Description: The article argues that effective Enterprise Risk Management (ERM) should be tailored to fit a company’s unique characteristics rather than forcing a standardized "best practice" approach. Drawing from decades of experience, the author explains that companies often reject rigid ERM frameworks that don’t align with their business culture, risk philosophy, or strategic priorities. Key challenges include resistance to aggregate risk tolerance, formal governance structures, emerging risk management, and capital models that expose underperforming business units. The article suggests four steps for aligning ERM to a company: clarifying ERM objectives, understanding risk culture, leveraging existing risk management strengths, and committing to an iterative improvement process. A well-aligned ERM program can enhance strategic decision-making and resilience by being embraced rather than resisted.

Description: Haiti, one of the poorest countries in the world, is plagued with poverty, political unrest, and natural disasters. The latest disaster was a magnitude 7.2 earthquake that struck the town of Les Cayes and surrounding communities on August 14, 2021. Only three days later tropical storm Grace brought devastating flooding to the very same region along the southern peninsula of Haiti. Over 2,200 were killed and many thousands more injured, homeless, or missing. Food and drinking water were scarce. Relief from the capital in Port-au-Prince was limited due to structural damages to bridges and landslides on roads. Outside aid took days to arrive. Spontaneously, Pierre-moise Louis of Jérémie Bakery sprang into action. He donated his entire stock of konparèts (a dry biscuit baked from breadfruit flour) to affected families in the area. With additional support from Trees That Feed Foundation, over 80,000 meals were provided by local Haitians to victims of the disaster. Since its inception in 2008, Trees That Feed Foundation has received financial and operational support from my fellow actuaries in several countries.

Description: Tracy Choka is managing director and regional head business management at Swiss Re. Tracy has spent her career in L&H reinsurance, working across multiple areas that include pricing, valuation, operations, client solutions, deal development, and mortality and underwriting research. In her tenure, Tracy has headed Applied Research and Development, Products, and since 2014, Business Management for U.S., Canada and Latin America.Tracy shares her thoughts on how the pandemic has accelerated trends in underwriting and the challenges - and the silver lining- in managing professional relationships during COVID-19

Description: Meditation on life, choices and events during the COVID-19 pandemic

Description: To understand the relationship between lifestyle behaviors and mortality, RGA investigated a national, health-related, mortality-linked data set provided by the U.S. Centers for Disease Control and Prevention (CDC). RGA Strategic Research Actuary Julianne Callaway discusses the company's findings.

Description: Highlights the key takeaways from the 2021 published SOA PLT study on lapse and mortality experience of US term plans in the post level term period. This article explains the new insights in the latest study including a comparison of PLT experience between Jump to ART and Graded structures. The important variables driving PLT experience and the relationship between lapse and mortality experience are also discussed.

Description: The life insurance industry has experienced dramatic changes since the onset of COVID-19 in March 2020. Growing competition, a rise in online shopping, and the impact of COVID-19 have all led to an increase in contactless and completely digitized life insurance options. At Policygenius, we wanted to dig deeper into these big industry changes and better understand how they affect life insurance buyers. What our 2022 life insurance trend report found was a changing industry, making tremendous strides, and creating even better pricing and policy options for customers.

Description: This article gives examples of good and bad prompts for actuaries to use when using large language models.

Description: The article summarizes the results of the 2022 U.S. and Canadian Life Reinsurance Survey, for both Individual Life and Group Life business, conducted by the Reinsurance Section of the Society of Actuaries.

Description: This article highlights some key implications for reinsurance contract held and loss-recovery component IFRS 17.