Description: The COVID-19 pandemic and its economic effects have resulted in significant insurance impacts. The General Insurance Research Committee (GIRC) of the SOA put forth a call for essays exploring the potential effects on commercial liability insurance. The committee selected this essay, “Evolving Trends in Commercial Liability Insurance,” submitted by Karl Canty and Varun Balutia of EXL, and awarded them a prize of $1,000. The GIRC congratulates the authors and is happy to publish the winning essay on The Actuary website

Description: This report predicts farm-level crop yield distributions in the absence of farm-level yield data.

Description: This research report introduces Delta Boosting as a new member of the boosting family.

Description: This article provides an update on recent activities from the General Insurance Research Committee.

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: 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: Bodily injury coverage pays for injuries and lost work time caused to another person while the insured person is operating a vehicle whether or not the injured person(s) are in a vehicle

Description: This article examines the property losses sustained by homeowners and the economic losses sustained by insurance companies and government agencies due to California wildfires.