Description: Read the October 2018 issue of CompAct published by the Technology Section.

Description: A discussion on the use of technology in insurance.

Description: As the insurance industry struggles along with the rest of its financial services brethren to operate in the current global recession, it must consider the true value of innovation. Insurers should reduce the focus on improving what they know how to do and look to what they could be doing in light of the change that swirls around them.

Description: RFP on Cross impact between Predictive Analytics and Actuarial Transformation initiatives

Description: On November 30, 2021, the SOA Research Institute assembled an industry expert panel to discuss current issues in actuarial technology. Each participant who volunteered to be part of the discussion was selected because of their management-level responsibilities for the application of technology in an actuarial context. The group was diverse in terms of employment, including company actuaries from life, health, and property/casualty backgrounds, as well as consultants from various kinds of firms.

Description: The Society of Actuaries (SOA) sought to investigate methodologies and characteristics associated with actuarial innovation, aiming to expand the industry’s capabilities for creativity. The SOA engaged Milliman to conduct in-depth interviews and focus groups with select actuaries who have demonstrated innovative skills, in order to derive key behaviors and characteristics that encourage innovation.

Description: On January 12, 2023, the Arizona Blockchain Applied Research Center (AZ BARC) and the SOA Research Institute jointly ran a workshop on the use of blockchain technology in insurance and financial industries. The workshop included presentations focused on academic research in the blockchain space by Arizona State University, AZ BARC and an industry expert panel assembled by the SOA Research Institute. This document summarizes the research highlights and the discussions that occurred during the two-hour workshop.

Description: This study explores the use of geospatial imagery and high-resolution image technology in the property and casualty (P&C) insurance industry, focusing on improving risk determination through accurate building location data. It introduces new methods like structure footprints and high-resolution elevation information to enhance underwriting, rating, and claims settlement. The study includes two case studies: one on flood risk in Hillsborough County, Florida, and another on wildfire risk in three California communities, demonstrating the significant impact of precise location and elevation data on risk assessment and insurance premiums.

Description: Regular update provided by the Chair of the Joint Risk Management Section on initiatives put forth by the section council for the current year.

Description: This session will be an “Ask The Expert” panel. Several actuaries who have been involved with major change initiatives as either vendors, consultants, or project leads will offer their perspectives on how to help others manage expectations, adapt as unknowns become known, and deliver new insights to their audiences. Topics will include leading multi-disciplinary teams, reacting to changes in project sponsors and project team members in your absence, and transitioning professionals very set in historical ways of work to new processes. Plus Q&A time from the audience. This session will give actuaries insight into how they can manage the “people parts” of large change projects efficiently and effectively so that they can meet objectives and ensure successful outcomes for their business units.