Description: Group Life COVID-19 Mortality Survey - Updated through December 2022

Description: Update Center

Description: The Joint Risk Management Section is trying to develop better estimates of policyholder behavior in the tail [PBITT]. The mission of the PBITT working group is to examine and ultimately give guidance to actuaries on how to set policyholder assumptions in extreme scenarios. As part of its work, the PBITT working group issued its sixth survey to gather the range of assumptions actuaries use in pricing, reserving, and risk management of minimum guarantees on Variable Annuity products, such as death benefits, income benefits, withdrawal benefits and maturity benefits. This web page contains a link to the survey results.

Description: The document is a report prepared by the Society of Actuaries in 2012, focusing on surveys conducted in Canada and the United States regarding retirement risks. It compares the findings of the two countries, covering concerns, strategies, and perceptions related to retirement planning and financial security.

Description: This report explains the concept and construction of the Market Consistent Embedded Value (MCEV) measure, as well as its usefulness as a profit/risk measure relative to other profit/risk measures currently used by insurance companies for various products. The knowledge from this research will assist actuaries, corporate leadaers, risk management professionals and others in understanding, implementing and comparing MCEV to current risk assessment tools utilized by insurance companies.

Description: The 2011 study, The Financial Recovery for Retirees Continues, was fielded in June 2011 and explores the attitudes of 461 retirees who were in the original 2008 and 2009 studies. The results are contrasted with those of the two prior studies.

Description: The Society of Actuaries’ Pension Section Research Committee commissioned this study to help actuaries develop forward thinking long-term estimates of future equity risk premiums. Equity risk premium is the amount by which the total return of a stock market index, such as the S&P 500, exceeds that of government bonds. Equity risk premiums, calculated from historical data, have been used to project long term values of equity portfolios in retirement plans. The validity of using historical data to project future equity returns will be examined along with other forward looking methods.

Description: The Casualty Actuarial Society, Canadian Institute of Actuaries, and the Society of Actuaries' Joint Risk Management Section is pleased to make available a research report that examines the characteristics of insurers' operational risk in the context of current understanding and application. The report was written by Madhu Acharyya of Bournemouth University.

Description: This report aims to expand our understanding by providing a methodology to quantify uncertainty in risk assessment.

Description: The goal of this paper is to examine similarities between value investing and enterprise risk management (ERM) methods.