Description: The management of the investments of an insurance enterprise has undergone a considerable evolution since the pioneering work of Redington in the mid 20th century. Best practices have evolved to incorporate ever more complex insurance liabilities, expanding investment asset classes and global market opportunities. Strategic asset allocation (SAA), liability driven investing, and other robust optimization approaches form the core of the professional management of insurance company investments.

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: Report of recent IAA event in Tokyo.

Description: This session is based on research sponsored by the Society of Actuaries Mortality and Longevity Strategic Research Program, the Canadian Institute of Actuaries, and the Institute and Faculty of Actuaries to develop new methods and tools to enhance current mortality modeling and measurement actuarial practices. The presentation will discuss research accomplishments to date including a new mortality dataset that subdivides the U.S. population by education level and provides insightful analysis on mortality inequalities and mortality by cause of death. Additionally, research currently being performed or planned will be explained.

Description: Heart disease, critical illness insurance and the path to change – a personal essay by Jing Lang, FSA, FCIA, FLMI.

Description: Living to 100 symposia are held every three years and they offer a mix of technical content, leading edge speakers on biological and societal developments and implications for society of developments in mortality. They provide insight into areas of controversy. These are multi-disciplinary discussions. This article offers some highlights from the 2020 Living to 100 focused on retirement actuaries.

Description: The article examines the impact of the COVID-19 pandemic on U.S. mortality trends, noting that despite a decrease in COVID-19 deaths due to better treatments and vaccinations, excess mortality persists, especially among younger adults due to accidental causes. It discusses the challenges of predicting future mortality trends, considering factors like medical advancements and societal changes. The article also highlights the potential of new medical technologies and AI to significantly improve health outcomes in the future. Overall, it underscores the complex interplay of various factors influencing mortality in the post-pandemic era.

Description: Feature article with helpful hints on video conferencing and more!

Description: Two recent SOA research projects will be discussed. The first covers analysis of the drivers of mortality that shaped trends in US mortality. The second will look at using causes of death to predict future mortality improvements