Description: The SOA Board of Directors met in Baltimore, MD, June 22–23 to strategize and address key business initiatives. Topics included the refresh of the SOA strategic plan, artificial intelligence (AI) and its impact on the actuarial profession, growing the pipeline of actuarial candidates and members, and the evolution of the SOA’s professional interest sections.

Description: The Society of Actuaries (SOA) has provided comments on the draft definition to the NAIC.

Description: Organizations representing the actuarial profession in Canada and the United States have applied an improved methodology to the Actuaries Climate Index® starting with newly released ACI data for fall 2018, and the latest data show the previously reported upward trend in the key five-year moving average ACI metric continues.

Description: With climate risk issues receiving increased focus in 2020 and poised for even greater attention from the public and public policymakers in 2021, the Actuaries Climate Index continues to provide important up-to-date data for discussions on climate policy.

Description: Focusing on closed and open pools, hurdle rate policy, and delayed recognition of gains and losses, the report contributes to ongoing discussions and paves the way for informed decision-making in the implementation of lifetime pension pools.

Description: The Society of Actuaries (SOA) and its Financial Reporting Section (FRS) announce the launch of The International Financial Reporting for Insurers (IFRI) book. This resource is a collaborative effort between actuaries and accountants to help understand the concepts behind financial reporting under the International Financial Reporting Standards® (IFRS) issued in May 2017.

Description: NAIC Approves SOA GI Track for Qualified Actuary Education.

Description: Schaumburg, IL, June 23, 2022 – The Society of Actuaries (SOA) has recognized Nanyang Technological University in Singapore and the University of California, Santa Barbara (UC Santa Barbara) in the U.S., as Centers of Actuarial Excellence (CAE). These two universities join the ranks of 35 other CAEs around the world.

Description: News release about two new CAE schools.

Description: The author highlights the unappreciated social challenge looming, the significant number of widows from the baby Boom generation. There are financial vehicles that address these risks but no easy answers to the added risks and expenses that women bear by having longer life expectancies.