumptions actuaries use in pricing, reserving, and risk management of UL with Secondary Guarantees.
Source
Society of Actuaries (US)
Length of Resource
33 pages
Resource File
Date Published
Publication Type
paper
Resource Type
academic