ABC sells group life insurance in the United States. Most of the current book of business is in the 2-to-500 size market and a smaller portion in the 500-to-3,000 size market. I need to present a summary of the group life assumption-setting process to management, who are not very familiar with the life products. The summary needs to in two pages maximum and describing the three major categories of assumptions used by actuaries (economic, demographic, and experience-based) as they relate to group life claim cost projections. 

In addition to this, the summary needs to provide two specific assumption types within each category that are material to forming claim costs for a group life insurer?

Answer rating: 100% (QA)

Page 1 Group life insurance is a kind of life insurance in which a single contract covers an entire group of people These policies are often held by e... View the full answer