Policyholder Behavior in
the Tail Subgroup (PBITT) Minutes
Behavior in the Tail
Participants: Jim Reiskytl (Leader), Mike Crooks, Ed Hightower, Angela Bonnett (SOA), Steve Siegel (SOA)
As discussed on the last subcommittee call a series of questions were posed to our potential researcher, Dr. Kim, on his proposal. Those questions included: Does Dr. Kim have access to U.S. data? Could he expand the scope of the products? If he can expand the scope what are the cost estimates? Dr. Kim responded that he only has access to Korean data, but that he is willing to expand the scope to include a half dozen other products and he expects the costs of the study to be $10,000.
Steve reported that the following U.S. companies would be willing to contribute data to this study based on our earlier survey:
Members on the call are enthusiastic about the study. All were in agreement that if we were only able to conduct a study utilizing Korean data it would still be extremely valuable as hopefully companies could be able to apply the techniques to their own data. Mike suggested that we ask Dr. Kim if we are able to obtain U.S. data if that would increase the costs.
Members unanimously agreed upon a series of actions.