Description: 2021 ImpACT Conference - Session 11A: Thinking Ahead Roadmap: Keep Your Money Safe As You Age 10.28.21 Recording

Description: 2021 ImpACT Conference - Session 12C: The Evolving Role of Actuaries in a Principles-Based World 10.29.21 Recording

Description: Actuary Dave Dillon describes his role volunteering his time as a teacher in higher education, including the rewards and challenges that teaching offers. He discusses the importance of being attentive to his audience’s pre-existing knowledge and adapting his presentations accordingly. His work as a teacher typically encompasses three distinct domains: 1) acquainting young students with the actuarial profession, 2) educating non-actuaries about public policy issues related to health insurance (including the Affordable Care Act), and 3) instructing current actuaries on advanced methodologies and principles within the field. Recently he taught a health insurance course for actuarial science graduate students at Georgia State University and lectured at Boise State University’s master's program in Population & Health Systems Management. In every teaching and mentoring opportunity, actuaries can contribute to the expansion and prosperity of the profession and are encouraged to pursue these endeavors.

Description: This database and analysis, from the Society of Actuaries [SOA] ‘Experience Studies – Group Health,’ was prepared by the SOA Medical Large Claims Experience Committee, SOA Committee on Health Benefit Systems Research and the SOA Health Section. The database is a follow-up to the 1991–92 Group Medical Large Claims Database. The study explores and analyzes factors affecting incidence rates and the distribution of claim sizes. The database contains claims from three years: 1997, 1998 and 1999. While the 1991–1992 database focused only “large claims” i.e., claimants with annual paid charges of at least $25,000, the 1997–1999 database contains all claimants, regardless of charge amount. Data from seven insurers are represented. For the three years combined, the database contains 4,294,030 claimants and total paid charges of approximately $7.1 billion. In addition to the report there is 2 page database documentation and four zipped data files.

Description: The Society of Actuaries (SOA) published its first COVID-19 research brief on March 10, 2020, followed by regular updates and expansions through June 12, 2020. The comprehensive report included a section of statistics that highlight the pandemic’s impact on economies in the U.S. and Canada. This report shows updates through September 30, 2020, to selected graphs from the Economic and Asset Impact section of the comprehensive report.

Description: This article examines employee stock option ESO cost accounting, the characteristics of ESO schemes, the requirements and recommendation of FAS 123R and SAB 107. It also explains why the lattice model is probably the best approach to measuring the cost of stock option grants.

Description: This article is written in response to the article that appeared in the February/March issue of The Actuary entitled Better Standards for Setting Standards written by Dave Kass. It discusses the process itself, the time it takes to develop or change standards and how quickly new ideas should be incorporated in the standards.

Description: This paper discusses some key challenges of embedding guarantees in DC plans, including setting an appropriate guarantee level, designing effective cost funding and risk management strategies, and fair treatment of plan participants with different investment strategies.

Description: The University of North Carolina at Charlotte

Description: This article discusses the publication of the “Encyclopedia of Quantitative Risk Assessment”