Description: View and download the program book for the 2024 APAC Symposium.

Description: Review the archived Spring 2024 FSA Exam Book List

Description: This report focuses on the risks of change in the insurance industry and adapting to the "New" New Normal. It includes survey results, analysis, and discussions on various risks affecting the industry in the current environment.

Description: An interview with Weili Lu, the president of ARIA

Description: Stefanos Orfanos shares his perspective and priorities for this year as the incoming chair of the SOA Education and Research Section.

Description: View the Effectiveness of Health and Wellness Programs Report

Description: Read this report, which is part of the series "Understanding and Managing Post-Retirement Risks", to learn more about the perspective of the individual with respects to long-term care, caregiving, and housing issues.

Description: Latest in series of articles exploring the adaptation of Buddhist philosophy to actuarial practice. This installment examines the challenges for actuaries in dealing with pain points in actuarial work, and how to best manage these forces so that the work remains aligned with professional standards.

Description: To provide high level information on a book selected and discussed during the December book club session, The Ten Commandments of Risk Leadership. In addition, this article serves as a promotion of the SOA book club as well as the upcoming sessions.

Description: List of sessions and presenters.

Description: Risk management techniques do not include system science. System science requires that the uncertainty of the world is incorporated into the results. The articles explains the difference between risk and uncertainty. Learn how risk practices create an overoptimistic view of future outcomes.

Description: This report provides actuaries and other professionals working with risk, data and analytics or program evaluation in the health care space with considerations and frameworks related to the use of determinants of health (DOH) in data and actuarial work streams. Such frameworks can leverage new data sources to enrich health care data analysis to move beyond traditional data elements, such as age, gender, zip code or health diagnosis.

Description: The landscape of the reinsurance industry is evolving amid profound changes in the insurance sector. Innovation is vital for reinsurers as risks become more complex and insurers transition from a role of "protection" to "prevention." Successful reinsurers are responding to market dynamics, particularly through open innovation – collaboration with startups.

Description: Review the ILA LPM Solutions for Fall 2023.

Description: Review the QFI QF Solutions Fall 2023.

Description: Review the ILA LAM Solutions for Fall 2023.

Description: Review the RET RPIRM Solutions for Fall 2023.

Description: Review the QFI PM Solutions Fall 2023.

Description: Review the CFE SDM Solutions for Fall 2023.

Description: Join actuarial professionals and thought-leaders to uncover new insights and valuable opportunities at the 2024 SOA Virtual ImpACT Conference, taking place November 13-14.

Description: The article discusses the continued popularity of indexed UL insurance and possible reasons why a company's actual indexed UL earnings may be below their original pricing expectations for the product. The article discusses several key items that may be the source of that underperformance (e.g., hedge ineffectiveness, policyholder behavior) and the need to monitor earnings and perform analyses to better understand those potential sources.

Description: This article delves into the transformative realm of Business Intelligence (BI) tools. We explore the fundamental functionality and structure of these tools, and through case studies illustrate how they offer valuable insights into carrier experience and underwriting dynamics. From real-time data visualization to in-depth data analysis, discover the essential features that empower businesses to make better informed decisions.

Description: Read this report to learn more about interpretable machine learning techniques for health insurance fraud detection.

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: Learn more about improving the modelling of individual decisions.

Description: Learn more about the concept of total risk analysis, which is designed to answer key questions as decisions are made.

Description: This article is the result of the Leadership & Development book club on Dare Lead. The article talks about major themes in the book and relates them to other podcasts and authors thought on those themes.

Description: The Society of Actuaries Research Institute’s Catastrophe and Climate Strategic Research Program is pleased to release the following essay exploring the Actuarial Role in addressing Severe Thunderstorm Risks.

Description: Review the slides from the "Reviewing, Validating and Auditing Actuarial Models" presentation, presented at the Valuation Actuary Symposium in 2015.

Description: View the research report "Exploration of Lifetime Pension Pool Design Elements," which focuses on the applications of Benefit at Risk (BaR).

Description: How insurers can include a liquidity score and liquidity stress scenarios as part of their asset liability management (ALM) protocol.

Description: View the Notes From Intersector Meeting with the PBGC - October 6, 2023

Description: Review the case study for the Fall 2023 Enterprise Risk Management (ERM) Exam.

Description: Review the exam file for the Fall 2023 Strategic Decision Making (CFESDM) Exam.

Description: This is a paper from the session on the Aging Process at the January 15-18, 2023, 2023 Living to 100 Symposium in Orlando, Florida.

Description: Review the syllabus for the Spring 2024 Strategic Decision Making (CFESDM) Exam.

Description: Review the syllabus for the Spring 2024 Enterprise Risk Management (ERM) Exam.

Description: Review the syllabus for the Spring 2024 Quantitative Finance and Investment Quantitative Finance (QFIQF) Exam.

Description: Review the syllabus for the Spring 2024 Quantitative Finance and Investment Portfolio Management (QFIPM) Exam.

Description: Review the syllabus for the Spring 2024 Life ALM and Modeling (ILALAM) Exam.

Description: Providing ways to master the art of soft skills and embracing agility to propel actuarial success in today's market.

Description: In this article, we collected data from the companies’ roll-forward disclosures related to calendar years 2021 and 2022 on Market Risk Benefit and shared a high-level summary of the Market Risk Benefit volatility that a focus group of companies incurred and summarized the most common ways to mitigate volatility.

Description: View the Fall 2023 FSA Exam Book List.

Description: Celebrate the SOA’s 75th anniversary at the largest actuarial conference of the year! Network with industry leaders, employers, actuarial professionals and thought leaders and find solutions to your profession’s most complex challenges.

Description: Different mortality projection methodologies are utilized by actuaries across applications and practice areas. As a result, the MIM Advisory Group developed a single framework to serve as a consistent base for practitioners in projecting mortality improvement.

Description: View the RPEC 2023 Mortality Improvement Update report

Description: View the MIM‐2021‐v4 and MIM‐2021‐v3 Data Analysis Tool User Guide.

Description: View the MIM‐2021‐v4 and MIM‐2021‐v3 Application Tool User Guide.

Description: Plan ahead to attend the 2023 SOA ImpACT Conference in Indianapolis, IN, October 22–25. Come together to experience innovative events, new insights and valuable opportunities in the actuarial profession.

Description: This report introduces quantum computing to actuaries. In addition, this research will assess and identify areas in the insurance field where quantum computing can make a difference, accompanied with suggested algorithms.

Description: In today’s market of post-pandemic consolidation and org chart streamlining, we’ve observed significant changes to actuarial career development and advancement opportunities. But, those changes aren’t occurring in equal measures across the arc of the actuarial career. Our focus is on the impact felt by experienced reinsurance actuaries.

Description: Join our expert panel of three influential actuaries with diverse backgrounds for a dynamic seminar on mastering trust-building strategies that will transform your personal and professional life. In today's rapidly changing business landscape, trust has become more crucial than ever before, affecting everything from relationship-building to team dynamics and organizational culture. You'll leave ready to elevate your leadership impact and influence, both in and out of the office.

Description: How can we maintain our sanity while staring at the same screen all day, clicking into and bouncing out of meetings? To be successful in today's (remote) world, we must learn how to relate to individuals virtually. Topics include: How can we best establish a professional and dynamic presence while working remotely? How can we develop rapport with our virtual colleagues as well as with those working in the office? What is considered to be appropriate etiquette when interacting with a co-worker via a computer screen? How can we effectively collaborate while working from home? What is the best way to present to senior management without the ability to be in the room to read their body language? Hear from a panel of actuaries discuss their perspectives and lessons learned over the last few years on how to optimize our communication effectiveness in the virtual work environment.

Description: How can we maintain our sanity while staring at the same screen all day, clicking into and bouncing out of meetings? To be successful in today's (remote) world, we must learn how to relate to individuals virtually. Join us for this 'Choose Your Own (Virtual) Adventure' session during which the webinar attendees will direct the subtopics to be addressed by the remote panelists (i.e., polling will be enabled in real time during the session). You will participate in topics based on the audience vote, some of which include: How can we best establish a professional and dynamic presence while working remotely? How can we develop and maintain solid rapport with our virtual colleagues as well as with those working in the office? What is considered to be appropriate etiquette when interacting with a co-worker via a computer screen? How can we effectively collaborate on technical and non-technical content while working from home? What is the best way to present to senior management without the ability to be in the room to read their body language? Hear from a panel of actuaries discuss their perspectives and lessons learned over the last few years on how to optimize our communication effectiveness in the virtual work environment.

Description: ALM and hedging can reap significant benefits from innovation in computation and operations research. Explore applications of static and dynamic optimization in two different ALM and hedging use cases. Insurers are increasingly moving offshore by establishing Bermuda captive reinsurers. In calculating the Bermuda Best Estimate Liability ('BEL'), reinsurers will need to segment assets to support liabilities in each treaty. A Linear Programming ('LP') problem can be formulated to tactically select assets in a way that minimizes the BEL and consequently the total asset requirement. Learn more about what US Variable Annuity Insurers face with the regulatory requirement to reflect 'future hedging strategy' in their statutory funding calculation. The traditional numerical method of finding the optimal hedging target and then allocating assets may encounter the curse of dimensionality with expanding product and economic environment complexity. A Reinforcement Learning algorithm may well fit this problem and provide insurers a solution for dynamic hedging.

Description: The industry sees extreme value in predictive modeling and its ability to help us meet customer demands and remain profitable, but do customers and regulators look at this as a favorable addition to our process? Hear from a dynamic panel of industry experts who will tackle a variety of issues and questions from the state of the regulatory environment to the responsibilities of the carrier.

Description: As accelerated underwriting continues to evolve, it is a delicate balance to ensure these programs are managed effectively for both short- and long-term results. And there's debate about whether these programs are getting too aggressive. Join panelists as they share their viewpoints on the state of accelerated underwriting, the data sources, models, tools and techniques commonly used, how the landscape is destined to change with more dynamic approaches in underwriting, and how best to monitor these programs, and the impacts of these programs to carriers and the industry as a whole.

Description: The old adage 'insurance is sold not bought' has been used to dismiss digital insurance and support the old agent model of distribution. However, modern distribution systems address this with personalization. This is not simply a customized application form based on age or gender. Personalization is much more dynamic and happens in real-time. It's about tailoring the end-to-end experience to meet the needs and expectations of the specific applicant. The core tools to achieve this are AI learning and nudges from behavioral science.

Description: This article provides an overview of critical illness insurance: history, product description, and the three primary ways to offer critical illness coverage in the United States. This article also contains an illustration of an issue age premium rate calculation, as well as product features and rating applications specific to the various types of critical illness coverage.

Description: Learn what the Julia of the Julia-Python-R combination JuPyteR notebooks are named after! Julia is a programming language with several modern features to make actuaries' lives easier. It is highly capable for many tasks, whether you use it for modeling, data science, communicating results through interactive notebooks, or creating high-quality visualizations. It is a dynamic, interactive language that enables very fast computation while being as easy to learn and write as Python. Discover more about the programming language already used by the Federal Reserve, large banks, NASA, and many other industries. Julia Dive into an interactive walkthrough of the Julia ecosystem and how Julia is gaining adoption within the insurance space, while also using a range of open-source actuarial packages. You will explore how to elevate your analysis across different dimensions and distillg simpler ways to compose your actuarial models and analysis.

Description: Trends in mortality have a huge impact on the insurance industry and its products, risks and profitability. Worldwide, life expectancy has increased continuously over the past decades. However, this progress—even without considering the Covid-19 pandemic—has been subject to strong fluctuations. In recent years, an increase in volatility can be observed. Various aspects—medical science, environment, lifestyle—have influenced the trend in the past. How can the life and health industry move forward in these uncertain conditions? In this article, we examine what has gone before and what can be learned from a closer analysis. What are the main drivers of the historical increase in life expectancy? What characterizes the dynamics of the recent past? How can mortality be projected into the future? How good are our methods of prediction and what are the risks? What risk management options are available?

Description: New digital data known as alternative data is everywhere. Our industry has seen the financial, and hi-tech industries leverage new digital data to expand their key offerings and core services. From the lens of the global life and health industry, new digital data is still searching to be further understood. Risk assessment is a current focus area for using alternative data. A key question is even though risk assessment has always been data-driven, can it now move to the next level with the arrival of this alternative data. Can we use alternative data to make the risk assessment process quicker, cheaper, or faster thereby driving more sales and better conversion rates. It is an exciting time! With the increased adoption of health and well-being apps, data such as physical activity, nutrition, sleep, and mental wellness is now readily available. Expanded data such as digital biomarkers, IoT data, electronic health records and many more can also be accessed. However, how to effectively implement alternative data remains a challenge across the industry. We firmly believe it is, and will continue to be, imperative to take a structured approach to alternative data through a set of key considerations and a framework of principles.

Description: As the insurance industry continues to evolve due to a pandemic and rapidly changing economic and regulatory conditions, the role of data scientists and actuaries has become increasingly important. In an interview with the Atidot data science and actuarial team, we discuss what it is like to work at an InsurTech, how data scientists and actuaries can collaborate, and look at some concrete technical examples of where the innovation is having an impact. This article explores what collaboration can look like and how the role of data science and actuary may evolve in the InsurTech industry in the future.

Description: Predictive Analytics and Machine Learning – Practical Applications for Actuarial Modeling (Nested Stochastic) – Addendum

Description: This article studies the syllabus as a dynamic, interactive teaching tool that informs and is informed by both solutions of complex course problems and student difficulties with these problems.

Description: Future mortality improvement has been a common assumption in life insurance and annuity pricing and forecasting for many years. However, experience over the last decade suggests this might be an assumption that merits reconsideration in the United States. This article will take a closer look at factors that impact mortality improvement trends and discuss why insurers may want to reevaluate product designs to better manage the associated mortality risk. We then introduce a product idea with this in mind, where premiums are based on a life expectancy index and insurers share the risk (and opportunity) or mortality improvement with policyholders.

Description: Review the ERM Case Study for Fall 2023.

Description: 2023 Questionnaire for Daniel S. Pribe