Description: LDTI’s introduction has forced many insurers to examine their existing operations and technologies. They must determine how to optimize compliance efforts while balancing data, analytics and system modernization considerations to achieve maximum value. This article will examine the four key facets—the data, technology, processes, and people—essential to any successful LDTI exercise. It will also touch on the various approaches for tackling LDTI and how a modernization mindset can help insurers realize much greater transformation for the business.

Description: The chairperson reviewed the accomplishments from the prior year and provided a preview of upcoming events.

Description: How the speed of change is accelerating and how we could react to this as a profession.

Description: The article urges actuaries to see AI not just as a tool but as a strategic partner, drawing parallels to past transformative technologies like the printing press. Using NAIC survey data, it shows AI adoption is surging in health and auto insurance, lagging in life. It outlines AI’s potential to boost productivity, improve data quality, and enhance contract analysis, while warning actuaries to master AI before others use it to evaluate their work. Ethical standards demand transparency and fairness, making responsible AI use part of professional duty. Historical examples—like James C.H. Anderson’s 1970s cash flow testing breakthroughs—highlight how visionary actuaries can redefine the profession. The article applies Harvard professor Jeff Bussgang’s “hair-on-fire” innovation lens, suggesting AI-powered, urgency-driven insurance products, akin to Y2K coverage, could revolutionize offerings. It calls on actuaries to address protection gaps, discrimination, and industry opacity through AI-enabled fairness. The message: courage, creativity, and proactive adoption will let actuaries shape—not just survive—the AI-driven future. The closing reflects on the author’s tenure with the SOA Reinsurance Newsletter, framing this as a final, forward-looking call to action for actuaries ready to lead in a transformed insurance landscape.

Description: James Dunseth's MBA journey at Yale’s School of Management and his startup internship taught him invaluable entrepreneurial lessons. Key takeaways include the importance of customer feedback, flexibility, technical skills, effective metrics, and achieving product-market fit. These insights emphasize customer-centric approaches, agile methodologies, technical understanding, and strategic metric use to guide business decisions and foster innovation.

Description: It was an honor, for Dr. Tianyang Wang, Co-Eeditor of Expanding Horizons, to have this Fireside Chat had a great conversation with Dr. Guillen Guillen Estany in January 2023, and invited her for this featured Fireside Chat interview which resulted in a great conversation.

Description: Global megatrends in technology are disrupting the life insurance industry.

Description: We explore the question of how an actuary–artificial intelligence collaboration might look in the future and how actuaries should be trained to best leverage this technology. It felt fitting to accomplish this through a conversation with an AI system, as AI involvement is warranted to ground the analysis in the technology’s true capabilities.