This report provides the results of an ongoing effort to analyze the impact of COVID-19 on the individual life insurance industry’s claims experience.
Individual Life Insurance — COVID-19 and Excess Claims Analysis
Marianne Purushotham, FSA, MAAA 3/9/2021
LIMRA, the Reinsurance Group of America (RGA), the Society of Actuaries (SOA) and TAI have collaborated on an ongoing effort to analyze the impact of COVID-19 on the individual life insurance industry’s mortality experience and share the emerging results with the insurance industry and the public. The Individual Life COVID-19 Project Work Group (Work Group) was formed as a collaboration of LIMRA, RGA, the SOA and TAI to design, implement, and create the study and to produce and distribute a variety of analyses. This report is the first public release of results and is an effort to provide some early insights into the impact of COVID-19 on the individual life insurance claims experience.
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