Description: A discussion of the process and results report “A Study of the Use of the Delphi Method, A Futures Research Technique for Forecasting Selected U.S. Economic Variables and Determining Rationales for Judgments.”

Description: Life and annuity markets around the world have seen increasingly complex investment-combined products, including universal life, fixed indexed annuities, variable annuities with a wide variety of guaranteed benefits, indexed variable annuities, etc. Insurance companies are facing unprecedented exposure to financial risks in addition to traditional mortality and longevity risks. The risk assessment and modeling for such complex designs by conventional methods often focus heavily on their market competitiveness and profitability. However, there seems to be a lack of quantifiable and systematic approach to assess investment risks associated with investment combined products. The objective of the proposed work is to develop a framework for quantifying and analyzing various forms of contractual designs and showcase different techniques to assess the trade-off between competitive contractual designs and their practical implications with regard to the difficulty of risk management.

Description: Summary of Administration's FY 2023 Tax Proposals of Interest to Life Insurers

Description: This article is an interview of Stuart Klugman, senior staff fellow for Education at the SOA, who explains the changes to the pathway to earn the ASA designation.

Description: U.S. bond markets have undergone dramatic changes due to the 2008 Global Financial Crisis (GFC) and the COVID-19 pandemic. In taking a retrospective view, we can see that bond markets, viewed through the lens of major bond indices, have been evolving for quite some time. Within this paper, TD Asset Management Inc. (TDAM) will explore underlying changes that have occurred within the U.S. Corporate Bond Index, a sub-component of the larger U.S. investment grade bond market, over the past decade. We will highlight key structural changes that have occurred within bond markets and why they are noteworthy

Description: The article describes recently proposed regulations on the deduction of partially-worthless debts under section 166. It also provides background on the comments submitted by the insurance industry in response to the proposed regulations and additional guidance issued by Treasury and the IRS following the publication of the proposed regulations.

Description: The COVID-19 pandemic has disrupted the global economy at a level never imagined. The economic fallout has been catastrophic. Record high unemployment, staggering revenue loss, bankruptcy and an uncertain future have businesses—and consumers—searching for a beacon of hope. In the quest for a lifeline, actuarial teams are quickly being thrust into the spotlight

Description: Article discussing the benefits of the Chartered Enterprise Risk Analyst, CERA, credential.