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Risk Management Research Reports

If you’re looking for research projects and reports on risk management topics, you’ve come to the right place. The SOA offers research, authored by an individual or a team of authors, for download in just a few clicks. Most reports are in PDF format.



  • 12th Annual Survey Of Emerging Risks 
    The Casualty Actuarial Society, Canadian Institute of Actuaries, and the Society of Actuaries' Joint Risk Management Section is pleased to make available the full report from the 2018 Emerging Risks Survey, the twelfth in the series.
  • 2019 ERM Monograph
    In a collaborative effort, the Joint Risk Management Section, the Canadian Institute of Actuaries (CIA), the Casualty Actuarial Society (CAS), the Society of Actuaries (SOA), and The Actuarial Foundation are pleased to present papers from the 2019 ERM Symposium Call for Papers.
  • Copula Models of Economic Capital for Life Insurance Companies
    This report examines the use of a copula approach to build a predictive model to estimate the amount of economic capital a life insurance company needs to protect itself against an adverse movement in interest rates, mortality, and other risk drivers.
  • Policyholder Behavior in the Tail Risk Management Section Working Group Variable Annuity Guaranteed Benefits 2018 Survey Results
    The Joint Risk Management Section is trying to develop better estimates of policyholder behavior in the tail (PBITT). The mission of the PBITT working group is to examine and ultimately give guidance to actuaries on how to set policyholder assumptions in extreme scenarios.
  • Machine-Learning Methods for Insurance Applications-A Survey
    The Society of Actuaries is pleased to make available a research report that provides a literature survey of methodologies applying machine learning to insurance claim modeling.


  • Actuarial Review of Insurer Insolvencies, Future Preventions
    Sponsored by the Canadian Institute of Actuaries (CIA), Casualty Actuarial Society (CAS), and Society of Actuaries (SOA), this study looks at causes of insolvency and decisions made by management, regulators, and policyholders over the life cycle of the insolvency. This study is intended to educate insurance professionals on historical insurer impairments and insolvencies and possible future prevention indicators.


  • 10th Survey Of Emerging Risks
    The Casualty Actuarial Society, Canadian Institute of Actuaries, and the Society of Actuaries' Joint Risk Management Section is pleased to make available a research report describing the results of the 2016 Emerging Risks Survey, the tenth in the series.
  • 2017 Universal Life with Secondary Guarantees Survey Summary
    As part of its work, the PBITT working group issued a survey that gathered the range of assumptions actuaries use in pricing, reserving, and risk management of UL with Secondary Guarantees. This report summarizes the findings of the survey.
  • 2017 Enterprise Risk Management Symposium
  • Parameter Uncertainty
    Sponsored by the Casualty Actuarial Society (CAS), Canadian Institute of Actuaries (CIA), and the Society of Actuaries' (SOA) Joint Risk Management Section and the Joint Risk Management Research Committee, this study examines and describes parameter uncertainty.
  • Mitigating Extreme Risks through Securitization
    Sponsored by the Society of Actuaries Research Expanding Boundaries Pool, this research report introduces readers to Insurance-linked securities (ILSs) emphasizing catastrophe bonds (CAT) and industry loss warranties (ILWs). The report also discusses the pricing of ILSs and issues in utilizing them as hedging tools.
  • Reviewing Systemic Risk in the Insurance Industry