Description: This article provides an overview of the current Artificial Intelligence ("AI")/Machine Learning ("ML") regulatory landscape and governance considerations for insurers deploying AI/ML for their long-term care business.

Description: Adjusting GAAP reinsurance reserves to account for reinsurance protection against the events that trigger direct reserve constraints (such as NPR capping or LFPB flooring) can be a challenge any time. Ceding a block of business that is already in force increases the challenge—especially if one of those constraints was already present at inception of the reinsurance. This article builds on previous work (published in the July 2022 and June 2023 issues) to show how to measure initial reinsurance reserves in a way that complies with AICPA guidance and prepares for effective measurement of subsequent changes in the effects of the constraints.

Description: This article provides a description of three factor updates for the NAIC Risk-Based Capital that will take effect in 2012.

Description: Feature article discussing the pros and cons of insurance companies in stretch management, using dreams to set business targets with no idea how to get there.

Description: Feature article discussing the Morris Report and its influence on U.K. actuaries and development of the Financial Reporting Council FRC. This includes the Board for Actuarial Standards BAS, Professional Oversight Board POB, and the Accountancy & Actuarial Discipline Board AADB.

Description: Article discussing the SOA’s addition of a new membership section, Social Insurance & Public Finance Section and a new section of the Web site, Pathway to Membership.

Description: Discusses variability in per capita health-care costs by health-care provider.

Description: This article summarizes a recent session at an SOA meeting that presented tips on improving and speeding the product filing process.

Description: Strategic Risk Management was given lower priority in a recent survey of ERM Objectives. This article tells how the author believes that recent events have caused many to shift to a more short term focus and in the future there will be a shift back to a priority for the longer term view that stands behind Strategic Risk Management when the environment settles down and things again seem to be more predictable.

Description: This article provides a perspective on the SOA’s Aging and Retirement research reports, and on the types of research that are included. The SOA does a lot of research on different retirement topics, and many people are not aware of the scope of this work. This article offers an overview of the big picture as we think about the future. The article describes longer-term challenges to the US retirement system and recent developments that have affected the system and created uncertainty. It provides an overview of what individuals have said about retirement and their view of post-retirement risks and planning in a variety of consumer research studies. It then reviews some of the research and provides information on summary reports which provide insight on the findings from multiple related research reports. It also provides information about consumer education and what is currently available and in process. It then focuses on how the SOA is helping retirement professionals understand current and expected change and discusses areas of uncertainty as we help those we serve deal with change.