Description: 2023 looks to already be the costliest year for insured severe thunderstorm damage in the U.S. surpassing the 2020 record of $44 billion, by August, and may very well surpass $50 billion for the full year. In addition to property damage, severe storms and hail have led to fatalities in the U.S. and the risks to populations in vulnerable structures seems to be worsening.

Description: Discuss a comparison of the U.S. general and insured population mortality experience and how COVID-19 and non-COVID-19 excess deaths impacted the populations differently. Discover the population mortality experience in the UK with a focus on the recent emergence of excess deaths for non-COVID causes. The long-term implications on the insured population will also be explored. Wrap up with a discussion of different conditions of long COVID, including organ impairments.

Description: Discuss a comparison of the U.S. general and insured population mortality experience and how COVID-19 and non-COVID-19 excess deaths impacted the populations differently. Discover the population mortality experience in the UK with a focus on the recent emergence of excess deaths for non-COVID causes. The long-term implications on the insured population will also be explored. Wrap up with a discussion of different conditions of long COVID, including organ impairments.

Description: The SOA Research Institute conducted an online survey of 2,000 U.S. respondents about their perspectives on climate risks. Majorities say extreme weather has impacted their health, property, communities and feelings of general safety. Read the report for details and peruse infographics on findings from other climate risk studies by the SOA Research Institute.

Description: 2020 and 2021 presented numerous challenges to life and annuity product development actuaries. External forces required carriers to rethink underwriting requirements and risk assessment in real time. Alterations in regulatory frameworks and statutory requirements forced changes to product development priorities while alterationsin the work environment forced changes in how work routines were structured. This session will bring together a group of life and annuity stakeholders to discuss how they addressed these and other challenges, and how their work will be impacted going forward.

Description: The SOA Research Institute Mortality & Longevity Strategic Research Program and the Catastrophe & Climate Strategic Research Program Steering Committees [The Committees] are seeking researchers to investigate the impact of outdoor air quality and pollution on morbidity and mortality, with a focus on climate change including the impacts of wildfires focusing on regions where air quality has deteriorated significantly in recent history.

Description: Fifty-three percent of Americans responding to a survey conducted by the Society of Actuaries (SOA) Research Institute reported that extreme weather events – including hurricanes, tornadoes, heatwaves, wildfires and flooding – have adversely affected their health.

Description: July 2023 was the hottest month on record in parts of the Southwest U.S. and was also the hottest month on record globally. It will be helpful to study the impacts of excessive heat and the applications to actuarial practice including quantification of risks resulting from it.

Description: The world of climate risk disclosures has seen dizzying levels of change in the last few years. In 2023, many regulators have publicly issued guidance on what insurance companies and other FIs should look to disclose. So what are we seeing in these disclosures and how do we use this information? Join our panel of experts to learn about the evolution of U.S. life insurance industry's climate disclosures and how insurers of all sizes and complexities are responding to NAIC's requirements.

Description: Newly released spring 2019 data added to the Actuaries Climate Index show that more frequent extreme weather and increases in sea level continue to push the index upward. The ACI’s five-year moving average now stands at 1.16, up from 1.12 last quarter.