All about risk
Link: http://www.abcdboard.org/wp-content/uploads/2021/03/ABCD-Annual-2020.pdf
Excerpt:
There were 47 inquiries in process with the ABCD during 2020, based on either complaints or adverse information.
Twenty-four of these were disposed of during 2020.….
The ABCD members responded to 127 requests for guidance during 2020.
Publication Date: February 2021
Publication Site: Actuarial Board for Counseling and Discipline
Link: https://www.soa.org/sections/2020-speculative-fiction-contest/
Excerpt:
The 14th Speculative Fiction Contest is over, and we now get to find out which story is the readers’ favorite!
Read each of the stories submitted by our creative and imaginative actuaries. Pick up to three of your favorite stories and vote for no more than three, so that we have a true Readers’ Choice Award. We will award the author of the story getting the most votes a specially designed Speculative Fiction Zoom background and an SOA branded gift. Be sure to tell your friends about this contest. Get them to read the stories and pick their favorites too!
Voting online must occur from March 8 – April 15. On May 1 this award, as well as all the other awards will be announced on the SOA website.
Publication Date: March 2021
Publication Site: Society of Actuaries
Video:
Description:
The video features Neil Raden who is the author of ethical use of AI for Actuaries. Alongside him , it features Kevin Pledge who is CEO of Acceptiv , FSA,FIA and chair of Innovation and Research Committee of SOA. We discuss about the issue of ethics and about the use of new data sources in the recent Emerging issues in Underwriting Survey Report by IfOA.
Authors: Harsh Jaitak, Kevin Pledge, Neil Raden
Publication Date: 17 March 2021
Publication Site: TBD Actuarial at YouTube
Link: https://www.carriermanagement.com/news/2021/02/10/216927.htm
Excerpt:
The NAIC 2021 priorities and the charges to its key committees are (in no specific order):
COVID-19 — In 2021, the NAIC will continue its “Priority One” initiative designed to support state insurance departments in their response to the ongoing pandemic and its impact on consumers and insurance markets. NAIC has a COVID resource page that includes information on actions taken by individual states in response to the COVID 19 pandemic that impact various lines of insurance. NAIC said insurance regulators will continue to analyze data and develop the tools so that consumer protection keeps pace with changes brought on by the virus.
Big Data/Artificial Intelligence — The Big Data and Artificial Intelligence Working Group is chaired by Doug Ommen, Iowa, joined by Elizabeth Kelleher Dwyer, co-vice chair, Rhode Island and Mark Afable, co-vice chair, Wisconsin.
…..
Race & Insurance — The Special Committee on Race and Insurance is co-chaired by Maine Superintendent Eric Cioppa and New York Executive Deputy Superintendent of Insurance My Chi To.
The 2021 agenda for this panel calls for research into the level of diversity and inclusion within the insurance sector; engagement with a broad group of stakeholders on issues related to race, diversity and inclusion in, and access to, the insurance sector and insurance products; and an examination of current practices or barriers in the insurance sector that potentially disadvantage people of color and historically underrepresented groups.
Publication Date: 10 February 2021
Publication Site: Carrier Management
Excerpt:
For a few months last year, Nigel Goldenfeld and Sergei Maslov, a pair of physicists at the University of Illinois, Urbana-Champaign, were unlikely celebrities in their state’s COVID-19 pandemic response — that is, until everything went wrong.
….
Following the model’s guidance, the University of Illinois formulated a plan. It would test all its students for the coronavirus twice a week, require the use of masks, and implement other logistical considerations and controls, including an effective contact-tracing system and an exposure-notification phone app. The math suggested that this combination of policies would be sufficient to allow in-person instruction to resume without touching off exponential spread of the virus.
But on September 3, just one week into its fall semester, the university faced a bleak reality. Nearly 800 of its students had tested positive for the coronavirus — more than the model had projected by Thanksgiving. Administrators had to issue an immediate campus-wide suspension of nonessential activities.
Author: Jordana Cepelewicz
Publication Date: 28 January 2021
Publication Site: Quanta Magazine
Description: 2020 survey results from modeling actuaries on time-wasting activities.
Publication Date: 16 January 2021
Publication Site: SLOPE