Description: In the spring of 2019, Dr. Cai started to serve as the Actuarial Science Program coordinator at Salisbury University, a medium-sized public teaching school in Maryland. At that time, the program was small, with only two faculty members who focused on both statistics and actuarial science, with approximately 10 students. During the next five years, the program did make some achievements in curriculum development, student exam preparation, job placement, and recognition, but Dr. Cai continued to have a dream to make the program unique. Dr. Cai believed that the skill sets students learned, even from a small program, could enable them to compete with anyone on a global basis. In spring 2024, Dr. Cai advised a group of exceptional actuarial students to participate in the 2024 Society of Actuaries (SOA) Student Research Case Study Challenge (SRCSC), and the team won third place – —behind two teams from the University of New South Wales, Australia. This article is the story of the journey.

Description: A recounting of all the accomplishments the Joint Risk Management Section had in 2021 crediting those responsible for their successful completion.

Description: Climate risk modeling is taking center stage. With businesses increasingly expected to show how they assess, adapt to, and mitigate the risks of climate change, companies are asking: What is the right climate risk modeling approach for our business?

Description: President Andy Rallis speech at the SOA 2020 Virtual Annual Meeting & Exhibit.

Description: Actuarial functions are being asked to do more with less: being challenged to provide more value to the business through applying insight and foresight. This article examines ways in which actuaries can provide business insights with very limited investment. The article provides actionable steps that actuaries easily apply to their daily work.

Description: Emerging technologies like GenAI will be more disruptive than past technological developments, such as spreadsheets, low-code data and dashboarding tools, and cloud computing. This article will explore how how we can lead ourselves, our teams, and our organizations to thrive within a defined modern value proposition, using one of two archetype roles: actuaries as business partners or actuaries as developers.

Description: The article discusses the use of the keyword strategy in teaching. The literature with a negative view of keywords is reviewed and responded to by advocating keywords with multiple meanings supplemented with relevant instructional guidance. Numerous examples are presented from the SOA preliminary exams. Additionally, advanced use of keywords to problems not having them are presented.

Description: This interview with Andrés Villegas, an Associate Professor at UNSW Sydney, explores his journey from Colombia to Australia, his research on mortality modeling, and his contributions like the R package StMoMo. He discusses the importance of mentorship, industry-academia collaboration, and the role of actuaries in addressing global issues such as population aging and climate risk.

Description: In the past months, as COVID-19 has forced the reduced activity in the U.S. economy there has been some very substantial, but varied effects on the U.S. healthcare system. There is a lot of potential for confusion amongst providers and patients with regards to decisions related to which services ought to be rendered and which ought to be deferred. Two specific agencies – the Centers for Medicare and Medicaid Services (CMS), and the American College of Surgeons (ACS) have put together some guidance to add more clarity towards what types of services should be provided and what types ought to be deferred. In addition, this paper includes a discussion on what types of services are most likely to be deferred, and which ones will accrue pent-up demand to be released when many of the deferred services become available again.

Description: MaD Section Update for 2025