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SOA and LIMRA announce research partnership

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Two major insurance organizations say they are making their already-close relationship more formal.

LIMRA, a life and health market research consortium based in Windsor, Conn., and the Society of Actuaries (SOA), a Schaumburg, Ill.-based group for pension, life and health actuaries, have formed a policyholder behavior research partnership.

The organizations have been working together on specific research projects since 1995.

This year, for example, the groups collaborated on a long-term care insurance (LTCI) experience project.

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See also: Actuaries post LTCI terminations study

Researchers from the groups are now studying the retirement income system in China.

Erroll Cramer, the SOA president, said the group appreciates LIMRA’s commitment to supporting the insurance industry by improving understanding of consumer behavior.

LIMRA is part of LL Global, and organization formed in 2007 through the merger of LIMRA and LOMA.