Description: This report provides an exploration of the potential impact of Artificial Intelligence (AI) on medical malpractice claims, with a focus on one specialty (radiology) and one state (New York). The discussions in this report are targeted to actuaries who are interested in developing a method to quantify the potential impact of AI to their own medical malpractice portfolio or to their own work.

Description: Max Rudolph's winning essay.

Description: The aim of this project is to present proposals for Variable Uninsured Life Annuities—or “Value annuities.” The report and the accompanying models illustrate how Value annuities work. This is the Chinese translation

Description: This report examines weather conditions for daily maximum temperature (TMAX), inland storm activity from wind, hail and tornadoes, and record precipitation in the very dry extreme drought area of the Southwestern United States.

Description: Actuarial Weather Extremes: May 2021

Description: This report examines weather conditions for daily maximum temperature (TMAX), drought conditions, and snowfall that are extreme in an historical context. The report also examines the early eighth named storm to make landfall in the U.S. (Hurricane Nicholas), ahead of the eighth landfall storm of 2020, which had a record 11 named landfall storms for the year.

Description: On August 29, 2022, the SOA Research Institute assembled an industry expert panel to discuss current issues in actuarial technology. This was the third time such a panel was assembled, and most panelists had participated in the previous discussions. Each participant volunteering for being part of the discussion was selected because of their management-level responsibilities for the application of technology in an actuarial context. The group was diverse in terms of employment, including company actuaries from life, health, and property/casualty backgrounds, as well as consultants from various kinds of firms. This panel included participants from outside the U.S. as well.

Description: The Chinese insurance market is grappling with product innovation, business growth and regulatory oversight as it tries to keep pace with a sharp growth in demand across product segments. In this context, the authors have highlighted insurance trends in China, based on available research and literature, with a particular focus on topics that will drive the enterprise risk management (ERM) function of insurance companies. ERM provides an opportunity for insurers to identify and mitigate potential insurance risks by enhancing their policies and risk management activities. This report explores the insurance trends in detail, drawing on findings from interviews of practitioners in the Chinese market, to provide context for the drivers of ERM transformation.

Description: Decentralized insurance alternatives is a rapidly expanding sector of Decentralized Finance (DeFi), an emerging and growing financial ecosystem powered by blockchain technologies. The purpose of this report is to review and discuss the business models and operating designs of decentralized insurance alternatives, which may have significant implications for traditional insurance businesses, as well as the actuarial profession.

Description: This report presents results from an online survey from January 2021 of Millennials, Gen Xers, Late Boomers, Early Boomers, and the younger portion of the Silent Generations. An additional oversample of Black/African American, Asian American, and Hispanic/Latino respondents was also collected.