For its summer international focus, The Actuary takes a look at Bermuda, one of the largest global reinsurance domiciles and, as reports show, home to more than 40 life and annuity entities. From multinationals to boutique life reinsurance firms, Bermuda has a mix of experience levels, all of which are adapting to regulatory enhancements. In…
The Society of Actuaries (SOA) is dedicated to continually improving our operations so we can be well positioned for the future. The SOA Board of Directors (Board) initiated a Task Force in fall 2024 to review SOA Board governance, pinpoint challenges, examine leading practices and solicit member feedback. The insights gathered by the Task Force…
Hispanic Heritage Month is observed annually to honor the rich history, diverse cultures, and significant contributions of Latino/a/x and Hispanic communities in the United States. In 2025, the celebration will take place from Monday, September 15, through Wednesday, October 15. Hispanic Heritage Month actually began as a commemorative week when it was first introduced in…
For tens of thousands of years, human beings communicated information through time and across generations verbally and with gestures. Caregivers, elders and storytellers passed stories on to younger individuals. Eventually, humans developed written language. This meant we could rely on what others wrote. If future generations could read it, it would persist. First, some history.…
In the wee morning hours of August 24, 1992, Hurricane Andrew came calling just north of Homestead, Florida. With sustained winds of 165 mph, it would be the strongest hurricane to hit the United States in nearly 60 years. The loss of life was thankfully relatively low. The property damage and the impact on the…
One of my favorite quotes attributed to Steve Jobs is, “Innovation is the ability to see change as an opportunity—not a threat.” In the working world, in my observation, innovation—particularly around AI advancements—at times has seemed more like a job security threat than an opportunity. However perceived, there’s no doubt more change opportunities are coming.…
Teamwork. Perseverance. Intellectual curiosity. Three traits UWaterloo’s (Ontario, Canada) Team Factuarial —William Zhang, Ki Yan Chan and Kevin Jiang—relied on to take first place in the Society of Actuaries (SOA) Research Institute’s 2025 Student Research Case Study Challenge. Each year, the SOA Research Institute invites college students to work on a hypothetical case study. Teams…
In the dynamic world of actuarial science, professionals often find themselves traversing borders and accumulating diverse experiences that enrich their careers and broaden their perspectives. As part of The Actuary Canada’s August International issue, we delve into the story of Jennifer Dickson, FSA, FCIA, FIA, whose career trek has brought her from Europe to Toronto…
The Actuary’s “Terminology” series, developed in collaboration with the SOA Research Institute’s Catastrophe and Climate Research Steering Committee, seeks to address inconsistent, evolving and complex terms that may require further explanation or examples. These terms are either new to actuaries or may be used differently by actuaries, climatologists, sustainability experts and other stakeholders. This second…
Generative artificial intelligence is rapidly evolving, with tools, methodologies and applications developing at an astonishing speed. By now, it’s almost a cliché to say generative AI is revolutionary, and it may seem difficult to keep up with the pace of change. How can actuaries leverage this powerful technology to increase their productivity and enhance their…