Description: This piece is on Risk normalization and looks to draw upon underlying ideas as to why in some cases, risks are under or over analyzed from an individual perspective in society. This piece is intended to make the reader think about what risks they partake in on a daily basis that may have been 'numbed' in some sense by societal normalization fo these risk. Conversely, readers also may be questioned with what risks have overplayed by society, in particular risks that have been over inflated by media and other driving factors.

Description: Continuation of series applying Buddhist principles to actuarial work setting. This issue discusses the challenges to actuaries posed by the coronavirus pandemic and how mindfulness practice can expand an actuary's perspective and enhance effectiveness

Description: This article is a concise guide to assist health actuaries with CPD attestation. It describes the requirements of United States Qualification Standards and the SOA Basic Requirement provisions of Section B. It also describes when each set of standards are appropriate.

Description: Can we learn anything about business success, or better yet about life, from the world of politics? One would presume not, given the seeming vast gulf between these realms. Yet perhaps this personal tale of a challenge I undertook decades ago might shed some light on how independent actuaries (and entrepreneurs in other corners of business) might adopt a refreshing perspective that advances, or even transforms, their current actuarial practice’s trajectory.

Description: The paper demonstrates that the most popular rationalization for evolving glide paths is flawed and should be discarded. The paper also demonstrates that glide paths should generally evolve for investors that endeavor to optimize outcomes and reevaluate their portfolios regularly.

Description: The implementation of the IFRS 17 insurance accounting standard has brought significant changes to the financial reporting landscape of insurance companies. With new disclosure requirements and altered profit analysis, understanding and interpreting future profitability have become a topic of concern for the industry. While stability remains a key objective for insurance companies, the earning patterns might become more volatile especially when the contractual service margin (CSM) is exhausted, and a loss component (LC) needs to be established. Reinsurance, a common risk mitigation tool, can play a pivotal role in managing earnings volatility and minimizing losses for onerous measurement units. In this article, we propose a new key performance indicator (KPI) called “loss recoverability” to assess the performance of reinsurance treaties in achieving these objectives. We explain how this KPI can be utilized in multiple scenarios to evaluate the effectiveness of reinsurance strategies and pursue stability in earning patterns.

Description: Legacy may seem far away, but for entrepreneurial actuaries, legacy is now. This article shows entrepreneurial actuaries how they can think of their legacy as the breadcrumbs they leave with their teams, their clients, and their community.

Description: The article contains a description of the Emerging Topics Community. The focus of the article is what is a community, what makes the Emerging Topics Community special, and benefits of the Community. Included after the discussion on the community are ways to get involved and be a part of the community.