Description: View the Spring 2021 Society of Actuaries Exam –General Insurance, Financial and Regulatory Environment – U.S. Case Study.

Description: Abstract for the 2008 ERM Monograph Paper, “The Value of Enterprise Risk Management: Evidence from the U.S. Insurance Industry”

Description: This document describes an effort to measure the deaths in the U.S. population relative to pre-pandemic expectations. This report updates the original report, 2020 Excess Deaths in the U.S. General Population by Age and Sex, with more complete data for 2020.

Description: View the Spring 2021 Individual Life and Annuities Life Financial Management, U.S Exam .

Description: View the Fall 2020 Retirement Benefits—Design and Accounting, U.S. Exam Solution.

Description: View the Fall 2020 Group and Health—Finance and Valuation–U.S. Excel File.

Description: View the Fall 2017 Introductory Study Note for the Individual Life and Annuities- Life Finance And Valuation, U.S. Exam.

Description: Milliman, Inc. Milliman was retained by the Society of Actuaries SOA to perform certain actuarial analyses with respect to the Z-Factor methodology under a principles-based approach PBA to statutory reserve and capital. Under PBA, the Z-Factor is a measure of margin in excess of the best estimate assumptions embedded in the statutory reserves of a life insurance product or block of business.

Description: The SOA conducted a study of uninsured pension plan mortality in response to The Retirement Protection Act of 1994 and to ensure that the Treasury Department would have current and thorough information available when it considers updating the mandatory mortality table to be used when when calculating Current Liabilities for pension plans. The purpose of this report is to provide actuaries with all of the significant findings of the study along with a full explanation of when and how these should be used in reviewing or setting mortality rates for specific plans.

Description: Historically different approaches have been used by actuaries in modeling mortality improvement. The SOA has recently released a framework that practitioners can use to project mortality improvement, providing methodological consistency across a range of applications.