Description: Jump into an informative discussion on Behavioral Economics (BE) that will 'nudge' you away from traditional economic thinking. We'll share a primer on key BE concepts and explore ways to actively use these approaches in underwriting applications, marketing and more. Using simple Behavioral Economics (BE) design approaches, carriers can improve applicant disclosure of medical conditions on insurance applications, claims and mortality experience, website effectiveness, and much more.

Description: EY Session Series Join us to learn about the future of finance and actuarial life beyond accounting change. Come discover transformation and modernization lessons learned and leading practices. Embrace the next wave of innovation and disruption and learn how transformed operating models provide competitive advantage, improve decision making and support strategic business priorities.

Description: This report is prepared to provide a comprehensive overview of the professional financial advice industry including the strengths and weaknesses of currently available approaches to providing (and receiving) financial advice, particularly as part of an employer-sponsored employee benefit. Financial advice is broadly defined to include traditional methods as well as alternative methods to providing personalized guidance. This report is also designed to provide guidance for retirement plan sponsors in making decisions regarding the role, scope, and delivery models of financial advice to plan participants. As appropriate, the report differentiates between investment advice, which includes investment management and asset accumulation decisions, and retirement advice, which includes retirement preparation, security, and planning decisions, and is built upon a thorough understanding of an individual’s personal values and goals. Rather than provide an actionable list for plan sponsors to implement, this report is designed to raise awareness of the issues that are worth considering.

Description: The goal of this paper is to further the discussion about the design and implementation of retirement income solutions in DC plans, to encourage plan sponsors to better meet the retirement security needs of millions of workers who do not participate in defined benefit plans. This paper provides alternatives and does not recommend specific solutions. The intended audience for this paper is policymakers and government regulators and those individuals and organizations who actively participate in discussing these topics with decision-makers at the government, financial institutions, and plan sponsors. These individuals and organizations are encouraged to use the material in this paper to help inform their discussions. Another potential audience includes DC plan sponsors who may want to proceed with implementing programs of retirement income before guidance is promulgated.

Description: The objective of this report is to provide benchmarking information that will help companies address the needs of internal stakeholders in cost-effectively conducting and implementing an ORSA process. In order to obtain this benchmarking information, a cross-disciplinary survey was conducted to find out what insurance companies understand and expect from an ORSA, the effort required to complete an ORSA, and the benefits from doing so. This survey was undertaken on a global basis, with participants that included life, property and casualty (P&C), often referred to as "non-life" or "general" insurers in territories such as Europe, and health insurance companies in North America (the United States and Canada), Europe, and Asia.

Description: This is a nested stochastic modeling survey for insurance companies research report that was sponsored by the Financial Reporting and Modeling Sections and Committee on Life Insurance Research. Stochastic modeling is commonly used by financial reporting actuaries whenever financial reporting procedures such as reserving and capital requirement calculation, are performed under various economic scenarios, which are stochastically determined

Description: Analysis of U.S. multiemployer pension plan system contributions and their funding progress over 2009-2013.

Description: This SOA report provides an overview and analysis of the mortality models, theories and trends contained in the papers presented at the past four international Living to 100 symposia.

Description: Results of the PBITT Working Group annual VA survey.

Description: First of two research papers introduces and explores results of two metrics of financial stress among U.S. multiemployer pension plans.