Description: When contacting a university or college with an actuarial program the following set of questions may help you to assess the quality of an actuarial program you are considering.

Description: Find detailed information about waiver of meeting fees.

Description: As AI becomes more pervasive, we must consider the potential repercussions and risks associated with its widespread use. The SOA seeks essays that delve into the multifaceted risks posed by (AI) over both the short and long term.

Description: Call for essays that provide practical applications of in-depth research papers that will be published in the upcoming edition of the NAAJ.

Description: This study would assess the impact of recent patient care innovation(s) on health care and the health insurance industry.

Description: The information assembled here has been collected by the SOA ambassadors, and is meant to provide you with a window into the condition and practice of insurance in the host country.

Description: Section council members represent one of the largest leadership groups of the Society of Actuaries (SOA). Each of the SOA’s 20 sections are led by a council of 9–12 elected council members that help shape the activities and professional development programs within each professional Section. Generally, Section Council members serve a three-year term.

Description: it discusses the framework and modeling of the market consistent valuation of fixed indexed annuity, against the backdrop of the convergence of accounting standards and internal risk management.

Description: In 2018, the Financial Accounting Standards Board (FASB) adopted significant revisions to the U.S. GAAP insurance accounting literature, via Accounting Standards Update (ASU) 2018-12. The title of ASU 2018-12 is “Targeted Improvements to the Accounting for Long-Duration Contracts,” and as a result, a common acronym for ASU 2018-12 is LDTI (long-duration targeted improvements).

Description: In this article, we summarize inflationary factors that may result in a sharp increase in interest rates and implications for life insurer convexity risk exposure, most notably to dynamic policyholder lapsation. We further provide insights into potential ALM strategies to mitigate this convexity risk. Due to the prolonged low-interest rate environment and low minimum interest rate guarantees offered to policyholders, liability convexity is higher than prior historical periods, which results in life insurers’ ALM positions being extremely vulnerable to short-term interest rate spikes. Convexity mismatches cause issues for life insurers under both rising and declining interest rate scenarios. This means that life insurers are not compensated for taking convexity risk and, therefore, convexity matching should always be considered in the asset optimization process. There are mixed signals from policymakers and financial markets regarding potential inflationary and sharply rising interest rate scenarios. The key takeaway is that life insurers are not compensated for taking convexity risk and it is the right time for insurers to review convexity exposure. There are different approaches available to mitigate convexity exposure through rebalancing of asset positions and hedges within each life insurer’s risk limits.