Description: Describes substandard annuities and discusses the market opportunity for them, the associated risk management issues, and the issues companies need to address when competing in the substandard annuity market - underwriting, pricing, sales, administration, financial reporting and risk management practices.

Description: Survey results for 2008 produced by the Policyholder Behavior in the Tail Risk Management Section Working Group in which insurers were asked about assumptions used with respect to policyholder behavior in universal life policies with secondary guarantees.

Description: Research Objective The Society of Actuaries Research Institute General Insurance Research Committee is seeking researchers to identify and analyze the various by-component inflationary forces on pet insurance affordability in the United States and Canada. In addition, we seek ideation of potential solutions that are likely to improve the affordability of pet insurance.

Description: The Society of Actuaries released research in 2007, performed by Jim Toole, that develops a model for a U.S. individual life insurance company to consider its potential liability exposure as a result of a pandemic. Sponsored by the Mortality and Longevity Strategic Research Program Steering Committee, this paper updates several model assumptions including mortality in light of COVID-19.

Description: The Society of Actuaries (SOA) published its first COVID-19 research brief on March 10, 2020, followed by regular updates and expansions through June 12, 2020. The comprehensive report included a section of statistics that highlight the pandemic’s impact on economies in the U.S. and Canada. This report shows updates through September 30, 2020, to selected graphs from the Economic and Asset Impact section of the comprehensive report.

Description: This report provides an overview of Takaful as an alternative approach to insurance, focusing on its ethical principles, historical background, operational framework, comparison with conventional insurance, and the potential growth and impact on society. It analyzes Takaful as a Shari’ah-compliant financial service and its potential in international markets.

Description: This report is about the implications for actuaries from the ISSB and global climate-related financial disclosure standards, addressing standards, regulations, and actuarial involvement. It discusses the new ISSB standards, their requirements, and the role of actuaries in climate risk management.

Description: This document is a report discussing the challenges faced by the insurance industry due to climate change, focusing on availability, affordability, and adequacy of insurance in areas impacted by climate-related risks. It covers expert panel discussions, factors influencing insurers, market gaps, solutions, and funding sources.

Description: This report was prepared to provide an overview of pension risk transfer for use in the educational curriculum of the Society of Actuaries. It presents general principles and highlights major differences between Canada and the U.S. from a life insurer’s perspective. The focus is on group annuities, which are the most common solution for pension risk transfer.

Description: The purpose of this analysis is to provide a practical set of changes to the incidence rate modifiers of the 2013 Individual Disability Income Valuation Table to reflect recent industry individual disability income (IDI) claim experience trends from 2005 through 2015. The goal is to have resulting 2005-2015 experience-based incidence modifiers in a workable format to facilitate its use.