Description: Professionalism did not start with COVID-19, but it has brought many new situations to our attention.Professionalism is more than just adhering to rules and regulations and it is complex. As an actuary, you need toconstruct your own “moral compass” and be prepared to make the tough personal and work-related decisions asthey arise. While difficult decisions may not be a common occurrence during your careers, your moral compass willmake it possible to act with confidence when something needs to be done. Finally, while the actuarial profession hascodes of conduct, it is ultimately your personal conduct that determines your reputation as a professional

Description: January 2021 update on activities of the Catastrophe and Climate Research Program.

Description: Catastrophe & Climate Strategic Research Program Newsletter - October 2021

Description: The Society of Actuaries Catastrophe/Climate Strategic Research Program engaged Risk & Regulatory Consulting LLC (“RRC”, “we”, “our”, or “the researchers”) to conduct research on the projected changes in insurability and affordability of insurance coverages due to climate change.

Description: This report examines weather conditions for precipitation, drought conditions, and tornadoes that are extreme in an historical context.

Description: This report was developed by the CESRC as an update of one Rob Erhardt prepared in 2016 that compiled a collection of sources that deal with what scientists know and what actuaries could do. Sources have been chosen with practicing actuaries and the public in mind. In the original report, nearly all governmental sources come from the United States. In the update an attempt was made to include sources from actuarial bodies and regulators worldwide. Please let us know if you have a source we did not include as it is anticipated that the SOA will continue to update a list of sources for these topics in the future.

Description: The five-year moving average of the Actuaries Climate Index (ACI) reached a new high for the sixth consecutive quarter, according to the latest data release that includes summer 2019.

Description: We summarize some of the developments in corporate sustainability. The guiding principles of corporate sustainability are developed on the global stage, but implementation of these principles necessarily occurs at the individual company level. Our aim is to educate actuaries on the broad principles, point curious readers towards more research, and inspire actions that actuaries can take within their organizations to strengthen the long-term sustainability of the industries that actuaries serve.

Description: This article highlights some of the key elements included in the United States Government Accountability Office (GAO) report to Congress in July 2023 regarding the National Flood Insurance Program (NFIP).

Description: Climate change is occurring. As a result, insured and uninsured losses are increasing. Billion-dollar (CPI adjusted) disaster events have increased in each decade in which they have been tracked since 1980.