Description: The Society of Actuaries (SOA) Research Institute released a report summarizing the InsurTech Insights Americas conference held May 24-26, 2022. InsurTech, a concept created 10-15 years ago, is maturing and currently western financial markets are recording a downward trend while inflation is rising. While this downward pressure on financing makes investors more cautious, stakeholders are working towards partnerships to improve the overall effectiveness and purpose of the insurance industry.

Description: Artificial intelligence (“AI”) adoption in the insurance industry is increasing. One known risk as adoption of AI increases is the potential for unfair bias. Central to understanding where and how unfair bias may occur in AI systems is defining what unfair bias means and what constitutes fairness.

Description: Non-guaranteed elements are parameters of life insurance and annuity polices that are not fixed when the policy is issued but may be changed from time to time by the insurance company.

Description: One of the evolving datasets with the COVID-19 Research Database is the Datavant population mortality information. This report notes the features of the database, discuss their potential use and limitations, examines data reliability and reviews it potential use as an additional data set and input to mortality improvement models.

Description: Despite the advent of COVID-19, autonomous vehicle (AV) market leaders continued to invest in technology and to establish partnerships with vehicle original equipment manufacturers (OEMs). This report provides a 2021 update on autonomous vehicles.

Description: The financial environment changed dramatically between 2008 and 2009. To gauge the impact of the financial downturn on retirees, the Society of Actuaries, LIMRA, and the International Foundation for Retirement Education re-surveyed respondents of the 2008 study, 'Will Retirement Assets Last a Lifetime?'. The original 2008 study surveyed 1,524 retirees ages 55 to 75 with $100,000 or more in household investable assets prior to the financial downturn. The participants were re-contacted in April 2009 and posed a subset of the original questions via an online survey. In this follow-up report, the 2009 results are contrasted with the results of the original 2008 study.

Description: This research report, part of the Society of Actuaries [SOA} ‘Research Projects – Finance/Investment,’ is sponsored by the Casualty Actuarial Society [CAS], Canadian Institute of Actuaries [CIA], and the Society of Actuaries [SOA] Joint Risk Management Section Research Team and the SOA's Committee on Finance Research. This paper examines the subprime mortgage crises and related financial consequences from the perspective of the insurance industry.

Description: The goal of this paper is to study how a full-range tail dependence copula would be useful in assessing tail risks in a regression setting.

Description: The Mortality & Longevity Strategic Research Program Steering Committee is pleased to present a new report summarizing the work accomplished under the 2019 research grant supporting the Human Mortality Database (HMD) team. The work was divided between two main projects: 1) the continuous development of the United States Mortality Database (USMDB) and 2) the publication of cause-specific mortality series for selected HMD countries.

Description: This analysis will primarily focus on the individual, non-group market. In order to plan for the impact that these currently uninsured individuals will have on the health insurance markets, it will be important to understand their costs relative to the costs for people already enrolled, for whom many health insurers have experience and data.