Dear Actuary: What are demographic and longevity risks?
A primer for plan sponsors on demographic and longevity risks and how they affect public pensions.
In October 2020, Milliman released its second Critical Illness (CI) Survey report. This report represents 38 carriers and $1.8 billion in inforce premium. The survey explores numerous facets of the CI market, including sales and inforce, product profile, product features, offerings, target metrics, commissions and technology fees, enrollment and portability, underwriting, claims and billing, risks, competitors, and popular benefits. Additionally, we segment data, where appropriate, by group, worksite individual, and non-worksite individual. We then synthesize this data to provide an in-depth analysis of key market trends with insights from our consultants. For more information, please contact David Bahlinger in our Tampa, Florida, office.