Announcement: SOA releases passing candidate numbers for May 2020 Exam SRM.

Announcement: Access the latest SOA updates on COVID-19 at

Due to unusually high email volume in Customer Service, you may experience a longer response time than usual. We apologize for any inconvenience this may cause.

Application of Actuarial Science to Systemic Risks

Research Projects in Risk Management

The Casualty Actuarial Society, Canadian Institute of Actuaries, and the Society of Actuaries' Risk Management Section is pleased to make available a research report that examines the circumstances that lead to systemic risk and proposes a new definition. The report was authored by Risklighthouse, LLC.


Application of Actuarial Science to Systemic Risk Report


If you have any questions or comments regarding the report, please contact Steve Siegel, Research Actuary at

Thank You

The Risk Management Section would like to thank the following individuals for their input and review:

Edson Edwards
Glenn Meyers
Dave Sandberg
Jesse Schwartz
Henry Siegel
Steve Strommen
Robert Wolf
Steve Siegel, Research Actuary
Barbara Scott, Research Administrator