Description: Critical illness insurance is a popular supplemental health insurance product in the U.S. market. This article discusses how carriers have recently sought to add value by expanded the benefits offered in their critical illness products. Specifically, the article discusses the consumer need and development considerations of adding benefits for autism Spectrum Disorder, Mental health disorders, Specified Disease Coverage, and enhance Cancer Coverage to a critical illness contract.

Description: This article discusses the guidance provided in IRS Notice 2022-6 and prior guidance on whether distributions from an individual account under a qualified retirement plan satisfy the exception to the 10 percent additional tax in Internal Revenue Code section 72(t) for certain substantially equal periodic payments.

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

Description: Can quiet actuaries inspire others and get things done just as well as their louder, more social colleagues? This isn’t just a question that plagues quiet actuaries, of course. For the over half of us that identify as quiet people and wish to lead, it’s easy to second guess and doubt ourselves. This doubt sometimes holds us back from reaching for that promotion, or starting that new organization. Some quiet actuaries may try to adapt extravert behaviors, however those efforts can be draining and short-lived. This article shows how quiet actuaries can authentically lead and leverage their strengths.

Description: Article about talent crisis in insurance industry

Description: A brief description of the contents of the July 2022 issue along with are quest for assistance with SOA programming.

Description: Brief discussion on recent published experience studies and RFPs.

Description: As the population and workforce age, it is important to rethink how and when we retire. This article provides a big picture overview of issues related to opening up more options for exit from the labor force and gradual retirement. It reviews developments in the last few years that are important including the growth of gig employment, more remote work, more technology, workforce shortages, and changes in employee benefits that previously were a barrier to gradual retirement. It calls for more focus on adaption to the aging society. Several publications are cited and it includes a reference list.

Description: In the United States, there has been much industry discussion of the challenges associated with a sustained low interest rate environment, which impacts both the asset and liability sides of the balance sheet in unfavorable ways. The intent of this article is not to focus on these strategic issues. Rather, we attempt to shine a spotlight on some of the modeling challenges that practicing actuaries may experience when incorporating negative interest rates into their models.

Description: This article discusses two key challenges one must overcome to gather the best data for managers to make data-driven decisions.