Description: Producing a crystal-clear balance roll-forward on time, obtaining a fresh model output the first time or providing model results for your business partners with a tight turnaround all depend on one thing: how fast the model engine runs. Authors explored various reasons behind significant computational power consumption, and discussed different ways to speed the computational process such as in-force population compression, model use case consolidation, code simplification and streamlining, and infrastructure automation, etc.

Description: In this article, we talk to Lei Rao-Knight, FSA, Vice President and Actuary at Prudential Financial. Lei discusses her model development experience in the Modeling Center of Excellence.

Description: Technology now supports customized non-level death benefits which help consumers optimize their coverage and cost. Creating individual policies and individually pricing them for a level premium quote is the start of personalizing and optimizing coverage and cost for consumers and pricing life insurance policies at the individual consumer level --- a revolution for actuaries.

Description: This article studies the syllabus as a dynamic, interactive teaching tool that informs and is informed by both solutions of complex course problems and student difficulties with these problems.

Description: Profile of an actuary in a non-traditional actuarial role: focusing on medical cost and analysis, both retrospective and prospective.

Description: Commentary on practical observations resulting from constructing and running Economic Capital models. Possible standardization of assumptions and result interpretation are morphing even though use of E.C. models has now been around for years.

Description: This article is the first installment of a three-part series that aims to provide an overview of ESGs and will focus on the general motivation for stochastic modeling, its advantages and its limitations. Future articles will further break down the key factors of ESGs and the application of these factors to better understand the Academy Interest Rate Generator (AIRG).

Description: Part 2 of the article continues providing data on why IUL income streams need to be managed and suggests techniques that insurance companies could provide to policyholders and advisors to do so. The author also offers his research data free of charge to any actuary who contacts him to request it.

Description: Our previous article, “Introduction of Cashflow Matching Strategic Asset Allocation (SAA) Framework,” introduced the concept and included a real-world case study that developed a liability-driven investment strategy for a single line of business (LOB) for a life insurer. This article expands the framework and the case study from a single LOB to simultaneously optimize asset allocation across multiple LOBs. It discusses how this multi-line SAA framework can enable an insurance company to efficiently tag its asset holdings to each LOB, identify opportunities in the public and private asset markets to enhance risk-adjusted returns, and develop a deeper understanding of the trade-off between the degree of cashflow matching and risk-adjusted returns across LOBs.

Description: The article provides a summary of key issues presented at the 2023 U.S. Living to 100 Symposium focused on the interests of retirement professionals and retirees. It provides an overview of the subjects covered. The discussion focused on the well-being of retirees and the development of the retirement system. It is focused on late-in-life issues and having the best life possible during that period. It balances technical and lifestyle issues, with an emphasis on mortality and longevity trends and influences. Some of the topics discussed include the impact of COVID, climate, housing, and age-friendly communities. The Elder Tech Symposium was merged into Living to 100 and includes discussion of a variety of technology approaches to improve lives and simplify support. The symposium recognized that the decisions needed and concerns during retirement are different later in life, particularly as people decline.