Description: This paper outlines a framework for managing life insurance company surplus. This framework can be used to assess capital investments, control the amount of capital used, monitor return on capital, and take actions when results deviate. From Transactions of Society of Actuaries 1986, Vol. 38.

Description: The article traces a broad history of the types of models used for loss reserving, with comment on where this may lead in future.

Description: This article offers a comprehensive approach for “lean” model risk management (MRM), i.e., the management of an MRM program with few or possibly one employee devoted to the role. It explores key objectives of an MRM program, essential process elements, tips for efficiency, and examine the use of artificial intelligence (AI) in the models themselves and as a tool to increase efficiency of the program.

Description: This article discusses the publication of the “Encyclopedia of Quantitative Risk Assessment”

Description: The Society of Actuaries (SOA) Board of Directors voted at their June 11-12, 2022 meeting to approve a transition extension for certain Fellow of the SOA (FSA) candidates. The extension applies to Fellowship candidates who attained the ASA designation by July 1, 2018. These candidates are exempt from passing the Predictive Analytics exam if they complete all requirements for FSA (including the Fellowship Admissions Course) prior to the new deadline of January 1, 2024.

Description: Society of Actuaries Names New Recipients of James C. Hickman Scholars Program

Description: The editorial board of the North American Actuarial Journal (NAAJ) announces the recipient of the NAAJ Annual Prize for the best paper published in 2023, “The Economic Impact of Extreme Cyber Risk Scenarios,” coauthored by Martin Eling, Mauro Elvedi, and Dr. Greg Falco. The NAAJ is the scholarly journal of the Society of Actuaries (SOA).

Description: The SOA has recognized the actuarial programs at Purdue University, West Lafayette, IN, and Robert Morris University, Moon Township, PA, as University-Earned Credit (UEC) Centers of Actuarial Excellence (CAE).

Description: A news release announcing the winners of the 2024 Student Research Case Study Challenge.

Description: The Society's Group Disability Insurance Experience Committee has completed their study of termination experience for the period 2009-2017. Included is a preliminary report, consolidated database (CDB), pivot tables and appendices.