Mortality Improvement and Company Practices

Recently the Society of Actuaries launched its Mortality and Longevity Strategic Research Program (MLSRP) to provide relevant industry research to inform the profession on the latest trends impacting mortality and longevity. In this webcast, presenters will provide the results of a recent MLSRP sponsored multi-country survey on mortality improvement practices of life insurance companies. Research on historical U.S. population mortality improvement, including analyses by causes of death and by county category, will be discussed.

At the conclusion of the webcast, attendees will be able to:
• Describe the goals of the SOA Mortality and Longevity Strategic Research Program
• Better understand what life insurance companies in Canada and U.S. are doing regarding their mortality improvement assumptions
• Better understand historical U.S. population mortality improvement
• Apply the results of the information presented

Jean-Marc Fix, FSA, MAAA (Moderator)

Jean-Marc is Vice President, Actuarial Research & Development for Gen Re in Stamford, Ct. Jean-Marc has over 25 years of experience in the life insurance industry and is a Fellow of the Society of Actuaries as well as a member of the American Academy of Actuaries. Jean-Marc has extensive experience in all actuarial as well as many of the non-actuarial aspects of life insurance and Critical Illness product development. He has spoken on a variety of underwriting, product design, claims and reinsurance topics as they relate to actuaries, underwriters and medical directors. He has written articles for On the Risk as well as various actuarial publications. He is currently active in a number of SOA committees and Project Oversight Groups centering on mortality and underwriting as well as being a member of the Reinsurance Section Council. He is the chair of the Living to 100 Symposium. He also is the chair of the Mortality and Longevity Strategic program Committee.  He is  a member of ACLI’s Big Data Task Force. Jean-Marc graduated Summa cum Laude from Whittier College with a BA in Mathematics.

Allen M. Klein, FSA, MAAA

Consulting Actuary, Milliman Inc

Principal and Consulting Actuary, Milliman, Buffalo Grove (Chicago), IL, since 2009Responsible for industry experience studies at Milliman, mortality/longevity/life underwriting consulting, helping InsurTech companies enter the life insurance marketplaceFrequent national and international speaker on many topicsSOA activities: Chair of Underwriting Issues and Innovation Seminar planning committee, Chair of Accelerated Underwriting Practices and Mortality Improvement surveys, Chair of POG for Economic Costs of Opioid Epidemic paper, Member of Mortality and Longevity Steering Committee, Consistent Framework for Mortality Improvement Assumptions Team, Actuaries Longevity Illustrator Team, WILL (Workable Innovations for Living Longer) Contest Team, Mortality and Underwriting Survey Committee, 2015 Valuation Basic Table teamOther activities: Co-Vice Chair of the International Actuarial Association Mortality Working Group, Chair of MWG Research Projects Team, Drivers of Future Mortality and Underwriting Around the World research projects, Member of Longer Life Foundation Advisory BoardAwards: One of 2017 SOA Volunteers of the Year, Best paper for 2018 SOA Product Development Section contest on creative presentation of future technologies, SOA Outstanding Presentation awards in 2016 and 2018Bachelor of Science degree in Actuarial Science and Finance, University of Illinois, Champaign/UrbanaContact information: [email protected], 312-499-5731

Cynthia MacDonald, FSA, MAAA

Sr. Experience Studies Actuary, Society of Actuaries

Cindy MacDonald, FSA, MAAA, is a senior experience studies actuary at the Society of Actuaries (SOA), where she manages the internal and external resources that work with approximately 250 SOA volunteers to produce SOA experience studies. Prior to coming to the SOA in 2010, she worked at Allstate Financial, where she obtained over 25 years of experience in life and annuity product development and asset/liability management. MacDonald is a Fellow in the Society of Actuaries, a member of the American Academy of Actuaries and a CFA charterholder. She received her B.S. in mathematics/actuarial science from the University of Illinois in Champaign-Urbana.

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Webcast Session
07/09/2020 at 4:00 PM (EDT)  |  Recorded On: 07/10/2020
07/09/2020 at 4:00 PM (EDT)  |  Recorded On: 07/10/2020
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