Description: This article provides an overview of the issues behind the availability and affordability problem with property insurance in the states of Florida and California.

Description: This document is a Request for Proposals (RFP) issued by the SOA Research Institute focusing on advancing catastrophe modeling and sustainability in Asia, particularly in ASEAN markets. It outlines research objectives, proposal requirements, selection process, submission details, and other pertinent information for interested researchers.

Description: This research would identify and address all the barriers that are holding back the development of parametric insurance in North American markets. Results will be outlined in a report that articulates product design considerations with supporting actuarial pricing and underwriting guidelines.

Description: The research provides a modeling framework for assessing the inundation risk of properties and their expected flood damages, thereby laying a foundation for flood insurance pricing. The researchers studied over 50 years of claims data from the National Flood Insurance Program with 2.5 million records and identify property characteristics that predict flood damages for inundated properties. The development of a private flood insurance market benefits from insurers’ ability to better understand and price flood risk. This research takes a closer look at flood risk modeling and flood insurance pricing.

Description: This report provides a general introduction, a brief summary and a list of references that include various articles, papers, program proposals and legislative notes that provide additional insight into the following topics related to Business Interruption Insurance and the effects of the coronavirus (COVID-19) pandemic on its current and future state of coverage: • General Information on Business Interruption Insurance • Legal Actions • State and Federal Legislation • Proposed Private/Public Partnerships for Future Pandemics as they Relate to Business Interruption Insurance • Impact of COVID-19 on Businesses, Insurers and Reinsurers: Magnitude of Losses and Future Business Interruption Coverage • Future of Insuring a Pandemic

Description: IFRS 17 is transforming insurance financial reporting around the world, and Latin American markets are at different stages of adoption and implementation. This webinar will provide an overview of the IFRS 17 standard and explore its practical implications for insurers in Latin America, with a particular focus on current practice and industry experience. This webinar is for actuaries, actuarial teams, and other supporting roles working with IFRI reporting requirements and IFRS 17 reporting standards applicable to insurance products. The discussion will be of interest to actuaries and other professionals working in or with insurance companies, especially in Latin America and other Spanish speaking markets, including those in life, general insurance (P&C), health, and reinsurance. The content is suitable for a wide range of experience levels, from early career to senior practitioners with responsibility for financial reporting, valuation, or risk management under IFRS 17. If you are IFRS implementer regardless of the stage of implementation or an IFRS practitioner, this session is for you! Come learn about the resources from the SOA that can support your work, including an IFRI Certificate that offers a recognition of your skills and knowledge of this area. There will be an opportunity to ask questions in the Q & A part of the session. The webinar will be conducted in English with an option to submit questions in English or Spanish. Learning outcomes By the end of the webinar, participants will be able to: Describe the state of IFRS 17 implementation readiness across Latin America. Identify next steps and SOA professional resources to support ongoing IFRS 17 and IFRI reporting work.

Description: The Casualty Actuarial Society, the Society of Actuaries Research Institute, the Society of Actuaries Joint Risk Management, Reinsurance and Financial Reporting Sections are pleased to make available key findings from the 2022 Emerging Risks Survey, the sixteenth 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: Article looks at various catastrophic events in past years specifically around insurance claims and the negative impact this has had on the insurance/reinsurance industries. It suggests better communication strategies for companies when dealing with the public.