Description: A list of deceased members who passed away in 2018.

Description: Actuaries are highly sought-after professionals who develop and communicate solutions for complex financial issues. Read to learn more.

Description: In this article, we summarize inflationary factors that may result in a sharp increase in interest rates and implications for life insurer convexity risk exposure, most notably to dynamic policyholder lapsation. We further provide insights into potential ALM strategies to mitigate this convexity risk. Due to the prolonged low-interest rate environment and low minimum interest rate guarantees offered to policyholders, liability convexity is higher than prior historical periods, which results in life insurers’ ALM positions being extremely vulnerable to short-term interest rate spikes. Convexity mismatches cause issues for life insurers under both rising and declining interest rate scenarios. This means that life insurers are not compensated for taking convexity risk and, therefore, convexity matching should always be considered in the asset optimization process. There are mixed signals from policymakers and financial markets regarding potential inflationary and sharply rising interest rate scenarios. The key takeaway is that life insurers are not compensated for taking convexity risk and it is the right time for insurers to review convexity exposure. There are different approaches available to mitigate convexity exposure through rebalancing of asset positions and hedges within each life insurer’s risk limits.

Description: An update to the risk management readers on what the JRMS is planning to do over 2023 to serve its membership.

Description: Climate risk modeling is taking center stage. With businesses increasingly expected to show how they assess, adapt to, and mitigate the risks of climate change, companies are asking: What is the right climate risk modeling approach for our business?

Description: A list of deceased members who passed away in 2019.

Description: Nomination form for Partner Volunteer.

Description: Please utilize additional resources made available for further thought and research.

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Description: On this page, you'll find links to studies, tables, reports and documents on group and individual life insurance plans, as well as mortality and longevity stats as they relate to life insurance. Available resources include a relative risk tool and mortality and other rate tables.