Description: The Mortality Improvement subgroup of the American Academy of Actuaries’ Life Experience Committee and the Society of Actuaries’ Preferred Mortality Oversight Group Valuation Basic Table Team has released a recommendation for the methodology to use to develop the set of improvement factors to be used in conjunction with the 2008 Valuation Basic table or the 2015 Valuation Basic table for AG-38 purposes for year-end 2020.

Description: An update of selected key graphs from the Key Statistics section of previous COVID-19 briefs.

Description: This document is a Request for Proposals (RFP) for research studies related to Model Governance/Ethics for GenAI Models in the context of the life insurance industry. It outlines the background, scope of work, proposal requirements, selection process, submission guidelines, and conditions for potential research projects.

Description: In this Society of Actuaries (SOA) Research Institute report, authored by consultants from Milliman, Inc. (Milliman) we aim to study the effects of hurricanes on human health: whether there is a relationship between hurricanes and the observed prevalence of healthcare utilization or certain health conditions among the affected population, whether this relationship can be observed through a healthcare utilization dataset, and whether there is an interaction between this observation and metrics of socioeconomic vulnerability.

Description: This document discusses the comparison of lifetables generated using classic demographic techniques and the Human Mortality Database method protocol for socioeconomic deciles from 1982 to 2022. It explains differences in estimation methods, calculation steps for lifetables, advantages and disadvantages of each approach, and a comparison of lifetable values.

Description: This report provides a general introduction, a brief summary and a list of references that include various articles, papers, program proposals and legislative notes that provide additional insight into the following topics related to Business Interruption Insurance and the effects of the coronavirus (COVID-19) pandemic on its current and future state of coverage: • General Information on Business Interruption Insurance • Legal Actions • State and Federal Legislation • Proposed Private/Public Partnerships for Future Pandemics as they Relate to Business Interruption Insurance • Impact of COVID-19 on Businesses, Insurers and Reinsurers: Magnitude of Losses and Future Business Interruption Coverage • Future of Insuring a Pandemic

Description: Dealing with more known unknowns? More scary knowns? Or unknown unknowns? What is the next unthinkable? What future events should actuaries actively be modelling and keep us up at night? The Catastrophe & Climate Strategic Research Program of the Society of Actuaries Research Institute (SOA) put forth a call for essays exploring these risks. The Program Steering Committee selected these essays submitted by Sam Gutterman and Max Rudolph to publish, and are awarding them each a prize of $500. The Catastrophe & Climate Strategic Research Program Steering Committee congratulates the authors and is happy to publish the winning essays on the SOA website.

Description: The Mortality and Longevity Strategic Research Program Steering Committee (MLPSC) released this report, which examined the latest trends in obesity and developed an estimate of the impact of obesity on mortality and morbidity costs in the U.S. and Canada.

Description: This report provides an educational background on the process of building predictive models, as well as a detailed presentation of the model results. Predictive models provide a method to capture variation by multiple variables and understand the relationship between these variables. This allows for a deeper understanding of key variables than is possible under a traditional approach.

Description: In this report, we consider high-level results from provisional mortality data released from the U.S. Centers for Disease Control and Prevention (CDC) for 2021, including looking at changes by sex and age group.