Description: Article describing content and key takeaways from experience completing the SOA PA Certificate

Description: An overview of bias and fairness in machine learning models, as they apply to use cases in life insurance.

Description: Reserving and ratemaking calculations are vital to how insurance companies perform financially. Current-day practices for predicting future loss ratio or pure premiums for reserving and ratemaking rates are not based on low prediction errors—mean squared error (MSE) criterion. This report provides mathematically optimal weights that lead to minimum MSE prediction errors, and the formulas are validated using retro-testing with real-world datasets. In this report, two main theorems are discussed, each addressing prediction of future loss ratio or pure premium and improving upon current practices for how rates and reserves are calculated.

Description: This is a continuation of an article published for the speculative future contest in 2023. It mentions how the collapse of China would cause a global recession in 2029 due to the current and predicted geopolitical climate in 2023.

Description: The Society of Actuaries announces the release of a new report that will provide a resource for the insurance industry to learn about image recognition technology. Authored by Kailan Shang, the report explores the current status of image recognition technology, models for image recognition, and various possible applications of image recognition to insurance.

Description: Following recent SOA Research, we look at how climate scenarios will affect Long Term Care assumptions and business.

Description: Provides an update, as of September 2022, on Financial Reporting Section sponsored research projects in process and those recently completed.

Description: Feature articles discussing the risks created by climate change.

Description: The numerous restrictions as a result of the COVID-19 pandemic have certainly affected everyone and those measures may have consequences for our health. The article attempts to uncover possible links between COVID-19 and depression.

Description: This month, Expanding Horizons had the opportunity to interview Tim Boonen, the winner of the Society of Actuaries’ (SOA’s) second Actuarial Science Early Career Award.