Description: This report evaluates the impact and evolution of societal risk management due to projected future changes in frequency, severity, and variety of weather-related catastrophes.

Description: The Actuary, the primary digital publication of the SOA, persistently features articles highlighting diversity, equity, and inclusion in the actuarial industry. Explore this valuable resource to delve into the contents that spotlight individuals and establishments that are propelling actuaries as leaders and pioneers. Moreover, the SOA Sections generate pertinent content consisting of interviews, surveys, and exclusive reports. Discover the articles on these topics here.

Description: Discusses the recent firing of the Social Security Commissioner and the president's legal authority to do so.

Description: This article provides an overview and highlights of the recent paper Pension Risk Transfer: Evaluating Impact and Barriers for De-Risking Strategies. The market has evolved dramatically over the past 10 years, and the paper discusses the drivers behind these changes from both the plan sponsor and insurer viewpoints. The research also gathered input from various key stakeholders as to what changes the market could experience in the future.

Description: Provides an update, as of September 2022, on Financial Reporting Section sponsored research projects in process and those recently completed.

Description: This research would deliver a report that quantifies the frequency, magnitude and impact of retirement plan cash outs, in-service withdrawals, and loan defaults on different U.S. population segments defined by race, ethnicity, gender, sexual orientation, geography, income/wealth, education, demographics, and/or other socioeconomic factors.

Description: To inform and educate stakeholders for health plans and insurers on novel ways to optimize reinsurance structures to meet capital related goals and boost RBC and liquidity ratios. In lieu of traditional market-based financial instruments involving equity and/or debt, a quota share transaction can be used with potentially far more attractive terms and achieving essentially the same result.

Description: Review of paper describing Collective Defined Contribution Plans. the elimination of traditional pensions by many companies have left employees without easy access to reliable retirement income Collective Defined Contribution plans which are used to a small extent in the US but more broadly used elsewhere offer an option for consideration.

Description: There is no silver bullet to improving retirement income outcomes for retirees. However, a combination of changes can be of significant value in addressing this overlooked issue. Although QLACs on the surface have potential value, they are not nearly as efficient as they could be. So far, employer plans have provided limited options for retirement income solutions. IRAs may not cost effectively serve the best interest of retirees. Employer plans should be encouraged to become retirement income providers and alternative approaches should be considered. The current prohibition on allowing plans to modify benefit payouts based on mortality experience should be reconsidered to allow for innovative plan income designs. Improvements to the deaccumulation stage of the retiree nest egg are challenging yet necessary.

Description: An overview of bias and fairness in machine learning models, as they apply to use cases in life insurance.