Description: This paper, part of the Society of Actuaries [SOA} ‘Research Projects – Finance/Investment,’ incorporates data from a similar study for years 1986 through 1992 and extends the results with data through 1995. This study focuses on the question of the extra return of high yield bond investments after asset losses, as well as some corollary items such as relative growth rate of high yield bond companies, emphasizing life insurance company results.

Description: The Society of Actuaries (SOA) is pleased to present historical U.S. population mortality rates by gender and single year of age for calendar years 2000-2018. To develop these rates, the SOA relied upon data furnished by the Centers for Disease Control and Prevention, Centers for Medicare and Medicaid Services, the U.S. Census Bureau, and the Social Security Administration.

Description: The Group Life COVID-19 Mortality Survey Report Series gathers a high-level view of U.S. group term life insurance mortality experience since the onset of the COVID-19 pandemic. These reports measure results in total and by broad age group, industry category, geographic region, and cause of death.

Description: Home page for posting the report. The research examines various benchmarks for analyzing option adjusted spreads of the major fixed income asset classes of life insurance companies.

Description: The Society of Actuaries' Influencer Kits provide teachers, school counselors, parents, and practicing actuaries with tools to discuss the actuarial profession with their students. Learn more about available materials.

Description: This report details a study of the 2000-2015 group life waiver of premium experience.

Description: The Chinese insurance market is grappling with product innovation, business growth and regulatory oversight as it tries to keep pace with a sharp growth in demand across product segments. In this context, the authors have highlighted insurance trends in China, based on available research and literature, with a particular focus on topics that will drive the enterprise risk management (ERM) function of insurance companies. ERM provides an opportunity for insurers to identify and mitigate potential insurance risks by enhancing their policies and risk management activities. This report explores the insurance trends in detail, drawing on findings from interviews of practitioners in the Chinese market, to provide context for the drivers of ERM transformation.

Description: Decentralized finance, or DeFi, is an emerging financial system powered by blockchain technology. This research report aims to introduce actuaries to DeFi and help them develop a solid understanding of DeFi. It will begin with addressing “what is DeFi?” by providing an introduction on blockchains and DeFi. It will then discuss in further detail the key characteristics, applications, opportunities, and risks of DeFi. After providing the foundation, this report will discuss the potential adoption of DeFi and its interaction with the current financial system (sometime referred to as traditional finance for contrast with DeFi), and the implications for practicing and aspiring actuaries. In addition, a glossary of terms used in DeFi and a brief history of the development of DeFi have been included in the appendix.

Description: The Society of Actuaries Research Institute’s Aging and Retirement Strategic Research Program in collaboration with the Sexuality and Gender Alliance of Actuaries (SAGAA) is pleased to release a collection of essays in response to a call for essays aimed at a broader exploration of issues related to aging and retirement for LGBTQ+ people.

Description: This study presents a comprehensive approach of real option analysis to climate adaptation policies aiming to mitigate flood risk. The framework focuses on pricing catastrophic risk in coastal regions, allowing for economic growth and uncertainty in the mean sea level rise.