Life ‘Mortality Improvement’ Team Faces COVID-19

August 5, 2020 by Allison Bell

Actuaries are talking to state insurance regulators about a future in which death makes a comeback.

The actuaries are part of the Mortality Improvement Subgroup, which, in turn, is an arm of one panel at the American Academy of Actuaries and a panel at the Society of Actuaries (SOA). The subgroup has been helping life insurers adjust their product reserves, and prices,  to reflect the fact that Americans keep living longer.

Opioid use has reversed that improvement, a bit, in some years, but actuaries are still debating how much opioid use has affected people with life insurance and annuities.

Resources

• Links to Life Actuarial Task Force resources are available here.
• An article about the effects of opioid use on people with life insurance is available here.

Click HERE to read the full story via ThinkAdvisor

Originally Posted at ThinkAdvisor on August 4, 2020 by Allison Bell.