Description: Review the ERM Case Study for Fall 2024.

Description: Review the RETDAU Exam for Spring 2024.

Description: Review the RETDAC Exam for Spring 2024.

Description: Review the ILALAM Exam for Spring 2024.

Description: Review the GIFREU Exam for Spring 2024.

Description: Review the CFESDM Exam for Spring 2024.

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

Description: View the Effectiveness of Health and Wellness Programs Report

Description: List of sessions and presenters.

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

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: 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: 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: 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: August edition of the Catastrophe & Climate Newsletter.

Description: Market Volatility Risk in an Era of Extreme Events

Description: Spring 2023 Exam ILALAM

Description: Spring 2023 Exam CFESDM

Description: Spring 2023 Exam ERM Case Study

Description: Spring 2023 Exam GHVRC

Description: Spring 2023 Exam QFIPM

Description: The objective of this paper is to provide a practical guide with concrete case studies to help actuaries implement artificial intelligence and machine learning (AIML) to help accelerate the speed of analysis for life and annuity actuarial modeling. We do so by researching the existing literature regarding AIML and its applicability to stochastic modeling and exploring case studies.

Description: The global doubling of information content has been estimated to occur at a rate of every 12 hours, and conceivably faster. This ‘infowhelm’ is a double-edged sword for insurers. While maximization of the global knowledge base can fuel innovation, it can occur only in the context of reasonable cost for a higher benefit. The insurance industry – underwriters and actuaries in particular – are challenged to constantly examine new innovations that promise to raise confidence and protective value for insurability, within legal limits. This report aims to be the first of several to alert the SOA of promising innovations for the profession.

Description: Review the QFIPM Syllabus for Fall 2023.

Description: View the Fall 2023 Quantitative Finance And Investment—Quantitative Finance.

Description: Review the ERM Syllabus for Fall 2023.

Description: View the CFE - Strategic Decision Making Exam - Spring/Fall 2023.

Description: Review the ILALAM Syllabus for Fall 2023.

Description: Spring 2023 FSA Exam Book List

Description: The Society of Actuaries’ Committee on Finance Research is pleased to make available a research report covering the extent to which investment sectors have been contagiously affected by major disasters.

Description: The journey for microinsurance, nowadays called inclusive insurance, started a long time ago and is not complete in the majority of the low-income and low middle-income markets. When seeking to enhance inclusive insurance markets, it is useful and necessary to have a good understanding because it entails a different treatment of customers, distribution, products, pricing, client management, premium collection, claims declaration and settlement, and reporting.

Description: With long duration targeted improvements in the U.S., and IFRS 17 in other countries, the insurance industry is currently undergoing the adoption of two of the most significant accounting changes in recent history. While the scale of these specific events are infrequent, change is the norm in the world of insurance and life of an actuary. We live in a dynamic environment that will continue to bring challenges in how companies make decisions in order maximize their value and return on capital. Capital management requires an ability for insurance companies to take corporate actions and understand the impact this will have on both the current and future available capital. Being able to make optimal decisions when the goal posts are subject to frequent and material shifts in accounting regulation is a difficult process. It requires holistic consideration of all tools available to manage capital and how KPIs can shift in their measurement under new regimes. By attending the session, you will: Discuss the challenges that companies have in managing capital in an ever evolving environment, what steps they have taken in managing the current scope of accounting change, and how they can be prepared for adjustments in the future.

Description: Oliver Wyman will share results from their recent Fixed and Index Annuity experience studies. Discuss fixed annuity dynamic lapse experience and learn about cross impacts of mortality and lapse on GLWB utilization. By attending the session, you will: - Understandg industry experience trends. - Comprehendindustry dynamic lapse experience for fixed and index annuity products. - Learn about areas of cross impacts of mortality, lapses and GLWB utilization.

Description: Discuss policyholder behaviors that evolve throughout the life cycle of a typical VA annuitant, with supporting data from industry-level experience studies during this interaction session. The following behavior assumptions and their implication under accounting/regulatory requirements will be covered: - Separate account/fixed account allocation and transfers - Deposits - Surrenders - Withdrawals - Income utilization - Mortality By attending the session, you will: - Identify policyholder behaviors that would transform at different stages of life cycle. - Understand key aspects of industry-level policyholder behavior experience. - Form a dynamic view in the assumption setting.

Description: This Fast Facts document summarizes the Phase 2 Report of the Communicating Defined Benefit Risk project.

Description: Compound Weather Extremes/Cascading Events research proposal request 2023.

Description: View the ARCH Programs

Description: View the Portfolio Optimization with a Guaranteed Minimum Maturity Benefit and Risk-Adjusted Fees

Description: A Case Study on Climate Change Impact on Home Prices Utilizing Bayesian Network Qualitative to Quantitative Analysis.

Description: This project enhances the current understanding of cyber risks in the smart home ecosystem from the insurance industry's perspective. In particular, the quantitative framework and pricing strategies developed in this project can be immediately adopted/adapted by actuaries to price the cyber risks for smart homes, a fast-growing insurance market.

Description: The Society of Actuaries Research Institute’s Aging and Retirement Strategic Research Program is pleased to make available a report that explores stakeholder views in Minnesota on the efficacy of a public catastrophic long-term care insurance program at the state level.

Description: View the ERMINV Exam Solutions

Description: View the ERMGI Exam Solutions

Description: View the QFIQF Exam Solutions

Description: View the ERMILA Exam Solutions

Description: View the ERMGH Exam Solutions

Description: View the QFIPM Exam Solutions

Description: View the ERMRET Exam Solutions

Description: View the ILALFMU Exam Solutions

Description: View the ILALPM Exam Solutions

Description: View the CFESDM Exam Solutions

Description: Join us for the Pandemics & Paradigm Shifts: ERM in an Intensely Dynamic World panel discussion, where industry and regulatory perspectives will help provide insight into a number of topics. Expect interactive dialogue opportunities based on the conversation between the panelists and the audience. Key topics that will be conversed about, but the panel is not limited to, include a brief review of historical paradigm shifts and subsequent insurer failures, best practices and an outlook on the ultra-dynamic world of today and consideration of a company's enterprise risk management framework as it affects ratings and insurance department examinations.

Description: View the ERM Spring 2023 Case Study

Description: Discover the rapidly developing health and wellness industry during the Use of Health and Wellness Data in L&H Risk Assessment webcast. Our discussion includes the maximization of data usage through several different means, including current risk selection, creation of a dynamic ongoing assessment offering or substitution of traditional underwriting information to shorten the underwriting process. Come explore these different approaches as they affect the health and wellness industry. We will express the importance of a constantly changing data usage environment in order to better prepare insurers to maximize their data and drive health and wellness forward.

Description: List of presenters at 2022 Life Meeting.

Description: 1332 State Innovation Waivers have been in place for a number of years and allow states to implement programs that increase access and affordability of health care coverage. While nearly all waiver programs in effect in 2021 employ a reinsurance program, a number of states have been exploring other ways to structure a waiver program, including an introduction of a public plan option in ACA individual market. A public option plan aims to further increase access to coverage and affordability by offering a new qualified health plan, typically with a lower premium relative to existing plans. Wakely looked at states where a new issuer entered a market as a low cost plan, to better understand plan enrollment migration (how many members switch to the low cost carrier), competitors’ reactions, and the reduction in premium needed to incentivize members to take up coverage. This market dynamic closely mimics the effect of a public option plan that offers lower premiums. The analysis showed mixed effects of a low cost plan introduction in ACA markets, with minimal impact on the uninsured, but with improved affordability, particularly for the unsubsidized. Find out more about detailed observations from this analysis. After the session, you will be able to: •Understand the implications lower cost/public option plans have on market enrollment (subsidized and unsubsidized), number of uninsured, plan metal mix changes, premiums (gross and net of subsidies), and issuers’ profitability in the individual market. •Discuss considerations around introducing new lost cost plans, whether in the form of new commercial carriers or a public option plan, to an area.

Description: View the Implications of Evolving Technology in Auto Insurance Expert Panel Discussion.

Description: SCHAUMBURG, Ill. and WINDSOR, Conn. December 15, 2022 – The Society of Actuaries (SOA) Research Institute and LIMRA today announced the launch of their new Experience Studies Pro series.

Description: This study presents a comprehensive approach of real option analysis to climate adaptation policies aiming to mitigate flood risk. The framework focuses on pricing catastrophic risk in coastal regions, allowing for economic growth and uncertainty in the mean sea level rise.