Description: This report provides an exploration of the potential impact of Artificial Intelligence (AI) on medical malpractice claims, with a focus on one specialty (radiology) and one state (New York). The discussions in this report are targeted to actuaries who are interested in developing a method to quantify the potential impact of AI to their own medical malpractice portfolio or to their own work.

Description: An analytical basis about national trends and state specific factors that may be driving the auto insurance loss costs.

Description: This research report develops a framework for modeling and pricing cybersecurity risk.

Description: This report considers a hybrid portfolio that combines life and general insurance aspects.

Description: This report concerns optimal new business written premium mix at the firm and state levels under varying competitive conditions.

Description: Review the findings of an expert panel discussing current Generative AI issues impacting the insurance industry.

Description: This article discusses many of the complexities of the new IDI valuation table and how they might impact the implementation process.

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: The COVID-19 pandemic and its economic effects have resulted in significant insurance impacts. The General Insurance Research Committee (GIRC) of the SOA put forth a call for essays exploring the potential effects on commercial liability insurance. The committee selected this essay, “Evolving Trends in Commercial Liability Insurance,” submitted by Karl Canty and Varun Balutia of EXL, and awarded them a prize of $1,000. The GIRC congratulates the authors and is happy to publish the winning essay on The Actuary website

Description: Editorial for the November 2016 issue of Reinsurance News.