Risk Management Research Reports
If you’re looking for research projects and reports on risk management topics, you’ve come to the right place. The SOA offers research, authored by an individual or a team of authors, for download in just a few clicks. Most reports are in PDF format.
2019
- Copula Models of Economic Capital for Life Insurance Companies
June
This report examines the use of a copula approach to build a predictive model to estimate the amount of economic capital a life insurance company needs to protect itself against an adverse movement in interest rates, mortality, and other risk drivers. - 12th Annual Survey Of Emerging Risks
April
The Casualty Actuarial Society, Canadian Institute of Actuaries, and the Society of Actuaries' Joint Risk Management Section is pleased to make available the key findings from the 2018 Emerging Risks Survey, the twelfth in the series. - Policyholder Behavior in the Tail Risk Management Section Working Group Variable Annuity Guaranteed Benefits 2018 Survey Results
January
The Joint Risk Management Section is trying to develop better estimates of policyholder behavior in the tail (PBITT). The mission of the PBITT working group is to examine and ultimately give guidance to actuaries on how to set policyholder assumptions in extreme scenarios. - Machine-Learning Methods for Insurance Applications-A Survey
January
The Society of Actuaries is pleased to make available a research report that provides a literature survey of methodologies applying machine learning to insurance claim modeling.
2018
- 11th Annual Survey Of Emerging Risks
October
The Casualty Actuarial Society, Canadian Institute of Actuaries, and the Society of Actuaries' Joint Risk Management Section is pleased to make available results from the 2017 Emerging Risks Survey, the eleventh in the series. - 2018 Universal Life with Secondary Guarantees Survey: Survey of Assumptions for Policyholder in the Tail
September
The PBITT Working Group presents a summary of the 2018 UL with Secondary Guarantees Survey. - Applying Image Recognition to Insurance
June
This research report discusses the impact of image recognition on the insurance industry. - National Risk Management: A Practical ERM Approach for Federal Governments
April
The Canadian Institute of Actuaries, the Society of Actuaries and the Joint Risk Management Section of the Casualty Actuarial Society, Canadian Institute of Actuaries, and the Society of Actuaries are pleased to make available a whitepaper on the application of enterprise risk management at a federal government level. - Effective ERM Stakeholder Engagement
March
The Joint Risk Management Research Committee announces the release of a new report on enterprise risk management (ERM) stakeholder engagement. Authored by Kailan Shang, this report examines current practices and identifies challenges to achieving ERM stakeholder buy-in. It also offers strategies to help overcome these challenges and improve ERM stakeholder engagement. - Policyholder Behavior in the Tail Joint Risk Management Section Working Group Variable Annuity Guaranteed Benefits 2017 Survey Results
January
As part of its work, the PBITT working group issued its annual survey to gather the range of assumptions actuaries use in pricing, reserving, and risk management of minimum guarantees on Variable Annuity products, such as death benefits, income benefits, withdrawal benefits and maturity benefits.
2017
- 10th Survey Of Emerging Risks
October
The Casualty Actuarial Society, Canadian Institute of Actuaries, and the Society of Actuaries' Joint Risk Management Section is pleased to make available a research report describing the results of the 2016 Emerging Risks Survey, the tenth in the series. - 2017 Universal Life with Secondary Guarantees Survey Summary
July
As part of its work, the PBITT working group issued a survey that gathered the range of assumptions actuaries use in pricing, reserving, and risk management of UL with Secondary Guarantees. This report summarizes the findings of the survey. - 2017 Enterprise Risk Management Symposium
April - Parameter Uncertainty
April
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, this study examines and describes parameter uncertainty. - Mitigating Extreme Risks through Securitization
March
Sponsored by the Society of Actuaries Research Expanding Boundaries Pool, this research report introduces readers to Insurance-linked securities (ILSs) emphasizing catastrophe bonds (CAT) and industry loss warranties (ILWs). The report also discusses the pricing of ILSs and issues in utilizing them as hedging tools. - Reviewing Systemic Risk in the Insurance Industry
February
2016
- Policyholder Behavior in the Tail Joint Risk Management Section Working Group Variable Annuity Guaranteed Benefits 2016 Survey Results
October - Modeling the Unemployment Risk in Insurance Products
October - 2015 Emerging Risks Survey
September - Social Media Analysis of Catastrophic Responses: Twitter Data Analysis of Tornadoes
June - Policyholder Behavior in the Tail Risk Management Section Working Group UL with Secondary Guarantee 2015 Survey Results
April - 2016 Enterprise Risk Management Symposium
April
2015
- 2014 Emerging Risks Survey
December - Risk Implications of Unemployment and Underemployment
December - Emerging Risks Survey Reports and Articles
December - Life Insurance Regulatory Structures and Strategy: EU Compared to US
September - ORSA Process Implementation for Internal Stakeholders
September - Policyholder Behavior in the Tail Joint Risk Management Section Working Group Variable Annuity Guaranteed Benefits 2015 Survey Results
September - Extreme Events for Insurers: Correlation, Models and Mitigation Study
May - Front-Page Risks: Risks Commonly Occurring and Reported in the Canadian News
April - 2015 Enterprise Risk Management Symposium
April - Risk Assessment Applications of Fuzzy Logic
March - Policyholder Behavior in the Tail Risk Management Section Working Group UL with Secondary Guarantee 2014 Survey Results
February - Regulatory Risk and North American Insurance Organizations: A Company Perspective
February
2014
- Policyholder Behavior in the Tail Joint Risk Management Section Working Group Variable Annuity Guaranteed Benefits 2014 Survey Results
September - Regulatory Risk and North American Insurance Organizations
August - Sustained Low Interest Rate Environment: Can it Continue? Why it Matters
June - Model Validation for Insurance Enterprise Risk and Capital Models
April - 2014 Enterprise Risk Management Symposium
April - 2013 Emerging Risks Survey
March - Policyholder Behavior in the Tail Risk Management Section Working Group UL with Secondary Guarantee 2013 Survey Results
January
2013
- Assessing High-Risk Scenarios by Full-Range Tail Dependence Copulas
December - Applying Fuzzy Logic to Risk Assessment and Decision-Making
November - Natural Resource Sustainability Summit
November - Policyholder Behavior in the Tail Joint Risk Management Section Working Group Variable Annuity Guaranteed Benefits 2012 Survey Results
September - 2012 Emerging Risks Survey
May - 2013 Enterprise Risk Management Symposium
April - When Black Swans Aren’t: Holistically Training Management to Better Recognize, Assess, and Respond to Extreme Events
March - Comparative Failure Experience in the U.S. and Canadian Life Insurance and Banking Industries from 1980 to 2010
March - Policyholder Behavior in the Tail Risk Management Section Working Group UL with Secondary Guarantee 2012 Survey Results
March - Application of Actuarial Science to Systemic Risk
February - Value Investing and Enterprise Risk Management: Two Sides of the Same Coin
January
2012
- Determining the Impact of Climate Change on Insurance Risk and the Global Community Phase 1: Key Climate Indicators
November - Development of a Network Model for Identification and Regulation of Systemic Risk in the Financial System
October - 2011 Emerging Risks Survey
April - Risk Appetite: Linkage with Strategic Planning
April - 2012 Enterprise Risk Management Symposium
April - Policyholder Behavior in the Tail Joint Risk Management Section Working Group Variable Annuity Guaranteed Benefits 2011 Survey Results
March - The Scope of Developing Optimization Models for Insurer's Operational Risk from Risk-Return Trade-Off Perspective
February
2011
- Actuarial Methods for Valuing Illiquid Assets
December - Policyholder Behavior in the Tail Risk Management Section Working Group UL with Secondary Guarantee 2011 Survey Results
November - 2011 Enterprise Risk Management Symposium
April - 2010 Emerging Risks Survey
March - Policyholder Behavior in the Tail Joint Risk Management Section Working Group Variable Annuity Guaranteed Benefits 2010 Survey Results
January
2010
- A Study of International Solvency Regimes
November - Determinants of Insurers' Reputational Risk
October - Reflecting Risk in Pricing Survey Report
September - Potential Impact of Pandemic Influenza on the U.S. Health Insurance Industry
July - 2009 Emerging Risks Survey
May - Exploration of Reputational Risk from the Perspective of a Variety of Stakeholders
May - Policyholder Behavior in the Tail Risk Management Section Working Group UL with Secondary Guarantee 2009 Survey Results
April - 2010 Enterprise Risk Management Symposium
April - Enterprise Risk Management (ERM) Practice as Applied to Health Insurers, Self-Insured Plans, and Health Finance Professionals
January
2009
- Policyholder Behavior in the Tail Joint Risk Management Section Working Group Variable Annuity Guaranteed Benefits 2009 Survey Results
October - The Financial Crisis and Lessons for Insurers
September - Corporate Reputational Risk and ERM: An Analysis from the Perspective of Various Stakeholders
May - 2009 Enterprise Risk Management Symposium
April - Emerging Risks Survey
January
2008
- Policyholder Behavior in the Tail Risk Management Section Working Group UL with Secondary Guarantee 2008 Survey Results
November - Copula Phase Transitions Report
September - Economic Capital: Correlation Matrices and Other Techniques–A Survey and Discussion
September - Policyholder Behavior in the Tail Risk Management Section Working Group Variable Annuity Guaranteed Benefits 2007 & 2008 Survey Results
August - 2008 Enterprise Risk Management Symposium
April
2007
- Risk Based Capital Covariance Project
September - Application of Structural Equation Modeling to the Linkage of Risk Management, Capital Management and Financial Management for the Insurance Industry
July - Risk Management Terminology
June - Linkage of Risk Management, Capital Management and Financial Management
April - 2007 Enterprise Risk Management Symposium
April
2006
- Policyholder Behavior in the Tail Project–Annuity Lapse Modeling
November - Enterprise Risk Management for Property–Casualty Insurance Companies
August - 2006 Enterprise Risk Management Symposium
April