Description: This report presents results for industry long-term care insurance persistency.

Description: This project has four phases. Phase 1 develops the framework for using a portfolio approach to developing retirement income strategies, and establishes a baseline for comparing to future phases. Phases 2, 3 and 4 analyze more complex retirement income solutions than Phase 1, to determine if the additional complexity improves projected outcomes and can be justified by the potential to deliver more favorable results. Interim reports have been prepared for each phase and can be found on the SCL and SOA websites. This report integrates the findings and conclusions from the Interim Reports, to help plan sponsors and their advisors consider the various goals, RIGs, and retirement income solutions that were analyzed in all four phases. This report references the analyses from the interim reports, but does not replicate all of these analyses. The Interim Reports provide many more details on our analyses for all four phases and should be used in conjunction with this report.

Description: To provide a quantitative model to identify potential business disruptors and quantify their impacts.

Description: This podcast series is an exploration of the paper “Long Term Drivers of Future Mortality” written by Yair Babad and Al Klein. The podcast aims to raise awareness of the paper's valuable insights and make it a useful resource for actuaries, underwriters, insurers, demographers, academics, economists, public health officials, and others involved in estimating future mortality trends and their implications.

Description: The document is a report on U.S. Population Mortality Observations updated with 2022 experience by R. Jerome Holman, FSA, MAAA. It covers mortality trends, analyses by factors like sex, age group, and cause of death, and includes methodological details for the data presented.

Description: The Society of Actuaries (SOA) Research Institute released an updated report summarizing current issues regarding actuarial technology. In March 2022, for a second time, the SOA Research Institute gathered a panel of insurance industry experts for an update on current actuarial technology topics to help identify directions for future research efforts. This report summarizes their discussions on the Actuarial operating model, technology risk and open-source software.

Description: The Society of Actuaries (SOA) Research Institute released a report summarizing the InsurTech Insights Americas conference held May 24-26, 2022. InsurTech, a concept created 10-15 years ago, is maturing and currently western financial markets are recording a downward trend while inflation is rising. While this downward pressure on financing makes investors more cautious, stakeholders are working towards partnerships to improve the overall effectiveness and purpose of the insurance industry.

Description: Decentralized insurance alternatives is a rapidly expanding sector of Decentralized Finance (DeFi), an emerging and growing financial ecosystem powered by blockchain technologies. The purpose of this report is to review and discuss the business models and operating designs of decentralized insurance alternatives, which may have significant implications for traditional insurance businesses, as well as the actuarial profession.

Description: This project pertained to the development of anew Actuarial Science Learning Community model, involving four types of students' engagement: academic coursework, residential life, research, and professional development. The model provided students an immersive exposure to Data Science from the Actuarial perspective, which will result in Actuarial students greatly expanding their skill set and future job opportunities, at the intersection of Actuarial Science and Data Science.

Description: Non-guaranteed elements are parameters of life insurance and annuity polices that are not fixed when the policy is issued but may be changed from time to time by the insurance company.