Description: On April 22, 2025, the Society of Actuaries (SOA) and the Illinois State University (ISU) Actuarial Program held an Actuarial Day for high school and college students on the ISU campus. It was part of a series of such events that the SOA sponsors and helps organize on college campuses to inspire future generations of actuaries and popularize the actuarial profession among high school and college students.

Description: Retrospective on the E&I council goals and accomplishments heading into the new SOA community model

Description: Stakeholders in a specific state (Minnesota) were interviewed about the potential value -- and obstacles -- of a catastrophic backstop program to handle long term care (LTC) financing needs. The design would entail a payroll deduction which would produce a fund to pay LTC expenses once a deductible period (of 1 to 4 years, depending on income) was reached. This design was believed to encourage enrollees to cover the front end better than done today, whether by private insurance or other means.

Description: The importance and opportunity, globally, of inclusive insurance is identified. We review traditional actuarial approaches, recognize their underlying presumptions, and then manage the issues raised. We clarify the process distinctions between traditional and inclusive insurance.

Description: When designing and pricing a healthcare product, it is not only important to know how to model frequency and severity, but it is essential to understand human behavior. Of course, the issue of anti-selection in medical insurance is well known as individuals know more about their health and prior expenditures than an insurer does. This type of behavior is certainly rational, and to be expected.

Description: Provides an update, as of September 2022, on Financial Reporting Section sponsored research projects in process and those recently completed.

Description: The landscape of the reinsurance industry is evolving amid profound changes in the insurance sector. Innovation is vital for reinsurers as risks become more complex and insurers transition from a role of "protection" to "prevention." Successful reinsurers are responding to market dynamics, particularly through open innovation – collaboration with startups.

Description: Article reviews the data a year into the unwinding of continuous coverage provisions in Medicaid, the impact on enrollment counts, how capitation rates have been adjusted, and compares those results to what has been modeled with the SOA Mediciad Unwinding model.

Description: What are Biosimilar drugs? Are they the same as generic drugs? What potential impact might Biosimilars have in the United States prescription drug landscape and it’s economics? This article explores those questions as well as exclusivity and interchangeability.