Released in May 2020, this paper, jointly prepared by the CIA with the Society of Actuaries and the Casualty Actuarial Society, presents a new framework to analyze the potential cyber risks facing organizations. The report’s co-author Unal Tatar, and Fei Xie (FCIA), member of the project oversight group, join us for the discussion.
Released in late 2020, this research paper, prepared jointly with the Society of Actuaries, examines lapse and mortality experience on term insurance plans once they reach the end of the initial level premium period. Steve Schumacher, FSA, MAAA, one of the paper’s authors, joins us to discuss their findings and the implications for product pricing.
The five-year moving average of the Actuaries Climate Index (actuariesclimateindex.org) reached a new high for the tenth consecutive quarter, according to the latest data release that includes summer 2020. The five-year moving average now sits at 1.23 points above the reference period of 1961-1990.
Developing estimates of future economic variables is a core actuarial skill, which normally combines data analysis with professional judgment. A technique known as the Real Time Delphi method is another means by which to accomplish this, leveraging the judgment of experts to arrive at a consensus forecast. A recent joint study with the Society of Actuaries applied this process to four key...
As attention to climate issues grows, ACI provides objective data on key climate measurements Washington, D.C., Arlington, VA, Schaumburg, IL, and Ottawa, ON (Dec. 1, 2020)—With climate risk issues receiving increased focus in 2020 and poised for even greater attention from the public and public policymakers in 2021, the Actuaries Climate Index continues to provide important up-to-date data for...
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