Description: This session will27601 summarize the key National Association of Insurance Commissioners (NAIC) activities with a primary focus on updates to principle-based reserve valuations and appointed actuary topics. Hear insights into the current set of activities and initiatives being considered and/or adopted by the NAIC Life Actuarial Task Force (LATF) and the NAIC Risk Based Capital Working Group. In addition, other actuarial practice issues and other appointed actuary and opinion topics relevant to life insurance, variable annuities and fixed annuities will be discussed, including recent exposures and adoptions by the Actuarial Standards Board. By the end of the session, attendees will understand what changes are being made to reserves, RBC, PBR and actuarial standards and related topics, and the anticipated timing of such emerging changes.

Description: Generally accepted accounting practices (GAAP) reporting frameworks are more involved than ever before. From disclosures, to assumption changes, to interest rate movements, uncovering the drivers of income emergence can prove hard to do, and even trickier to communicate. This session will revisit how the updated standards create layers of complexity and offer ways to side step these obstacles to generate useful earnings analysis by various drivers.

Description: Society of Actuaries community elections information.

Description: The Retirement Plan Design course is the first part of the two-course sequence in the Retirement Benefits practice area.

Description: The Retirement Plan Valuation course is the second part of the two-course sequence in the Retirement Benefits practice area.

Description: News stories from this past year have included a steady stream of reporting about events associated with climate risk. Photos of devastation from this past summer’s wildfires, deaths caused by heat waves, and suffering from other severe weather events have made clear the far-reaching impact of these events. In addition, there is an increase in concern in longer term non-catastrophic changes (e.g., air quality, higher heat indices, etc.) that may impact such things as land use and health and well-being. As more encounters with these events have occurred, it has become increasingly evident that retirees and those approaching retirement can be both directly and indirectly impacted in their aftermath. This impact may be felt across several broad areas including: retirement investments and the economy; housing; governmental/policy shifts; individual retirement planning and risk assessments, financial institution changes, and additional ill-health and mortality. With these issues in mind, the Society of Actuaries (SOA) Research Institute’s Aging and Retirement, and Catastrophe and Climate Strategic Research Programs (“sponsors”) have partnered on this research effort to explore this topic from the perspectives of a variety of retirement system stakeholders. The result of this effort is intended to provide a useful resource for readers to become well-grounded on the issues surrounding the impact of climate risk on retirement and set the stage for future research.

Description: Actuarial Research Topics for Long Term Services and Supports (LTSS)

Description: FAP module frequently asked questions

Description: Research Objective The Society of Actuaries Research Institute General Insurance Research Committee is seeking researchers to identify and analyze the various by-component inflationary forces on pet insurance affordability in the United States and Canada. In addition, we seek ideation of potential solutions that are likely to improve the affordability of pet insurance.

Description: This report is about the implications for actuaries from the ISSB and global climate-related financial disclosure standards, addressing standards, regulations, and actuarial involvement. It discusses the new ISSB standards, their requirements, and the role of actuaries in climate risk management.