Description: This paper examines concepts from both financial economic and actuarial science as applied to defined benefit schemes using a simple discounted cash-flow framework as a reference point. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: 2011 SOA International Financial Reporting for Insurers Seminar, Hong Kong. This is a spreadsheet associated with Session 26 – 'Presentation Workshop' held at the 2011 SOA International Financial Reporting for Insurers Seminar in Hong Kong. This spreadsheet facilitated the objectives of the workshop which focused on building the statement of comprehensive income using the exposure draft approach.

Description: The first objective of this paper is to test the hypothesis that higher levels of income inequality are directly related to lower levels of population health with updated data from around year 2000. The second goal is to examine the inequality-health relationship across the life course with particular focus on old age when income distributions often shift dramatically.

Description: This paper examines different objectives in managing credit concentration risk. The suitability of different measures and presentation techniques is discussed and illustrated in the context of a case study.

Description: Presented at the Living to 100 Symposium, January 2011. Long-term care LTC insurance is frequently not covered by national social insurance programs. When costs are expressed as a percentage of gross domestic product, the future burden of financing LTC would not lead to unbearable tax levels and is not particularly large in comparison to the projected costs for pensions and health care. After identifying the breadth of definitions of LTC needs, it is argued that LTC is an insurable risk. The paper concludes that LTC social insurance is affordable in developed countries.

Description: The International Experience Survey/Study IES is a pilot study being conducted by the Society of Actuaries to provide actuaries with practical information on experience in emerging and other markets outside of the United States and Canada. The IES has evolved from being a survey of multi-national company experience to national studies directed by actuaries from the data contributors located in the country under study. This report follows this evolution by dividing results into two major subdivisions of results: • Survey: The survey presents high-level results that facilitate comparisons of experience between different countries. • National studies: In depth studies of experience in countries directed by local actuaries to present more comprehensive results

Description: This report presents the results of a survey conducted in August of 2008 on foreign travel underwriting practices of reinsurance companies.

Description: How is extreme weather impacting you? If you live in California, you may have been impacted by the atmospheric rivers unleashing record-breaking rain and snow last winter. If you live in Canada or near Canada, you may have been impacted by the wildfires raging last spring. NASA has declared that the summer of 2023 was the hottest on record. Americans are noticing these changes. In a survey conducted by the Society of Actuaries (SOA) Research Institute, the majority of Americans have reported that extreme weather events-including hurricanes, tornadoes, heatwaves, wildfires, and flooding-have had negative impacts on their health (53%), property (51%), communities (58%) and feelings of general safety (65%). In this session, the presenters will discuss the science behind climate change and the associated risk. At the end of this session, participants will be able to: - Define key terms relating to climate change - Describe the causes of climate change - Describe the impact of climate change our ecosystem, property, and population health. - Describe the impact of climate change on the day-to-day work of actuaries

Description: The SOA has been continuing to highlight the importance of societal purpose across the global actuarial profession, and as a way to attract and retain the next generation of amazing exam candidates and young members. This session will highlight the variety of activities that the SOA and actuaries of all ages are involved in to further drive the profession's societal purpose.

Description: Article from Pension Section News, May 2007, No. 64, discusses outcome-oriented approach to defined benefit investing. Instead of focusing on market indices, the focus is on achieving a specific real-world outcome for the defined benefit plan.