Contingencies

As cell and gene therapies evolve, actuaries must adapt models to account for evolving regulations, uncertain clinical outcomes, and changing financial frameworks.

Generative AI can boost efficiency in underwriting, claims, and IT, but overuse risks eroding judgment and empathy. A balanced framework ensures benefits without losing the human touch.

Academy membership helps actuaries stay ahead with the tools, knowledge, and networks to grow professionally, enables employers to tap into this expertise, and strengthens the U.S. profession.

An evolving Social Security, rising health care costs, and climate-driven insurance challenges are impacting retirement in ways that are increasingly interconnected. Actuaries are uniquely positioned to analyze how these pressures intersect and affect retirement outcomes.

Simple concepts that can enable financial statement users to make sense of the performance of long-duration insurance contracts.

The Academy’s Spring Policy Summit brought actuaries, regulators, and congressional staff together to discuss pressing midterm-year policy issues and more. Panels highlighted how the Academy’s nonpartisan expertise informs policy and the event underscored the value of the Academy and its members.  

By Martin Eling

From ransomware outbreaks to multisector IT failures, the framework outlined in the article estimates potential losses from extreme cyber events and shows why insurers, risk managers, and policymakers must act before these disruptions set off a chain reaction across the economy.