Description: This report presents research into recent population mortality experience as it pertains to development of mortality improvement assumptions for measuring obligations of retirement programs in the United States.

Description: The Society of Actuaries (“SOA”) Health Section engaged Milliman, Inc. to conduct a study of group long-term disability (“LTD”) benefit offsets, which Milliman first performed for the SOA in 2008 and reported in July 2009. As with the earlier study, the 2012 Study investigates the percentages of LTD claimants who are receiving disability benefits from sources that offset their LTD benefits, the level of these offset benefits relative to pre-disability earned income and how they are affected by the duration of disablement, age at disablement, gender, industry, state of residence and medical conditions causing the disability. In addition, the 2012 Study investigates the distribution of Social Security approval dates by duration of disablement.

Description: This report aims to help actuaries and other interested parties to define the relative differences in managing risks between the insurance and banking industries. This report guides actuaries and others about change risk management practices to prevent future financial failures. The paper seeks to examine what factors account for the differences in the United States, compared with Canada about the underlying causes and effects of the most recent crisis with financial institutions.

Description: In summary, the goal of this report is to foster better industry-wide education, training and practice that decreases the future range and scope of what leading risk management professionals will henceforth label as being unpredictable as events now commonly thought to be so.

Description: The material contained herein does not represent an official position, statement, or endorsement on behalf of the Society of Actuaries or its members, nor should the material be construed to do so. This work is the product of a research effort commissioned by the Society of Actuaries to add to the library of resource tools and further knowledge in this area.

Description: This report aims to expand our understanding by providing a methodology to quantify uncertainty in risk assessment.

Description: The goal of this paper is to examine similarities between value investing and enterprise risk management (ERM) methods.

Description: Overview of the prevalence of employer withdrawals from multiemployer pension plans in the United States and their impact on the multiemployer pension plan system.

Description: Multiemployer Pension Plan Stats

Description: The research provides a modeling framework for assessing the inundation risk of properties and their expected flood damages, thereby laying a foundation for flood insurance pricing. The researchers studied over 50 years of claims data from the National Flood Insurance Program with 2.5 million records and identify property characteristics that predict flood damages for inundated properties. The development of a private flood insurance market benefits from insurers’ ability to better understand and price flood risk. This research takes a closer look at flood risk modeling and flood insurance pricing.