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Individual Life Insurance — COVID-19 and Excess Claims Analysis

Marianne Purushotham, FSA, MAAA 3/9/2021

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.

Summary

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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Meet the Project Director

Marianne Purushotham, FSA, MAAA

Marianne Purushotham is responsible for LIMRA and LOMA’s data analysis and statistical modeling functions including applications of predictive analytics to life and health insurance industry problems. She also manages LIMRA and LOMA’s strategic research partnership with the Society of Actuaries which includes studies of industry experience related to various insurance product lines. 

Prior to her current position, Purushotham worked in both insurance company and actuarial consulting roles where her areas of specialization included pricing, valuation, financial reporting, assumption review, and experience analysis for life, annuity and health products.

Purushotham holds a Bachelor of Arts in Mathematics from Middlebury College and a Master of Science in Applied Mathematics from Virginia Polytechnic Institute.


LIMRA and LOMA
mpurushotham@limra.com


For more information, please contact mpurushotham@limra.com.

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