Description: The article introduces a cashflow matching strategic asset allocation (SAA) framework for life insurers. Given the recent shift to higher interest rates after two decades of persistent low interest rates, insurers have an opportunity to enhance their asset liability management by rebalancing asset portfolios to narrow duration gaps and attain higher risk-adjusted yields. The framework aims to align investment objectives with economic, regulatory, and rating agency requirements. It prioritizes cashflow matching as the primary optimization goal and incorporates security-level asset information to assist portfolio managers in executing SAA seamlessly. The article highlights the benefits of the cashflow matching SAA framework, including greater attention to cashflow matching, unbiased results, readily executable strategies, and stable economic reserves. A case study is included to demonstrate the effectiveness of the framework in improving risk-adjusted return and cashflow matching for a representative liability block.

Description: Review the syllabus for the August 2024 Introduction to General Insurance (GIINT) Exam.

Description: Unhealthy Longevity in the United States

Description: Review instructions for accessing the recording library that is available as part of the corporate recording library subscription program.

Description: This report updates the Canadian Mortality Data through 2021 in the Human Mortality Database and Canadian Human Mortality Database, including methodology, data sources, and internal consistency checks.

Description: Read how to combine people management and mentorship to create positive and open environments and improve employee engagement and productivity.

Description: The Group Life COVID-19 Mortality Survey Report Series gathers a high-level view of U.S. group term life insurance mortality experience since the onset of the COVID-19 pandemic. These reports measure results in total and by broad age group, industry category, geographic region, and cause of death.

Description: The chairperson for the marketing and distribution section discusses the section welcome call and outline future topics and themes for the year head.

Description: The Society of Actuaries (SOA) Spotlight Societal Purpose Award is dedicated to recognizing the extraordinary contributions of candidates, members, affiliates, and employers who are leaders in championing community involvement for positive purpose.