Description: Milliman has embarked on a multiyear aspirational effort with the United Nations Development Programme (UNDP)’s Insurance and Risk Financing Facility (IRFF) to build actuarial capacity and, as a result, support economic development in the developing world. The Global Actuarial Initiative (GAIN) was launched and announced at the 77th United Nations General Assembly on September 18, 2022 and aims to enhance and strengthen the actuarial profession in multiple target countries. GAIN efforts are focused on the goal of sustainable economic development by advancing effective risk management in developing nations. The interventions we embark on through GAIN will vary by country, reflecting its current actuarial needs, what we see as opportunities for improvement, and more importantly what the local stakeholders see as the most useful activities.

Description: Feature article that spotlights the SOA’s Actuarial Marketplace Solutions and Research departments.

Description: The Society of Actuaries (SOA) Research Institute received a grant from the U.S. National Science Foundation (NSF) to educate insurance actuaries on the use of wildfire risk datasets and models to be developed by researchers from academia and the U.S. National Aeronautics and Space Administration (NASA).

Description: What relevance does ESG and Sustainability have for actuaries? In the Life and Health space, we know that large protection gaps persist, reminding us of the challenges reinsurers and insurers face in reaching underserved customers who are often lower-income, less healthy, and more likely to suffer impacts of climate change. The Sustainable Actuary is focused on solving these challenges to make life and health insurance more inclusive. This ImpACTful panel will dive into these challenges and provide practical case studies of more inclusive insurance products that balance considerations for people, the planet, and profit. Listeners will walk away with ideas for how to use their actuarial expertise to enable greater social impact and sustainable business value.

Description: How can we maintain our sanity while staring at the same screen all day, clicking into and bouncing out of meetings? To be successful in today's (remote) world, we must learn how to relate to individuals virtually.

Description: How do Professionalism and the Actuarial Standards of Practice apply as the way we work and tools we use continue to change? Business is conducted via social media and messaging and Generative AI allows for additional scenarios, analysis and oversight. Join us for an interactive session to go deeper into these topics including case studies, polls and a panel discussion.

Description: This report presents Phase 2 of the 2024 IDEC Study, analyzing individual disability income (IDI) claim recovery and mortality rates from 2006-2014. It expands Phase 1's scope—previously limited to 90-day elimination and To Age 65-70 benefit periods—to include additional elimination and benefit periods, examining variations by diagnosis, occupation class, claim year, and gender.

Description: This report provides a comprehensive guide for actuaries, insurance companies and regulators to understand the scope and challenges of earthquake risk and insurance in the U.S. It also looks at Canada and Puerto Rico due to their proximity.

Description: In the past months, as COVID-19 has forced the reduced activity in the U.S. economy there has been some very substantial, but varied effects on the U.S. healthcare system. There is a lot of potential for confusion amongst providers and patients with regards to decisions related to which services ought to be rendered and which ought to be deferred. Two specific agencies – the Centers for Medicare and Medicaid Services (CMS), and the American College of Surgeons (ACS) have put together some guidance to add more clarity towards what types of services should be provided and what types ought to be deferred. In addition, this paper includes a discussion on what types of services are most likely to be deferred, and which ones will accrue pent-up demand to be released when many of the deferred services become available again.

Description: The SOA has translated four of its AIT report summaries into both Traditional and Simplified Chinese. They are “Behavioral Science”, “Big Data and the Future Actuary”, “Cancer Genomics”, and “Cloud Computing and Machine Learning Uses in the Actuarial Profession.