Description: New insurance product concept to cover elder care

Description: Digital Long-Term Care Insurer for the Post-Coronavirus World.

Description: Most industry professionals acknowledge that funding retirement needs will almost always require disciplined savings over a period of decades. Today, we are less than 30 years from the second half of the 21st Century. However, a majority of the Millennial and Gen Z generations are either not eligible for or are not using today's tax-preferred options for funding retiree medical and Long Term Care (LTC).

Description: Following the successful SOA Virtual Health Meeting this June, this half-day seminar provides select health sessions that would be of interest to our members and stakeholders outside of North America. Presenters will discuss a variety of health-related topics, including personalized disease risk prediction, how technology will impact future health care costs, and a focused look at long-term care insurance in China.

Description: The Society of Actuaries (SOA) has recently looked at retirement risks and consumer attitudes in a variety of projects around the world including the United States, Canada, Asia Pacific and Latin America markets. Experts will address the following, how do these different markets stack up in relation to consumer sentiments, the use of financial advisors and retirement product interests around the world? Participants will also learn about a variety of risks and opportunities, product features, consumer retirement aspirations, and see which markets are industry leading.

Description: The widening gap in life span between high- and low-income Americans may be eroding the progressivity of Social Security retirement benefits. Differential longevity trends have had the effect of raising lifetime benefits for high earners but not for low earners. Social Security’s long-term financial problems result in part from an increase in average life expectancy driven by wealthier people living longer, and, thereby, collecting more benefits. Policymakers should not use funding shortfalls attributable to these trends as an excuse to cut monthly benefits alike for those who have gained (high earners) and for those who haven’t (low earners).

Description: Big data, predictive analytics, machine learning and AI will likely transform the insurance market and the actuarial profession. The actuarial profession is seeing changes many markets, including health and property and casualty. This article describes these trends and provides an introduction into what companies and the Society of Actuaries (SOA) are doing to adapt and capitalize on these trends.