Description: In order for an organization to benefit from artificial intelligence/machine learning (AI/ML) models, it requires the involvement of different business areas. During this webcast, professionals from data analytics, audit and risk areas will address challenges and provide solutions for working together to develop, implement, use and risk manage AI/ML tools. Throughout the discussion, the presenters will discuss: • Defining and exploring the challenges and objectives between data scientists, domain experts and control functions • Risk management – model risks and other risks • End-to-end model validation • Model performance vs. interpretability/understandability trade-offs • What to audit – auditor’s challenge and solutions

Description: This article is based on a report titled Public Misconceptions About Retirement Security, which is a project of the Committee on Post-Retirement Needs and Risks and jointly sponsored by LIMRA International, the Society of Actuaries and Mathew Greenwald & Associates. The report is found on the post-retirement needs and risks page, which is located here.

Description: Read the October 2018 issue of Retirement Section News published by the Retirement Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: In the United States and in Canada, certain legislative developments have been concerned with providing retirement benefit credits to employees who work beyond normal retirement. The purpose of this paper is to provide a practical guide for actuaries to estimate the effect that delaying retirement beyond age 65 has on the cost of a pension plan. From Transactions of Society of Actuaries 1983, Vol. 35.

Description: Scenario analysis for a pension plan is the process of assessing the effects of hypothetical events on the plan’s future financial position, providing tangible real-world examples of risks facing the plan. Long term risks for a pension plan can often feel abstract. Providing strong narratives around possible future events makes it easier for stakeholders to engage with these risks and potential mitigation strategies

Description: This is a discussion about an ongoing dialogue on a model of personal investing known as the Life–Cycle Model of Investing and Saving. To gain additional insight into the model and its implications for retirement planning, the SOA's Committee on Post Retirement Needs and Risks CPRNR recently gathered a panel of leading experts for a round table discussion on the model with the hope of providing a lively forum to exchange ideas.

Description: This article discusses reserving issues for life insurance products with limited level premium guarantees or no-lapse guarantees, and capital markets solutions as an alternative to traditional reinsurance for relief from redundant reserve strain.

Description: Impact of Technology on Health Care Delivery Systems - Chart 3

Description: Study of the impact of IRS proposed mortality tables on private sector pension plan costs, including liabilities, contributions and PBGC premiums.

Description: This report summarizes a study that estimates the total economic burden of the opioid crisis in the United States from 2015 through 2018 and projects future costs of the opioid epidemic for 2019.