Description: Life insurance and annuity illustrations are an important part of the sales and ongoing policy maintenance process educating consumers on how the products could perform in a given set of circumstances. While candidates for Fellowship in the Society of Actuaries and even practicing actuaries may have a general knowledge of what they are and awareness of the regulations and applicable standards of actuarial practice, they may not know much about the intricacies of illustrations and illustration testing. The purpose of this project is to create a resource to improve actuarial practitioners’ understanding of illustrations. Additionally, this topic is not currently addressed in the exam curriculum. It is intended that selected sections of the report on this research would be suitable for inclusion in the Fellowship syllabus.

Description: One of the many resources that the SOA offers for download are experience studies, such as disability, group and credit.

Description: Notice of Disciplinary Determination

Description: Supporting excel file for April 2021 weather extremes.

Description: Decentralized finance, or DeFi, is an emerging financial system powered by blockchain technology. This research report aims to introduce actuaries to DeFi and help them develop a solid understanding of DeFi. It will begin with addressing “what is DeFi?” by providing an introduction on blockchains and DeFi. It will then discuss in further detail the key characteristics, applications, opportunities, and risks of DeFi. After providing the foundation, this report will discuss the potential adoption of DeFi and its interaction with the current financial system (sometime referred to as traditional finance for contrast with DeFi), and the implications for practicing and aspiring actuaries. In addition, a glossary of terms used in DeFi and a brief history of the development of DeFi have been included in the appendix.

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Description: The Society of Actuaries and the Retirement Income Institute, a project of the Alliance for Lifetime Income, are partnering to explore ideas and thoughts on identifying current and alternative means of achieving and measuring retirement income adequacy. In issuing this call for essays, the organizations aim to gather perspectives, opinions and data on how to advance the state of effective retirement planning to assist individuals, actuaries, financial advisors, employers and other stakeholders.

Description: R. Dale Hall, FSA, CERA, MAAA, CFA, Managing Director of the SOA Research Institute recently held a virtual open house highlighting the work of the Institute and opportunities to get involved in Institute research.

Description: Jeremy J. Brown, FSA, MAAA, EA, CLU, ChFC President, Society of Actuaries Presidential Luncheon Speech, SOA 2016 Annual Meeting

Description: The Society of Actuaries is honored to announce the recipients of the Outstanding Session Awards for the 2020 Valuation Actuary Virtual Symposium that took place Aug. 31-Sept. 2, 2020.