Presentation by Noel Harewood - Actuary.com
Presentation by Noel Harewood - Actuary.com
Presentation by Noel Harewood - Actuary.com
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As noted previously, reinsurance is available on senior<br />
settlement business where death benefit is paid out<br />
after the life expectancy plus two years<br />
Number of Lives Where Reinsurance is Paid<br />
(Based on 1,000 Monte Carlo Simulations)<br />
25<br />
20<br />
16.7 17<br />
19<br />
21<br />
22<br />
Lives<br />
15<br />
10<br />
5<br />
0<br />
Mean Median 75th<br />
Percentile<br />
90th<br />
Percentile<br />
95th<br />
Percentile<br />
Analysis demonstrates mortality volatility risk risk of of the the portfolio. However, results are are<br />
based on on assumed level level and and pattern of of mortality. Assumptions that that underly the the<br />
assumed level level and and pattern of of mortality include: base base mortality, mortality rating,<br />
implementation of of mortality rating, utilization of of mortality improvement. Misestimation<br />
of of any any of of these assumptions introduces a risk risk that that is is not not provided for for in in the the above<br />
stochastic analysis.<br />
16
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