Description: The COVID-19 pandemic and its economic effects have resulted in significant insurance impacts. The General Insurance Research Committee (GIRC) of the SOA put forth a call for essays exploring the potential effects on commercial liability insurance. The committee selected this essay, “Evolving Trends in Commercial Liability Insurance,” submitted by Karl Canty and Varun Balutia of EXL, and awarded them a prize of $1,000. The GIRC congratulates the authors and is happy to publish the winning essay on The Actuary website

Description: The Society of Actuaries' Group Annuity Experience Committee has completed this experience update, which presents the 2015 through 2016 calendar year experience of retired individuals in the United States who are covered under group pension contracts.

Description: This article presents the idea that a New Product Notebook, which contains all of the aspects of a product's development and is accessible to all involved, can make the product development process more efficient.

Description: Securitization of mortgage pools was one of the great financial innovations of modern times. Collateralized mortgage obligations (CMO), which took this innovation one step further, are a classic example of what we understand today by the term "financial engineering." Together, these instruments brought liquidity to the real estate mortgage market by attracting new sources of funding for real estate loans. From The Actuary Magazine October 2007

Description: The purpose of this report is to review the existing literature on how today’s unprecedented access to data is reshaping the capabilities of insurance actuaries.

Description: This is a contest held by the Entrepreneurial and Innovation Section where participants wrote an article presenting a solution to an insurance-based problem using artificial intelligence.

Description: Panelists discuss, along with industry experience trends, issues of timely relevance to group LTD actuaries. From the Record of the Society of Actuaries, Vol. 24, No. 2.

Description: Appendix A to SOA Research Report: Models for Retirement Policy Analysis. Terms described in this appendix include: Aging dynamic and static, Behavioral response first and second-round effects, Calibration, Distributional analysis including gainers and losers tables, Dynamic model, Filing unit, Imputation including hot deck, Matching exact and statistical, Microsimulation model, Static model, Weighting. Terms are defined with reference to their application in social welfare policy modeling.

Description: This section provides multiple book reviews and summaries of recent publications. Many of the books reviewed deal with pensions, retirement and Social Security. From Transactions of Society of Actuaries 1973, Vol. 25, Pt. 1, No. 72 AB.

Description: Discusses arrangements of insurers to manufacture and administer products for other insurers or distributors. Includes reasons for it, service and financial arrangements, and risks. From the 1988 Record of Society of Actuaries, Vol. 14, No. 1.