Description: Research Objective The Society of Actuaries Research Institute General Insurance Research Committee is seeking researchers to identify and analyze the various by-component inflationary forces on pet insurance affordability in the United States and Canada. In addition, we seek ideation of potential solutions that are likely to improve the affordability of pet insurance.

Description: News stories from this past year have included a steady stream of reporting about events associated with climate risk. Photos of devastation from this past summer’s wildfires, deaths caused by heat waves, and suffering from other severe weather events have made clear the far-reaching impact of these events. In addition, there is an increase in concern in longer term non-catastrophic changes (e.g., air quality, higher heat indices, etc.) that may impact such things as land use and health and well-being. As more encounters with these events have occurred, it has become increasingly evident that retirees and those approaching retirement can be both directly and indirectly impacted in their aftermath. This impact may be felt across several broad areas including: retirement investments and the economy; housing; governmental/policy shifts; individual retirement planning and risk assessments, financial institution changes, and additional ill-health and mortality. With these issues in mind, the Society of Actuaries (SOA) Research Institute’s Aging and Retirement, and Catastrophe and Climate Strategic Research Programs (“sponsors”) have partnered on this research effort to explore this topic from the perspectives of a variety of retirement system stakeholders. The result of this effort is intended to provide a useful resource for readers to become well-grounded on the issues surrounding the impact of climate risk on retirement and set the stage for future research.

Description: Actuarial Research Topics for Long Term Services and Supports (LTSS)

Description: The purpose of this analysis is to provide a practical set of changes to the incidence rate modifiers of the 2013 Individual Disability Income Valuation Table to reflect recent industry individual disability income (IDI) claim experience trends from 2005 through 2015. The goal is to have resulting 2005-2015 experience-based incidence modifiers in a workable format to facilitate its use.

Description: This report was prepared to provide an overview of pension risk transfer for use in the educational curriculum of the Society of Actuaries. It presents general principles and highlights major differences between Canada and the U.S. from a life insurer’s perspective. The focus is on group annuities, which are the most common solution for pension risk transfer.

Description: The Society of Actuaries’ Committee on Finance Research is pleased to make available a research report covering the extent to which investment sectors have been contagiously affected by major disasters.

Description: The Society of Actuaries released research in 2007, performed by Jim Toole, that develops a model for a U.S. individual life insurance company to consider its potential liability exposure as a result of a pandemic. Sponsored by the Mortality and Longevity Strategic Research Program Steering Committee, this paper updates several model assumptions including mortality in light of COVID-19.

Description: The Emerging Issues in Underwriting Survey was intended for direct life writing insurance companies in the US and Canada. The Survey looked at various trends that could have a significant impact on the process and practices of life insurance underwriting in the future.

Description: The Society of Actuaries (SOA) published its first COVID-19 research brief on March 10, 2020, followed by regular updates and expansions through June 12, 2020. The comprehensive report included a section of statistics that highlight the pandemic’s impact on economies in the U.S. and Canada. This report shows updates through September 30, 2020, to selected graphs from the Economic and Asset Impact section of the comprehensive report.

Description: Because of its complexity, ensuring the security of cyberspace is one of today’s most significant challenges. As the cyber environment becomes more integrated with the real world, the direct impact of cyber security incidents on business is also heightened. This study aims to develop a generic model that can be applied by any organization. For the validation of the developed cyber risk analysis method, simulations and sensitivity analysis will be performed.