Description: 养老金风险转移 (PRT) 是指固定收益 (Defined Benefits, DB) 养老金计划发起人将风险（如长寿风险、投资风险和利率风险等）转移给保险公司或再保险公司的过程。PRT市场呈现强劲增长的局势，2024年保费规模达518亿美元，交易数量超过750笔。SOA Research Institute 召集了来自保险公司、再保险公司、咨询公司及监管机构的相关方举行了一场圆桌会议，共同探讨当前市场格局与未来前景。

Description: 本项目研究了气候变化风险对退休投资的财务影响，重点探讨了养老基金（Pension Funds）应如何管理此类风险。研究涉及的气候变化风险主要包括两大类别： • 物理风险（Physical risk）：指由极端气候事件和全球变暖对资产及养老金负债的直接影响。 • 转型风险（Transition risk）：指在向低碳经济转型过程中产生的财务风险，包括因遵守新规定而带来的诉讼风险。

Description: El Niño is more than a weather event. It can affect people’s health across the United States. A study by the Society of Actuaries Research Institute found that El Niño can slow progress in how long people live. The effects can last for years, even after El Niño ends. Older adults are hit the hardest.

Description: The article explores a closed-form forecasting method that combines Exponentially Weighted Moving Average (EWMA), weighted linear regression, and ridge regression (L2 regularization). The approach addresses two key challenges in time-series forecasting: adapting to nonstationarity and mitigating overfitting due to multicollinearity. EWMA assigns more weight to recent observations, while ridge regression penalizes large coefficients to stabilize estimates. A cross-validation strategy across rolling time windows selects optimal hyperparameters: the EWMA decay factor (α) and the ridge penalty (λ). The method is tested using repeated regressions of stock returns, showing that most hyperparameter combinations outperform ordinary least squares (OLS) under the (λ=1, α=0) setting.

Description: This expert-opinion piece advises Canadian life insurers on how IFRS 17 changes asset-liability management for the Contractual Service Margin (CSM).

Description: Article about why the actuarial profession is a promising career in India.

Description: Article about emerging risks in India for India SOA newsletter

Description: "In this session, we will explore the latest trends in asset allocation, focusing on how these trends are shaping the investment landscape in 2025. With insights from industry experts and real-world examples, attendees will gain a comprehensive understanding of the factors driving asset allocation decisions and the implications for portfolio management. We will delve into the impact of economic policies, market volatility and emerging asset classes on asset allocation strategies. This session is designed for actuaries, investment professionals and anyone interested in staying ahead of the curve in the ever-evolving world of asset allocation. Learning outcomes: Understand the key trends in asset allocation for 2025, including the influence of economic policies and market dynamics. Identify emerging asset classes and their potential impact on portfolio diversification and risk management. Gain insights into the strategies used by leading investment professionals to navigate market volatility and optimize asset allocation. Learn how to apply these trends and strategies to enhance your own investment decision-making process."

Description: "Asset-intensive reinsurance has become a focal point of actuarial, administrative and regulatory consideration in recent years. This session will walk through a real-world reinsurance case study of an illustrative transaction - from the initial actuarial due diligence process of the cedant's subject business through onboarding and integrating that business into the reinsurer's platform. Topics will include actuarial due diligence, experience studies and assumption setting, model validation, model development and onboarding of the subject business. The session aims to provide a variety of insights into this process across different business units and functions. By the end of the session, attendees will have a firm understanding of key transaction-related topics within the context of a real-world example."