Description: Climate change is occurring. As a result, insured and uninsured losses are increasing. Billion-dollar (CPI adjusted) disaster events have increased in each decade in which they have been tracked since 1980.

Description: This project aims to understand pension participants’ investment and withdrawal behaviors and provide guidance in pension plan design, using data from China

Description: After research involving auto insurance is retracted due to fraud, I revisit my own book review and unskeptical quoting of that now-debunked research. A lesson in ASOP 23, on Data Quality, ensues, as it seems data in the research was falsified. There is also a lesson in ASOP 56, Modeling, which includes aspects of relying on outside experts for model input. At the end of it all, the value of our actuarial professional standards, in light of other professions seemingly having no standards (or no serious repercussions for breaching said standards), shines through. Also, be skeptical of 'one simple trick' approaches to transform the insurance industry.

Description: Inspired by the Wall Street Bets / GameStop stock episode in January 2021, this article outlines the market mechanics and risk considerations that lead to market failure. The consequences of unfilled buy orders, unfilled short sell orders, and more short shares than long shares are all explained. Also, some steps to protect a financial institution that has been caught shorting a popular company are explored.

Description: Ask several actuaries what they do all day, and their responses start to sound similar. Each will tell you in their own way, “It’s never the same!” Learn more.

Description: This paper outlines a statistical modeling framework for fitting mortality laws to mortality experience data. The process can be used as an alternative to traditional graduation techniques used in mortality table development.

Description: The SOA is accepting applications for the predictive analytics pilot certificate program. It consists of six e-learning modules and in-person, two-day seminar.

Description: This section supports the unique needs, professional development and best practices of actuaries in smaller insurance companies.

Description: If you're new to the actuary profession, this SOA section will help you stay on top of current trends, develop your skills, and network with other colleagues.

Description: UCAP Listing for Le Moyne College