Description: The cyber insurance market looks like it’s growing—rapidly, in fact. However, there’s more to the cyber insurance market than the outward appearance of strong growth. Worldwide aggregate premium’s upward trend may even be cause for alarm. The increase in premium against a flat rate of insured exposure is a key sign that the market could turn from growth to constriction if a solution isn’t found in the near future. If the cyber insurance sector hopes to reach such lofty goals as exceeding $30 billion in global premium by 2028, it’s going to need more capital. Whether directly into the insurance sector or via support from reinsurance and retrocession, fresh capital should help insurers achieve greater market penetration, build a broader foundation for ongoing expansion, and chart a course for long-term sustainable profitable growth. The same sources capital insurers have used since the early days of the market won’t be enough, though. Thankfully, the insurance linked securities (ILS) market seems poised to help, particularly with several promising recent transactions. New sources of capital could bolster the foundation for future cyber re/insurance growth.

Description: This research project seeks to develop a broader understanding of the relationship between ownership of insurance and retirement products and the income and wealth gap between races and ethnicities in the United States.

Description: The Society of Actuaries Research Institute is pleased to make available a research report summarizing the findings of two Accelerated Underwriting surveys conducted by Milliman to direct companies and reinsurers. Sponsored by the Marketing & Distribution, Product Development, Reinsurance and Smaller Insurance Company sections, the purpose of the study was to not only determine how practices have changed, but also how they have changed because of COVID-19.

Description: An introductory article for the June 2023 issue of the General Insurance Insights e-newsletter.

Description: Increasing cyber incidents and emergent characteristics of cyber threats have become significant concerns for organizations, governments, and the insurance sector. The growing cyber risks, whether catastrophic risks that an entire town, country, or even world may face due to cyber-attacks, or smaller scale cyber risks such as right where you live with smart home technology, can impact technological infrastructure, public health and safety, economic security, and even political stability. The SOA Research Institute has been conducting several research projects in the area of cyber security risks and the impact of those on insurance companies. Discover these research projects meant to inform actuaries of the ways in which risks can be incorporated into their models, product design, and risk management frameworks. Also, explore research reports that explore new technologies and the development of tools which can aid both practitioners as well as other researchers.

Description: The Casualty Actuarial Society (CAS), the Society of Actuaries (SOA) and the Society of Insurance Research (SIR) started developing research addressing diversity, equity and inclusion (DEI) topics. Join panelists as they briefly present an overview of their organization's DEI research and share their perspectives on common challenges facing all the stages of this research: - Planning relevant and timely research with a long timeline. - Getting appropriate data and resources to support your research. - Communicating research on topics that may be controversial.

Description: Join us for the Pandemics & Paradigm Shifts: ERM in an Intensely Dynamic World panel discussion, where industry and regulatory perspectives will help provide insight into a number of topics. Expect interactive dialogue opportunities based on the conversation between the panelists and the audience. Key topics that will be conversed about, but the panel is not limited to, include a brief review of historical paradigm shifts and subsequent insurer failures, best practices and an outlook on the ultra-dynamic world of today and consideration of a company's enterprise risk management framework as it affects ratings and insurance department examinations.

Description: Read how the world’s largest provider of specialty insurance for classic vehicles uses its media department’s YouTube videos to its full advantage.

Description: Dive into the challenges of practitioners working across components that make up the Risk Management infrastructure with a variety of health, life and P&C insurers in this panel discussion webcast. Panelists will highlight how these insurers operate with the data and tools available to them and the existing challenges in interactions with an organization's leadership. Be part of this webcast that delves into the interplay between first- and second-line defense and how high levels of independence and professionalism can be achieved in a fast-moving, multi-discipline cross functional ERM role.