Description: The COVID-19 pandemic infection has greatly affected the economy, resulting in volatile market conditions. Because market conditions greatly impact the value of insurance company’s assets and liabilities, the fourth survey in this series focused on best practices around asset and liability management (ALM). The survey was directed at actuaries, investment managers and risk managers directly involved in assessing the impact of recent events on ALM. Responses to the survey were collected between April 22-28, 2020. Thirty-two companies responded to the survey.

Description: The SOA is honored to announce the three essays that were selected as winners for this year’s Young Actuaries in Asia Essays on Societal Impact.

Description: The authors reflect on the 2023 SOA ImpACT Conference. They share some of the networking opportunities, and give overviews of the general sessions as well as some of the breakout sessions. They discuss reasons for attending an in-person meeting beyond getting continuing professional development credits.

Description: The author suggests that the actuarial profession is a gold standard for other professions and that getting the next generation of actuaries involved early seems critical to ensuring the actuarial profession retains the title of the 'best job in America' for years to come. From The Actuary, February 2012, Volume 9, Issue 1.

Description: SOA President Stephen G. Kellison shares his thoughts on the future of the actuarial profession.

Description: Society of Actuaries Research Brief Impact of COVID-19, April 16, 2020

Description: In this third issue of International News in 2022, we feature a contribution by SCOR, a leading reinsurer, highlighting the Actuarial Awards that SCOR presents annually, since 1996, to the best academic work in actuarial science, with annual prizes in several countries throughout the world. We also feature an article by Jessica Leong, FCAS, on barriers that Asian women must overcome to become leaders. Jessica recounts her own experience and how in overcoming some challenges she became the first Asian president of the Casualty Actuarial Society.

Description: The SOA recently approved a new Diversity, Equity & Inclusion (DEI) initiative to be added to our 2020 Strategic Initiatives and we will continue that initiative into 2021 and beyond.

Description: As the search continues for a solution to the U.S. Social Security system’s financing problems, the U.S. Congress is considering raising the normal retirement age for U.S. workers. The House Ways and Means Social Security Subcommittee heard testimony on Feb. 26, 1998 from Christopher Bone, chief actuary, Actuarial Sciences Associates, Somerset, N.J., Ron Gebhardtsbauer, senior pension fellow, American Academy of Actuaries, and Robert Myers, former chief actuary of the U.S. Social Security Administration and professor emeritus, Temple University. All discussed the impact of a higher normal retirement age. This article summarizes the testimony of these three actuaries.

Description: This article describes the activities and results of an SOA Task Force on Expansion of Mortality and Morbidity Statistics which was formed to review the mortality and morbidity research undertaken and the statistics published outside the recognized actuarial organizations.