This podcast discusses the study sponsored by the Product Development Section, International Section, Smaller Insurance Company Section, and the Committee for Life Insurance Research.  This study examines global product development (PD) practices of life insurance and annuity companies. Performed by LIMRA and RGA, this project consisted of a survey of North American life insurance and annuity companies and examined current insurer PD processes including the evolution of the current strategy; variation of the strategies by company characteristics (e.g., size, life vs. annuity) and region (e.g., United States vs. Canada vs. Other companies); and identified leading PD practices globally. The results of the research can provide the life insurance industry with a resource to help enhance resource management and current processes to better serve the needs of its stakeholders.


This podcast discusses the study, Parameter Uncertainty, sponsored by the Casualty Actuarial Society (CAS), Canadian Institute of Actuaries (CIA), and the Society of Actuaries' (SOA) Joint Risk Management Section and the Joint Risk Management Research Committee. Authored by a Hartman Analytics team of Brian Hartman, Robert Richardson, and Rylan Bateman, the paper provides structures to incorporate parameter uncertainty in quantifying risk and illustrates the application through case studies.

Direct download: Research_Insights-Parameter-Uncertainty.mp3
Category:Research Insights -- posted at: 12:00am CST

Listen in as Anders Larson, FSA, MAAA, interviews Shea Parkes, FSA, MAAA about Gradient Boosting Machines (GBMs). Although GBMs share many characteristics with Random Forests, they can often provide better performance at the cost of somewhat higher complexity. This discussion covers topics including underlying theory, tuning hyperparameters and modern implementations.

Direct download: SOA17_19_PAF_07_GBMs.mp3
Category:Predictive Analytics and Futurism -- posted at: 10:42am CST

In this first installment in the series, Dale Hall, SOA Managing Director of Research discusses an overview of the Financial Wellness essays with Steve Siegel, SOA Research Actuary and Anna Rappaport, of Anna Rappaport Consulting.

Please note, this podcast was recorded via conference call, rather than our higher sound quality digital recording program.

Direct download: Research_Insights_-_Financial_Wellness_1.mp3
Category:Research Insights -- posted at: 12:00am CST

From the June 2017 Taxing Times:  The IRS has consistently spoken to the doctrine of investor control through private letter ruling requested by insurers and fund managers. And within the past decade, many of those requests, and the rulings issued in response, dealt with the concern that indirect investment in publicly-available funds could, depending on the structure employed, fall on the wrong side of the doctrine. Three recent private letter rulings, the subject of this article, represent a continuation of this trend.  Written by John T. Adney and Bryan W. Keene.  Read by Dan Theodore.

Direct download: TT_June2017_InvestorControl.mp3
Category:Taxation -- posted at: 10:00am CST

The field of public health does important work around the world in keeping populations safe and healthy.  This podcast will explain how the SOA Health Section's strategic initiative on public health is working to educate and connect actuaries with the world of public health.

Direct download: SOA17_16_Health_04_Public_Health.mp3
Category:Health -- posted at: 8:10am CST

This podcast discusses the article, US Pension Discount Rate Comparison 2009-2014,which compares the recent historical relationship between pension plan funded status and discount rates used to compute liabilities for funding purposes. Comparisons include all three major categories of defined benefit pension plans in the United States: single employer (SE) plans, multiemployer (ME) plans, and state and large city public plans (PP)


This podcast discusses the December 2016 Internal Revenue Service (IRS) proposed updated mortality tables, starting in 2018 for minimum funding requirements for single employer defined benefit pension plans.  This study estimates the impact of the proposed change on the single employer pension system as a whole; the impact on individual plans may differ.


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