Description: Review the exam solutions for the Fall 2025 GH201U.

Description: The Long-Term Care Crisis and You John Ferrara, FCA, MAAA, and Nathan Nutt, Actuarial Intern

Description: 在本研究启动之初提出的核心假设是：参加美国联邦医疗保险（Medicare）的HIV阳性人群中，65岁及以上参保人数呈增长趋势，并且该群体在人口学结构上具有独特性，因此，他们的护理需求也会与普通医保参保人群不同。本研究旨在实现以下目标： • 验证或修正关于65岁及以上HIV阳性人群Medicare的参保比例趋势及人口构成特征的假设； • 对比分析HIV阳性与阴性Medicare参保群体在使用处方药、医疗服务使用及成本模式的整体差异； • 初步识别护理需求与成本差异，为项目规划及护理管理提供依据。 本研究通过比较HIV阳性与阴性Medicare群体人口特征、医疗成本和药品费用方面的数据，对上述目标展开初步探讨，以帮助精算界提出更精准的研究问题，从而促进HIV感染者在医保体系中获得妥善照护。

Description: For 20 years the Education and Research Section has given awards to the top graduate student speakers at the annual Actuarial Research Conference. This article provides the motivation, its evolution, lessons learned that can apply to all who give presentations, and why 2025 was the final year for the awards.

Description: A summary of new members of the India committee for the SOA India newsletter

Description: The VM-22 standard provides critical guidance for the modeling of life insurance and annuity products, specifically in relation to the calculation of reserves and capital requirements. As insurance companies continue to adapt to emerging regulations and evolving market conditions, selecting the right assets to back insurance liabilities has become an increasingly important focus. VM-22 provides flexibility but also presents challenges in determining the optimal asset strategy. The goal is to support actuaries in navigating this complexity and ensuring sound financial decisions.Our proposed session will focus on the practical aspects of asset selection under VM-22. We will highlight key considerations for selecting the appropriate assets to match the liabilities of insurance products, and how this impacts reserve calculations and risk management. To provide real-world insight, we plan to invite one or two clients who have successfully implemented VM-22 asset selection strategies. Additionally, we will collaborate with a trusted technology partner that has helped at least one client with the field testing of asset selection strategies under VM-22. This will allow us to offer a comprehensive understanding of the challenges faced in asset selection, the strategies employed, and the lessons learned through client case studies and technology integration.Attendees will gain a deeper understanding of the complexities of asset selection, the tools available to support decision-making, and best practices to optimize outcomes under the VM-22 framework. We aim to provide actionable insights and foster discussion on how actuaries can use the latest tools and techniques to manage asset-liability matching effectively and efficiently.