Description: The objective of this paper is to provide a practical guide with concrete case studies to help actuaries implement artificial intelligence and machine learning (AIML) to help accelerate the speed of analysis for life and annuity actuarial modeling. We do so by researching the existing literature regarding AIML and its applicability to stochastic modeling and exploring case studies.

Description: The global doubling of information content has been estimated to occur at a rate of every 12 hours, and conceivably faster. This ‘infowhelm’ is a double-edged sword for insurers. While maximization of the global knowledge base can fuel innovation, it can occur only in the context of reasonable cost for a higher benefit. The insurance industry – underwriters and actuaries in particular – are challenged to constantly examine new innovations that promise to raise confidence and protective value for insurability, within legal limits. This report aims to be the first of several to alert the SOA of promising innovations for the profession.

Description: LUMOS Consulting Storslysia’s Hazard Relocation Social Insurance Program

Description: Review the QFIPM Syllabus for Fall 2023.

Description: View the Fall 2023 Quantitative Finance And Investment—Quantitative Finance.

Description: Review the ERM Syllabus for Fall 2023.

Description: View the CFE - Strategic Decision Making Exam - Spring/Fall 2023.

Description: Review the ILALAM Syllabus for Fall 2023.

Description: The Society of Actuaries’ Committee on Finance Research is pleased to make available a research report covering the extent to which investment sectors have been contagiously affected by major disasters.

Description: The journey for microinsurance, nowadays called inclusive insurance, started a long time ago and is not complete in the majority of the low-income and low middle-income markets. When seeking to enhance inclusive insurance markets, it is useful and necessary to have a good understanding because it entails a different treatment of customers, distribution, products, pricing, client management, premium collection, claims declaration and settlement, and reporting.

Description: This Fast Facts document summarizes the Phase 2 Report of the Communicating Defined Benefit Risk project.

Description: View the ARCH Programs

Description: View the Portfolio Optimization with a Guaranteed Minimum Maturity Benefit and Risk-Adjusted Fees

Description: A Case Study on Climate Change Impact on Home Prices Utilizing Bayesian Network Qualitative to Quantitative Analysis.

Description: This project enhances the current understanding of cyber risks in the smart home ecosystem from the insurance industry's perspective. In particular, the quantitative framework and pricing strategies developed in this project can be immediately adopted/adapted by actuaries to price the cyber risks for smart homes, a fast-growing insurance market.

Description: The Society of Actuaries Research Institute’s Aging and Retirement Strategic Research Program is pleased to make available a report that explores stakeholder views in Minnesota on the efficacy of a public catastrophic long-term care insurance program at the state level.

Description: View the ERMINV Exam Solutions

Description: View the ERMGI Exam Solutions

Description: View the QFIQF Exam Solutions

Description: View the ERMILA Exam Solutions

Description: View the ERMGH Exam Solutions

Description: View the QFIPM Exam Solutions

Description: View the ERMRET Exam Solutions

Description: View the ILALFMU Exam Solutions

Description: View the ILALPM Exam Solutions

Description: View the CFESDM Exam Solutions

Description: View the ERM Spring 2023 Case Study

Description: View the Primer on Retirement Income Strategy Design and Evaluation.

Description: List of presenters at 2022 Life Meeting.

Description: View the Implications of Evolving Technology in Auto Insurance Expert Panel Discussion.

Description: This study presents a comprehensive approach of real option analysis to climate adaptation policies aiming to mitigate flood risk. The framework focuses on pricing catastrophic risk in coastal regions, allowing for economic growth and uncertainty in the mean sea level rise.

Description: The Society of Actuaries’ Committee on Finance Research is pleased to make available a research report that develops a framework for applying deep learning and reinforcement learning techniques to optimal dynamic strategic asset allocation for Liability Driven Investment (LDI).

Description: View the Fall 2022 ERM – Enterprise Risk Management GH Exam.

Description: View the Fall 2022 Corporate Finance And ERM — Strategic Decision Making Exam.

Description: View the Fall 2022 ERM Exam Case Study.

Description: View the Fall 2022 ERM – Enterprise Risk Management ILA Exam.

Description: View the Fall 2022 ERM – Enterprise Risk Management GC Exam.

Description: View the Fall 2022 ERM – Enterprise Risk Management GI Exam.

Description: View the Fall 2022 ERM – Enterprise Risk Management RET Exam.

Description: View the Fall 2022 ILA – Life Product Management Exam.

Description: View the Fall 2022 QFI – Portfolio Management Exam.

Description: View the Fall 2022 ERM – Enterprise Risk Management INV Exam.

Description: View the Fall 2022 Retirement Plan Investment And Risk Management Exam,

Description: Non-guaranteed elements are parameters of life insurance and annuity polices that are not fixed when the policy is issued but may be changed from time to time by the insurance company. They emerged in the United States and other countries as features of Universal Life and similar products designed to make insurance more competitive in an environment where fully guaranteed products did not have sufficient flexibility to respond to rapidly changing conditions. This overview covers professional guidance, regulations and practical issues with reviewing and revising non-guaranteed parameters.

Description: View the CFEFD Overview Note 2023 Spring Exam.

Description: View the CFE - Strategic Decision Making Exam - Spring/Fall 2023.

Description: View the Spring 2023 Quantitative Finance And Investment—Quantitative Finance.

Description: View the Spring 2023 ERM – Enterprise Risk Management Exam.

Description: View the Spring 2023 Life ALM and Modeling Introductory Syllabi.

Description: View the CFESDM Course Overview Study Note - Spring 2023.

Description: View the Spring 2023 QFI – Portfolio Management Exam Syllabus.

Description: View The Impact of Disaster Events on Investments – Contagion Channels Perspective.

Description: View the MIM-2021-v3 Data Analysis Tool User Guide.

Description: View the MIM-2021-v3 Application Tool User Guide.

Description: A literature review was performed on mortality improvement, socioeconomic differences in mortality and their links to specific causes of death, and methods for analysis. It highlighted the fact that socioeconomic status (e.g., income and education) is closely linked to differences in mortality and that the longevity gap between socioeconomic groups is growing over time. It also informed the selection of key variables and the need to view mortality improvement as a complex interaction between specific causes of death.

Description: This report reviews the academic and grey literature on “cyber insurance” and “cyberactuary” across multiple disciplines.

Description: Enterprise risk management (ERM) is an orderly or guided conduct of an enterprise to deal with risks. For insurers, ERM requires full support and commitment of the senior management. ERM in the U.S. and Canada has evolved over the years into a complex ecosystem.

Description: Enterprise risk management (ERM) is an orderly or guided conduct of an enterprise to deal with risks. For insurers, ERM requires full support and commitment of the senior management. ERM in the U.S. and Canada has evolved over the years into a complex ecosystem.

Description: Enterprise risk management (ERM) is an orderly or guided conduct of an enterprise to deal with risks. For insurers, ERM requires full support and commitment of the senior management. ERM in the U.S. and Canada has evolved over the years into a complex ecosystem.

Description: This report was developed by the CESRC as an update of one Rob Erhardt prepared in 2016 that compiled a collection of sources that deal with what scientists know and what actuaries could do. Sources have been chosen with practicing actuaries and the public in mind. In the original report, nearly all governmental sources come from the United States. In the update an attempt was made to include sources from actuarial bodies and regulators worldwide. Please let us know if you have a source we did not include as it is anticipated that the SOA will continue to update a list of sources for these topics in the future.

Description: Decentralized insurance alternatives is a rapidly expanding sector of Decentralized Finance (DeFi), an emerging and growing financial ecosystem powered by blockchain technologies. The purpose of this report is to review and discuss the business models and operating designs of decentralized insurance alternatives, which may have significant implications for traditional insurance businesses, as well as the actuarial profession.

Description: Decentralized insurance alternatives is a rapidly expanding sector of Decentralized Finance (DeFi), an emerging and growing financial ecosystem powered by blockchain technologies. The purpose of this report is to review and discuss the business models and operating designs of decentralized insurance alternatives, which may have significant implications for traditional insurance businesses, as well as the actuarial profession.

Description: CORPORATE FINANCE AND ENTERPRISE RISK MANAGEMENT (CFE) COURSE OVERVIEW STUDY NOTE FOR THE FOUNDATIONS OF CFE EXAM

Description: The Indian market holds tremendous potential for insurance products, especially in segments that remain untapped. The market is evolving in terms of market penetration, product innovation, regulatory changes, government initiatives, capital adequacy and customer experience. In this report, we have highlighted insurance trends in India based on insights gathered from practitioners' interviews, available research and literature, with a particular focus on the enterprise risk management (ERM) function of insurance companies.

Description: This glossary provides a listing of actuarial terms, practice area terminology and other definitions related to the actuarial profession.

Description: The Society of Actuaries Research Institute, the American Property Casualty Insurance Association and the Casualty Actuarial Society are pleased to present a report examining how the COVID-19 pandemic affected the auto insurance industry. In this report, we will examine the effects of the pandemic on auto losses using dynamic linear models. We examine which predictors best describe the trends, and the impact the pandemic has on predicted future claims.

Description: The Society of Actuaries Research Institute, the American Property Casualty Insurance Association and the Casualty Actuarial Society are pleased to present a report examining how the COVID-19 pandemic affected the auto insurance industry. In this report, we will examine the effects of the pandemic on auto losses using dynamic linear models. We examine which predictors best describe the trends, and the impact the pandemic has on predicted future claims.

Description: This report was prepared to provide an overview of Registered Index-Linked Annuities for use in the educational curriculum of the Society of Actuaries. It presents general principles and highlights major differences from other types of deferred annuities offered by life insurance companies in the United States.

Description: Case study for exam ERM.

Description: August 2022 update on activities of the Catastrophe and Climate Research Program.