April 2010 Meeting

Event:  April 2010 Meeting

Topic:  Credibility for Mortality Tables
Stuart Klugman, FSA, CERA
Staff Fellow, Education – Society of Actuaries
Thomas E. Rhodes, FSA, MAAA, FCA
Assistant Vice President and Actuarial Director of MIB Solutions

When setting mortality rates for principles-based reserves, experience study results need to be blended with standard tables.  Mr. Klugman’s presentation provides the results of a research project sponsored by the SOA and conducted by MIB Solutions.
This presentation was done at the SOA 2009 Valuation Actuary Symposium (Session 37)

Mr. Rhodes’ presentation will be ‘Credibility, Margins and Individual Life PBR Reserves’, discussing the Proposed NAIC Valuation Manual Section 20 (VM-20) and how credibility theory is used in combining individual company experience and industry tables for valuation mortality assumptions. The interrelationship between credibility theory and margins in VM-20 will be covered.

This meeting will also have a confirmation vote for our 2010-2011 officers.

Date:  Monday, April 26, 2010            
   3:30 Registration,  4:00 Speaker,  5:00 Hors d’oeuvres reception

Location:  Blue Cross & Blue Shield of IL
300 E. Randolph St., Chicago, IL 60601
CAL Conference Room 5

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