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Report on the Proposed 2016 Cancer Claim Cost Valuation Table (PDF)
Joint American Academy of Actuaries and Society of Actuaries Cancer Claims Cost Tables Work Group Sept. 28, 2016 59 pages. "The purpose of this project was twofold: [1] To develop a new set of valuation tables for use with cancer insurance policies; [2] To aid actuaries pricing and reviewing product filings by providing information about the initial data provided by the industry in response to the data call. The current tables used to value reserves for cancer policies were developed in 1985 based on experience data from the late 1970s. Since that time there have been changes in the medical treatment of cancer and therefore the product design of cancer policies." |
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