Description: The American Academy of Actuaries announces the inaugural Award for Research, to be awarded to an early career scholar for the best research from an actuarial perspective. The theme for this year is Climate Change/ Climate Risk.

Description: Insurance companies are heavily regulated in every country with a well-developed financial system, with the regulation focusing primarily on solvency. The new regulatory system with an emphasis on introducing the risk-based capital regulation has been developed or revised in various jurisdictions in the past three decades. Risk-based capital (RBC) regulatory systems were first introduced in Canada in 1992 and in the United States in 1994. The National Association of Insurance Commissioners (NAIC) in the United States started its Solvency Modernization Initiative (SMI) in 2008, with the aim of reevaluating its RBC system. The most recent adoption of an RBC system was the implementation of Solvency II in the European Union (EU) in 2016, with a focus on the group supervision applied at both domestic- and foreign-market levels through internationalized insurance groups. This article will discuss the theoretical rationale for insurance solvency regulation, the general equilibrium framework needed to design and evaluate solvency regulation, and the cross-border impacts of solvency regulation, especially when regulation standards are inconsistent across countries.

Description: This article provides a status report on the criteria for achievement of the CAE Centers of Actuarial Excellence designation.

Description: This article discusses how to get data into and out of R, an open source language for statistical computing.

Description: Discussion of the need to find a balance between work and career and tips on how to achieve it.