Description: 1994 SOA Spring Meeting, Orlando. This session is about re-engineering large actuarial systems. Large actuarial systems have become drains on human, computing and financial resources. And in some cases, daily actuarial functions have grown beyond the scope of normal cost-containment techniques. Re-engineering actuarial systems can significantly alter the trend.

Description: This article gives an historical description of calculating and tabulating equipment used by, and is some cases developed by, actuaries in their work.

Description: This is a 4 part discussion about issues affecting small companies: 1. Marketing, 2. Electronic Data Processing, 3. Forecasting and control of operating results, and 4. Income and Expense Allocation. From Transactions of Society of Actuaries 1964, Vol. 16 Pt. 2

Description: This paper outlines how derivation of many balance sheet items can be improved both at the year end and at interim shipment dates by a company which utilizes data processing equipment. From Transactions of Society of Actuaries 1958, Vol. 10, No. 28.

Description: Discussion of the findings of a survey conducted by Deloitte Consulting on the experience insurers were having with automated underwriting. This survey was solicited by the Society of Actuaries' Marketing and Distribution Section Council, the Product Development Section Council and the Committee on Life Insurance Research.

Description: The article explores how integrating AI into insurer apps can address critical challenges in healthcare, such as patient no-shows, medication adherence, and cost management. These non-disruptive approaches aim to increase the effectiveness of patient interventions and improve medication adherence.

Description: New Co-Editor Richard Junker introduces himself and his plans for the newsletter.

Description: On November 30, 2021, the SOA Research Institute assembled an industry expert panel to discuss current issues in actuarial technology. Each participant who volunteered to be part of the discussion was selected because of their management-level responsibilities for the application of technology in an actuarial context. The group was diverse in terms of employment, including company actuaries from life, health, and property/casualty backgrounds, as well as consultants from various kinds of firms. This document summarizes the discussion that occurred during the three-hour meeting. To encourage candor during the discussion, participants were assured that this report would not attribute comments to individuals or companies, so no names appear in the body of the report. The names of those who participated are included at the end of the report.

Description: Decentralized finance, or DeFi, is an emerging financial system powered by blockchain technology. This research report aims to introduce actuaries to DeFi and help them develop a solid understanding of DeFi. It will begin with addressing “what is DeFi?” by providing an introduction on blockchains and DeFi. It will then discuss in further detail the key characteristics, applications, opportunities, and risks of DeFi. After providing the foundation, this report will discuss the potential adoption of DeFi and its interaction with the current financial system (sometime referred to as traditional finance for contrast with DeFi), and the implications for practicing and aspiring actuaries. In addition, a glossary of terms used in DeFi and a brief history of the development of DeFi have been included in the appendix.

Description: This abstract describes a presentation that gives an in-depth look at genetic algorithms - what they are, why they are important for actuaries, when to use them, and how to create them.