Description: The Society of Actuaries (SOA) Research Institute and the National Conference on Public Employee Retirement Systems (NCPERS) announced development of a new study, focusing on U.S. public pension plan mortality data. Sponsored by NCPERS, the study will analyze in-depth data from more than 30 U.S. public pension systems spanning from 2022 to 2026. The research findings are scheduled to be released around 2030.

Description: The Society of Actuaries (SOA), the world’s largest actuarial professional organization, announces the opening of a new regional office in Singapore. Actuaries are professional experts in measuring and analyzing risk, and work in a variety of fields, including insurance, healthcare, consulting, financial services, government and education.

Description: Heavy calculations are needed for life insurance financial reporting and ALM modeling requirements. Actuaries need to work with IT to weigh in on various approaches like optimized grid-computing set up vs. modeling approximation to deliver the required reserve calculation results on time at a reasonable cost. This webcast will explore the cost benefits of some of the techniques, which helps actuaries in their discussion with their IT counterpart.

Description: In this interactive presentation, you will learn how people make decisions and how this can lead to errors in judgement and irrational choices.

Description: This web page summarizes the research project entitled 'The Effect of Deflation or High Inflation on the Insurance Industry.' The project is comprised of report of the same name, Excel spreadsheets that stochastically model the effects of inflation and deflation, and a users guide for the spreadsheets, all of which can be accessed from this web page.

Description: In 2012, the Federal Reserve Board’s Division of Consumer and Community Affairs conducted an online survey of older adults. The survey set out to answer: • How do older adults use financial products as they age? • How do older adults make their financial decisions and where do they turn for advice? • What are older adults’ main sources of financial stress? Since the fielding of that survey, the American economy has steadily recovered from the Great Recession. In April 2015, the University of Southern California’s Understanding America Study (UAS) conducted the Financial Management Survey to investigate how the financial lives of Americans have changed with the recovery. In addition to updating the earlier survey this also serves as a contrast because the data covers all ages 18 and over, allowing a comparison of the financial management of individuals and households of all ages.

Description: This study explores whether public pension plans have contributed enough to reduce unfunded liabilities, absent other influences such as investment returns.

Description: As part of its work, the PBITT Working Group issued its seventh survey to gather the range of assumptions actuaries use in pricing, reserving, and risk management of minimum guarantees on Variable Annuity products, such as death benefits, income benefits, withdrawal benefits and maturity benefits.

Description: The Human Mortality Database is a unique open‐access collection of detailed mortality and population data for 38 countries.

Description: Recognizing the importance of fortifying risk adjustment programs against selection based on nontraditional variables, the Society of Actuaries’ Health Section sponsored an in-depth study into the relationship of nontraditional variables with health costs. This report presents the results of this study.