SOA releases passing candidate numbers for March 2021 Exam IFM.

Modeling the Unemployment Risk in Insurance Products

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 interrelationships between the general levels of unemployment in the economy and the sale and persistency of insurance products. The report explores whether insurance products have reduced sales and persistency as the level of unemployment increased in a given economic environment. The report was authored by Terence Narine.


Modeling the Unemployment Risk in Insurance Products


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
  • Nancy Ning
  • Steve Siegel, SOA Research Actuary
  • Barbara Scott, SOA Research Administrator