Description: A article summarizing the SOA 2024 Regional Symposium in Riyadh

Description: This introduction to Captive Insurance Companies will provide an overview that includes the history of captives, different types of captives, common applications, how captives work, why employers form or join a captive, and a Medical Stop Loss Group Captive case study.

Description: Actuaries, insurance, finance and investment practitioners, along with other industry professionals practicing in Thailand, Asia-Pacific region, as well as all interested professionals from all around the world.

Description: We discuss an event that was hosted on the Georgia State University campus with the support of the Society of Actuaries. The purpose of the event was to introduce nearly 300 high school students, teachers and career counselors to the actuarial profession through presentations, an industry panel, and fun activities.

Description: Stefanos Orfanos shares his perspective and priorities for this year as the incoming chair of the SOA Education and Research Section.

Description: Accounting Standards Update No. 2018-12, Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI) has been effective for most large, public business entities since 2023 and will be effective for other insurers in 2025. While the guidance clarifies the need for incorporating claim liabilities and premium accrual balances in the liability for future policy benefits (LFPB) under LDTI, companies may still have questions given there are limited details available around the techniques used in practice. In this article, we demonstrate the need for incorporating claim liabilities and premium accrual balances in the LFPB under LDTI. We also look at two potential approaches of incorporating these accrual balances.

Description: A long-running Japanese TV show asks the question -- "What is a Professional?". In reviewing a handful of recent profiles - Okonomiyaki chef, a bus driver, Granny Mochi, and a fish broker - we find out various aspects of what makes a professional. These can apply to actuarial work as well as any field of endeavor

Description: Actuaries are Known as highly ethical. Data Science poses ethical challenges for our profession.

Description: Risks is an international, scholarly, peer-reviewed, open access journal for research and studies on insurance and financial risk management. An upcoming special issue is aimed at bringing novel research on quantitative modeling and empirical findings in finance and risk management to a broad audience of academic researchers, industry professionals and regulators.

Description: This month, Expanding Horizons had the opportunity to interview Tim Boonen, the winner of the Society of Actuaries’ (SOA’s) second Actuarial Science Early Career Award.