Description: Zero-Knowledge Proofs (ZKPs) represent an innovative suite of cryptographic algorithms that validate the accuracy of sensitive information without revealing the actual information itself. This report introduces the diverse applications and emerging opportunities that ZKPs offer to the insurance community, especially in the health insurance space.

Description: A serious problem facing the actuary when his or her company converts to on line transactions processing is that of how to minimize human errors. This paper explains how the availability of the various reserve and cash value factor files in an on line environment permit better checking than has been possible in the past.

Description: Supporting mathematical basis for adjusting mortality risk by applying epigenetic age acceleration measures

Description: This discussion is about the problems created or anticipated from an administratice and organization point of view as a result of the responsibility for computer operations. From Transactions of Society of Actuaries 1961, Vol. 13 Pt. 2

Description: This paper described the 80-column punched card which had been adopted by the New York Life and the general procedure which was being followed in the preparation of such mortality card on new issues of policies. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.

Description: The Society of Actuaries (SOA) sought to investigate methodologies and characteristics associated with actuarial innovation, aiming to expand the industry’s capabilities for creativity. The SOA engaged Milliman to conduct in-depth interviews and focus groups with select actuaries who have demonstrated innovative skills, in order to derive key behaviors and characteristics that encourage innovation.

Description: With the decline in traditional defined benefit plans, cutbacks in Social Security already legislated, and further ones possibly needed to maintain solvency, retirees increasingly must rely on their own ability to manage their retirement income. Relatively few retirees purchase annuities, leaving them with investment and distribution decisions concerning their accumulated savings. Increasing life expectancy and improved health at older ages raise the issue of whether people should consider postponing retirement as a way of assuring adequate resources during retirement. During retirement, they face complex issues concerning how to manage various risks. Increasingly, people planning for retirement have access to financial planning software, much of it available over the internet for free. This study, sponsored by the Society of Actuaries and the Actuarial Foundation, assesses the extent to which the retirement planning programs analyzed help users understand post-retirement risks.

Description: This program allows the user to explore in great detail a technical problem that has occupied a number of investors, financial writers and especially retirees, during the last few years, as the baby boomers start to approach retirement. Namely, what is the probability that one will run out of money before running out of life, if his or her current standard of living is maintained? This is a zip file which includes the Retirement Probability Analyzer software, an instruction manual and a PowerPoint presentation explaining the program.

Description: Artificial intelligence (“AI”) adoption in the insurance industry is increasing. One known risk as adoption of AI increases is the potential for unfair bias. Central to understanding where and how unfair bias may occur in AI systems is defining what unfair bias means and what constitutes fairness.

Description: This paper improves Chapter 2 of 'Mathematics of Pension Funding' - Part 7 Study Notes. Key formulas are derived in a more general fashion than in the Study Notes.