Description: The world is changing at an increasing pace and is disrupting everything from how one orders goods and services to how they take a taxi or Uber. Increasingly, this disruption is affecting the work of actuaries. Moreover, actuaries are being asked to provide more value-added services. Not only is this requiring actuaries to leverage exponential technologies not traditionally used in the insurance industry, but it is also impacting the types of staffing and training models utilized by actuaries. With a broader trend to alternative workforce arrangements, such as the gig economy and crowdsourcing, how will actuaries transition to this new future of working? What are the different types of off-balance sheet workers? How can companies create a strategy to deal with the hybrid workforce that involves different types of workers, cross-country borders, and other changes? This session will outline how actuaries and actuarial functions can successfully prepare themselves for this change.

Description: This is the Executive Summary of the results of a study, sponsored by the Society of Actuaries and the Actuarial Foundation, which assesses the extent to which retirement planning software programs help users understand post-retirement risks.

Description: The second of three articles exploring the new technology offered by Santa Fe, New Mexico-based Assuratech, Inc. Describes the development of the applied complex adaptive systems technology behind Assuratech’s highly sophisticated program that uses simulation and data mining techniques for accurate, reliable versatile risk modeling.

Description: Article on how new technology can help streamline contracting, licensing and new business workflow processes.

Description: This is the Executive Summary of the results of a study, sponsored by the Society of Actuaries and the Actuarial Foundation, which assesses the extent to which retirement planning software programs help users understand post-retirement risks.

Description: This report reviews retirement planning software programs currently available to individuals and their professional advisors. The report does not rate or recommend specific programs. Rather, it explains how programs that are currently available work, and what features can be improved.

Description: This software was developed as a pedagogical tool to help demonstrate the impact of a change in retirement income strategy on potential financial outcomes. A user can consider various strategies of longevity and asset performance risk transferal and observe the resulting changes on a range of modeled outcomes. The overall purpose is to provide an understanding of the trade–offs of risk and reward in retirement strategies. The software is not intended as a comprehensive retirement planning tool and should not be used, under any situation, for this purpose.

Description: This software was developed as a pedagogical tool to help demonstrate the impact of a change in retirement income strategy on potential financial outcomes. A user can consider various strategies of longevity and asset performance risk transferal and observe the resulting changes on a range of modeled outcomes. The overall purpose is to provide an understanding of the trade–offs of risk and reward in retirement strategies. The software is not intended as a comprehensive retirement planning tool and should not be used, under any situation, for this purpose.

Description: This article discusses the shortfalls present in most retirement planning software. Some of these come from the design of the software and some from unsophisticated use of it. In any case, the resources needed for retirement are often understated.