Description: Actuarial weather extremes, January, 2021

Description: Actuarial Weather Extremes: November 2021 Extreme Precipitation, Drought, and Late Season Tornadoes This report examines weather conditions for precipitation, drought conditions, and late season tornadoes that are extreme in an historical context. Extreme Precipitation in the Pacific Northwest: Many Global Historical Climatology Network (GHCN) stations in Northwest Washington state and Southwest British Columbia had record November daily precipitation amounts on November 14 and 15, 2021 when looking back to 1960. During and after those dates, many U.S. Geological Survey (USGS) stream gage stations in Washington had readouts that were from Flood Stage to Major Flood Stage. Drought Conditions increase in Continental U.S. as Drought Moves East: Severe drought conditions in the Western U.S. dissipated somewhat, but in the Continental U.S. as a whole, the footprint where drought conditions exist has increased overall, and is driven primarily by increased drought in South-central and Middle Atlantic states. Late Season Tornado Activity: Comparing the historical database of tornado activity and the recent activity in the state of New York, of 24 November tornadoes reported in New York since 1950, nine occurred on November 13, 2021. These late season tornadoes are rare in New York, and November 2021 was exceptionally active for these storms.

Description: The Casualty Actuarial Society, Canadian Institute of Actuaries, and the Society of Actuaries Research Institute are pleased to make available results from the 2021 Emerging Risks Survey, the fifteenth in the series. Conducted by Max J. Rudolph of Rudolph Financial Consulting LLC, the survey incorporated a set of Emerging Risks defined by the World Economic Forum as the basis for several of the questions. The survey also included questions related to current risk management topics.

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: The Society of Actuaries Research Institute’s Aging and Retirement Strategic Research Program is pleased to make available a brief report on the risks and trends observed from the latest biennial survey, Risks and Process of Retirement.

Description: This report examines the impact of the COVID-19 pandemic on mental illness and the impact of mental illness on mortality and longevity in the U.S.

Description: Climate change affects everyone. Proactive responses that look forward to anticipate future conditions will optimize infrastructure investments rather than dealing with the crisis as extreme events arrive. Cities can address local concerns utilizing a process that is repeatable in other jurisdictions.

Description: The SOA Research Institute engaged Milliman to perform a study examining life insurer practices on accelerated underwriting and how COVID-19 has impacted them. This effort included a separate outreach to actuaries working for twelve different state insurance departments. At the time of this report, three responses to our regulatory survey had been received. Therefore, the results of the three-question survey are discussed in broad terms, rather than using numerical measurements.

Description: How does retirement preparedness in the U.S. vary across racial/ethnic groups? This report compiles and analyzes a wide variety of works that look at this this question from specific questions. The result provides a broader perspective through comparison of seven metrics tracked from 2012 to 2021.

Description: View the Group Life COVID-19 Mortality Survey.