The attached 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 industry are managing mortality risks. To help answer these questions, the Survey Subcommittee asked for information related to a companys practices with respect to alternative tools for mortality risk management. Twenty-seven companies responded to our 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
To read this report, please contact the Society at info@actuaries.ie