Description: View the ERM-INV Model Solutions - Spring 2022.

Description: View the QFI QF Model Solutions - Fall 2021.

Description: Candidate Questionnaire for Christine Hofbeck

Description: View the RET RPIRM Model Solutions - Spring 2022.

Description: View the ILA LAM Model Solutions - Spring 2022.

Description: View the QFI PM Model Solutions - Spring 2022.

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

Description: View the ILA LFMU Model Solutions - Spring 2022.

Description: View the ILA LPM Model Solutions - Spring 2022.

Description: The Chinese insurance market is grappling with product innovation, business growth and regulatory oversight as it tries to keep pace with a sharp growth in demand across product segments. In this context, the authors have highlighted insurance trends in China, based on available research and literature, with a particular focus on topics that will drive the enterprise risk management (ERM) function of insurance companies. ERM provides an opportunity for insurers to identify and mitigate potential insurance risks by enhancing their policies and risk management activities. This report explores the insurance trends in detail, drawing on findings from interviews of practitioners in the Chinese market, to provide context for the drivers of ERM transformation.

Description: An overview of how the VM-31 requirements for documenting PBR approaches and assumptions can/should reflect the Actuarial Standard of Practice on Modeling, ASOP No. 56

Description: View the Exam PA Model Solutions December 7, 2020.

Description: A look at the near future and far future of various elements of Actuarial Models as defined through ASOP 51. What is driving the complexity for inputs, calculations, and outputs. Howe will actuaries handle these challenge?

Description: ACA risk adjustment is intended to "bridge the gap" between allowed rates and actuarial rates. If risk adjustment methodology is not bridging that gap & becomes an additional input to pricing formulae, it is not serving its intended purpose.

Description: This is the second of a two-part article introducing and elaborating an “Adaptor” strategy for ERM. Such a strategy is intended to fulfil two purposes: first, switching among four styles of risk-coping strategies in order to track qualitative changes in a business’s risk environment; and, second, to support the business in navigating with resilience through all the seasons of a business-economic cycle, i.e., of boom, bust, moderate, uncertain. This latter requires careful study of the nature of resilience, the familiar idea of bounce back, and the less familiar idea of bounce forward. Part I of our article is underpinned therefore by a supplementary document (available from https://riskviews.wordpress.com/adaptor-exceptionalism/), which addresses the issue of structural change in a business or economy. It draws heavily on ideas taken from the discipline of control engineering, as well as some from ecology, social anthropology, and economics. The entire two-part article is thus an exercise in cross-disciplinary Systems Thinking.

Description: The paper demonstrates that the most popular rationalization for evolving glide paths is flawed and should be discarded. The paper also demonstrates that glide paths should generally evolve for investors that endeavor to optimize outcomes and reevaluate their portfolios regularly.

Description: The article describes the factors that should determine the asset allocation of an employer's QDIA, especially Target Date Funds, and suggests that in general QDIAs have insufficient equity in retirement asset allocations.

Description: Attendee guide information.

Description: In 2021, Deloitte and the SOA conducted a research study on emerging technologies in which the current use and future outlook of these technologies for the actuarial profession were evaluated.

Description: Family caregivers are a critical link in providing long-term services and supports (LTSS), but they have significant unmet needs. To better support family caregivers, Congress authorized the Recognize, Assist, Include, Support, & Engage (RAISE) Family Caregivers Act in 2018 and created the RAISE Family Caregiving Advisory Council. The Council identified recommendations to serve as the backbone of a national strategy to improve the physical, emotional and financial well-being of family caregivers. A new report, "Asking Directions: Mapping a Course to Support Family Caregivers," identifies specific actions across a variety of players for meeting the Council’s recommendations. It summarizes insights from a year’s worth of strategy sessions and interviews with representatives of over 100 organizations. The report brings together thoughts on best practices and the most critical action steps from national and state organizations, county health providers, the direct care workforce, large and small employers, aging and disability organizations, faith-based groups, respite care providers and more. This article summarizes the research methods and key findings of the report and the work conducted by the Leading Age LTSS Center @UMass Boston and Community Catalyst’s Center for Consumer Engagement in Health Innovation.

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

Description: View the Spring 2022 ERM Exam Case Study.

Description: View the Spring 2022 Life ALM and Modeling Exam.

Description: View the 2022 SOA Student Research Case Study Challenge.

Description: View the Fall 2022 ERM – Enterprise Risk Management Exam Introductory Study Note.

Description: View the Fall 2022 Life ALM and Modeling Introductory Syllabi.

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

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

Description: View the Fall 2022 Quantitative Finance And Investment—Quantitative Finance.

Description: View the Fall 2022 Quantitative Finance And Investment—Investment Risk Management Introductory Study Note.

Description: View the CFE - Strategic Decision Making Exam - Spring/Fall 2022.

Description: Discusses insurance company considerations and approaches when dealing with the complexities of deferred lives within pension plans.

Description: The Society of Actuaries Research Institute is pleased to make available a report that aims to understand the cause of low annuity demand through the angle of mortality model uncertainty.

Description: The Aging and Retirement Strategic Research Program is pleased to make available a guide written by Financial Finesse to help older retirees and those who assist them make informed decisions.

Description: View the Spring 2022 FSA Exam Book List.

Description: This is a conversation with two critical staff members of the Society of Actuaries (SOA) about their experience there. Jane Lesch is a non-actuary who has been working at the SOA for over 20 years, and is an engagement specialist. Mike Boot is an actuary who retired at the end of February after 15 years at the SOA, most recently as managing director. We spoke to both Jane and Mike to get their take on what leadership is about, and how working at the SOA impacted them.

Description: In the United States, there has been much industry discussion of the challenges associated with a sustained low interest rate environment, which impacts both the asset and liability sides of the balance sheet in unfavorable ways. The intent of this article is not to focus on these strategic issues. Rather, we attempt to shine a spotlight on some of the modeling challenges that practicing actuaries may experience when incorporating negative interest rates into their models.

Description: A discussion on technology improvements in establishing compliance with sections 7702 and 7702A. The Internal Revenue Code defines life insurance using actuarial tests that limit the investment in a life insurance contract as compared to the death benefit. Inadvertant failures of the actuarial tests can be uncovered by testing in order to enable remediation.

Description: View the CFE - Strategic Decision Making Exam - Spring/Fall 2022.

Description: This article summarizes key points from the recently published research paper “Deep Learning for Liability-Driven Investment,” which applies reinforcement learning and deep learning techniques to liability-driven investment (LDI).

Description: View the ERM Case Study Spring 2022

Description: The latest in a series of articles connecting the principles of Zen Buddhism to the working world of actuaries. This issue focuses on techniques for cultivating a gratitude mindset under all types of conditions - even stressful ones, in order to maintain equilibrium and harmony for a more productive workday.

Description: it discusses the framework and modeling of the market consistent valuation of fixed indexed annuity, against the backdrop of the convergence of accounting standards and internal risk management.

Description: In this article, a numerical comparison of two commonly used FIA valuation methodologies is conducted to help insurers decide on the best methodology to use under GAAP LDTI and VM-22. We compared two modeling approaches to project the future index credits with the annual point-to-point crediting formula: Tthe stochastic equity crediting model and the deterministic option budget crediting model. The analysis is then extended to different levels of option budgets and the monthly average crediting formula. The advantages and disadvantages of the two equity return projecting approaches are also highlighted and will be discussed later in the report.

Description: View the Fall 2021 ERM – Enterprise Risk Management ILA Exam.

Description: View the QFI PM Model Solutions - Fall 2021.

Description: View the ILA LFMU Model Solutions Fall 2021.

Description: View the ERM-INV Model Solutions - Fall 2021.

Description: View the QFI QF Model Solutions - Fall 2021.

Description: View the ERM-GH Model Solutions - Fall 2021.

Description: View the ILA LPM Model Solutions - Fall 2021.

Description: View the Fall 2021 ERM – Enterprise Risk Management RET Exam.

Description: View the ERM-GC Model Solutions - Fall 2021.

Description: View the GH DPA Model Solutions - Fall 2021.

Description: View the CFE SDM Model Solutions - Fall 2021.

Description: View the A Report on an Online Survey of 602 Adult Children of Recently Deceased Parents

Description: Climate change affects everyone. Proactive responses that look forward to anticipate future conditions will optimize infrastructure investments rather than dealing with the crisis as extreme events arrive. Cities can address local concerns utilizing a process that is repeatable in other jurisdictions.

Description: Appendix to report, Variable Uninsured (Value) Life Annuities

Description: Presentation of Long-Term Care Insurance Mortality and Lapse Study presentation to NAIC Health Actuarial (B) Task Force (HATF) on November29,2021.

Description: This study and report have the following primary purposes: 1. Evaluate recent mortality experience relative to standard industry mortality tables, at a broad level. 2. Observe general trends in mortality experience by key policy characteristics. Where possible, provide insights into the industry changes contributing to the observed trends. 3. Provide the underlying data in spreadsheet pivot table format for further investigation by qualified actuaries. Provide data also in a delimited text file and Tableau dashboards for use with other software tools.

Description: View the Fall 2021 Corporate Finance And ERM — Strategic Decision Making Exam.

Description: View the Fall 2021 Individual Life and Annuities Life Financial Management, U.S Exam.

Description: View the Fall 2021 ILA – Life Product Management Exam.

Description: View the Fall 2021 General Insurance - Financial And Regulatory Environment – U.S. Exam.

Description: View the Fall 2021 ERM Exam Case Study.

Description: View the Fall 2021 Quantitative Finance And Investment—Quantitative Finance Exam.

Description: The aim of this project is to present proposals for Variable Uninsured Life Annuities—or “Value annuities.” The report and the accompanying models illustrate how Value annuities work.