In the early 2000s, I worked for an insurance software company with many multinational clients. Quite a few of them had subsidiaries in Asia. This gave me the opportunity to travel to Japan to prospect for new business. In 2025, my wife and I vacationed in Japan. That gave me a chance to reflect on…
On January 27, 2026, the Bulletin of the Atomic Scientists moved the Doomsday Clock to 85 seconds to midnight. Among the reasons cited was the advancement of “disruptive technologies,” including artificial intelligence (AI). While the Doomsday Clock is a symbolic measure rather than a specific risk indicator, its inclusion of AI reflects broader public concern…
Undaunted by an intergalactic case study, a student team from the University of New South Wales, Australia, exercised their creativity and determination to achieve first place in the Society of Actuaries (SOA) Research Institute’s 2026 Student Research Case Study Challenge. Team VALCS Consulting, made up of Alan Steny, Carol Zhang, Liya Ruan, Sarina Truong and…
The Society of Actuaries (SOA) is entering an exciting new chapter with Clar Rosso joining as Chief Executive Officer (CEO). Rosso officially joined the SOA on May 4, 2026, succeeding Greg Heidrich, who recently retired. Rosso brings extensive experience leading global professional organizations. She has a strong background with global growth strategies, digital transformation, executive…
I recently finished economist Frank H. Knight’s 1921 book, “Risk, Uncertainty, and Profit.” Even though it was written more than a century ago, its relevance today, in my view, remains significant. Many of its core insights on business and decision-making are sometimes less emphasized in modern discussions. This article is not a book review, but…
Typically celebrated in May, Asian American, Native Hawaiian and Pacific Islander (AANHPI) Heritage Month is often a time to celebrate food, culture and community. But for those of us working in the actuarial profession, it can also be a time to reflect on something less visible: perspective. In 2026, as headlines focus on volatile interest…
As artificial intelligence (AI) advances, it is worth pausing to note that the actuarial profession has successfully navigated technological disruption before. Using primary tools such as manual calculators and logarithmic tables, the actuary of yesteryear checked and rechecked mortality tables, premiums and reserves estimates, albeit via laborious computation. When the room-sized mainframes arrived—with processing speeds…
EDITOR’S NOTE This article is based on a presentation by EY Japan at an Institute of Actuaries of Japan open discussion forum on Nov. 7, 2025. The Japanese life insurance market, with its immense scale and unique regulatory landscape, is undergoing a profound transformation in its reinsurance approach. Reinsurance has evolved from a simple tool…
While finishing my final undergraduate semester as a math major at the University of North Texas, I decided to experiment with artificial intelligence (AI) to enhance my study techniques. This article walks through my journey of what inspired me to start using AI (specifically, large language models (LLMs)), and some of the lessons I learned.…
The actuarial profession and the Society of Actuaries (SOA) have long been defined by their ability to adapt, innovate and lead through change. Over the past decade at the SOA, we have expanded our global presence, enhanced our educational pathways, and reinforced our commitment to preparing actuaries to lead in a world shaped by emerging…