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Risk Implications of Unemployment and Under-Employment

The Casualty Actuarial Society (CAS), Canadian Institute of Actuaries (CIA), and the Society of Actuaries' (SOA) Joint Risk Management Section is pleased to make available a report that studies the impact of unemployment and underemployment on insurance products. It introduces the concepts, theoretical background, and patterns of unemployment and underemployment and how actuaries can incorporate this factor into models. The report was authored by Kailan Shang.


Risk Implications of Unemployment and Under-Employment
Risk Implications of Unemployment and Underemployment Brief


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

Thank You

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

Fred Tavan, Chair
Guy Barker
Thomas Hartl
Shiraz Jetha
Nancy Ning
Steve Siegel, SOA Research Actuary
Barbara Scott, SOA Research Administrator