Description: The Society of Actuaries announces the release of a new report that will provide a resource for the insurance industry to learn about image recognition technology. Authored by Kailan Shang, the report explores the current status of image recognition technology, models for image recognition, and various possible applications of image recognition to insurance.

Description: Supporting excel file for April 2021 weather extremes.

Description: Decentralized finance, or DeFi, is an emerging financial system powered by blockchain technology. This research report aims to introduce actuaries to DeFi and help them develop a solid understanding of DeFi. It will begin with addressing “what is DeFi?” by providing an introduction on blockchains and DeFi. It will then discuss in further detail the key characteristics, applications, opportunities, and risks of DeFi. After providing the foundation, this report will discuss the potential adoption of DeFi and its interaction with the current financial system (sometime referred to as traditional finance for contrast with DeFi), and the implications for practicing and aspiring actuaries. In addition, a glossary of terms used in DeFi and a brief history of the development of DeFi have been included in the appendix.

Description: The Society of Actuaries and the Retirement Income Institute, a project of the Alliance for Lifetime Income, are partnering to explore ideas and thoughts on identifying current and alternative means of achieving and measuring retirement income adequacy. In issuing this call for essays, the organizations aim to gather perspectives, opinions and data on how to advance the state of effective retirement planning to assist individuals, actuaries, financial advisors, employers and other stakeholders.

Description: The webpage with the definition and the mortality tables for simplified issue business developed by the Society of Actuaries and the Academy of Actuaries.

Description: A report analyzing the cost of care for deceased cancer patients over the last six months of life.

Description: This document is a Request for Proposals (RFP) outlining a proposal request on the impact of the U.S. drug abuse epidemic on mortality, focusing on opioids. It provides details on the background, purpose, research objectives, proposal requirements, selection process, and conditions for submitting a proposal.

Description: The Chinese insurance market is grappling with product innovation, business growth and regulatory oversight as it tries to keep pace with a sharp growth in demand across product segments. In this context, the authors have highlighted insurance trends in China, based on available research and literature, with a particular focus on topics that will drive the enterprise risk management (ERM) function of insurance companies. ERM provides an opportunity for insurers to identify and mitigate potential insurance risks by enhancing their policies and risk management activities. This report explores the insurance trends in detail, drawing on findings from interviews of practitioners in the Chinese market, to provide context for the drivers of ERM transformation.

Description: The world is facing a complex and rapidly evolving landscape of risks that threaten global stability and prosperity. From escalating geopolitical tensions and trade conflicts to the looming specter of economic downturns and disruptive technological change, a perfect storm of emerging risks is challenging governments, businesses, and individuals alike. As the interconnected nature of our globalized world amplifies the potential impact of these risks, it has become increasingly crucial for decision-makers to understand and proactively address the multifaceted challenges that lie ahead. This article will explore some of the key emerging risks and their implications, offering insights to help navigate these turbulent times.

Description: The Society of Actuaries Research Institute (SOA) is interested in collecting thoughts and perspectives on specific opportunities for avoiding or mitigating potential unwanted bias in the products and processes associated with life and annuity insurance processes. Results of this call for essays are intended to meet two objectives: (1) Increase awareness of the potential for unwanted bias that may exist in a specific process, part of process, or method that may currently be used in any point along the entire product value chain for life or annuity insurance products; and (2) Offer methods, techniques, procedures, or approaches for eliminating or reducing the likelihood that unwanted bias could exist in that specific process, part of a process, or method.