U.S. Individual Life COVID-19 Reported Claims Analysis, First Quarter, 2022 Update

Author

Individual Life COVID-19 Project Work Group

Description

LIMRA, Reinsurance Group of America (RGA), the Society of Actuaries Research Institute (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. This report documents a high-level analysis of the claims that have been reported through March 31, 2022. The results presented here are based on data from 28 companies representing approximately 69% of the individual life insurance in force for the experience period of the study.

Report

U.S. Individual Life COVID-19 Reported Claims Analysis, First Quarter, 2022 Update

Acknowledgments

LIMRA, RGA, the SOA, and TAI would like to acknowledge the Individual Life COVID-19 Project Work Group. Without their efforts, this project could not have come to fruition.

Dan Busa (LIMRA)
Justin Clark (LIMRA)
Korrel Crawford (SOA)
Kathryn Eubank (SOA)
Mary Kate Hoerichs (LIMRA)
Tao Huang, ASA (RGA)
Mervyn Kopinsky, FSA, EA, MAAA (SOA)
Cynthia MacDonald, FSA, MAAA (SOA)
Jake Maynard (RGA)
Jason McKinley, FSA (RGA)
Pete Miller, ASA, MAAA (SOA)
Marianne Purushotham, FSA, MAAA (LIMRA)
Scott Rushing, FSA, MAAA (RGA)
Maureen Shaughnessy, FSA, MAAA (LIMRA)
Mike Skelley (TAI)

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