Society of Actuaries Announces Recipients of CAE Research Grants

SCHAUMBURG, Ill., Sept. 10, 2015 /PRNewswire-USNewswire/ -- The Society of Actuaries (SOA) today announced the actuarial research and education grant recipients, which include the University of Nebraska-Lincoln, Georgia State University and the University of Wisconsin-Madison.  Each year colleges and universities with actuarial science programs that are designated SOA Center of Actuarial Excellence (CAE) compete for the grants. The SOA grants are designed to help universities make significant investments in their actuarial science programs and support advancements in the actuarial profession.

"The SOA is proud to announce this year's university grant recipients, which marks the fifth year for this actuarial research program," said R. Dale Hall, FSA, CERA, MAAA, SOA Managing Director of Research. "We look forward to seeing the completed research from the grant recipients, as they help expand knowledge on longevity, annuities and insurance data analysis to benefit our profession, the insurance industry and ultimately the public."

The research project from the University of Nebraska-Lincoln's Actuarial Science Program will be a three-year study on annuity markets. The project "Expanding Annuity Markets: A Solution to the Problem of Longevity Risk" will provide an opportunity for the university's graduate students to pursue actuarial research and in turn explore the behavior of individuals that may use annuities.

Through the research grant, Georgia State University's J. Mack Robinson College of Business and the Department of Risk Management and Insurance will develop a research program on "New Trends in Longevity." It focuses on modeling mortality trends rather than the variability in mortality rates.

The research project "Insurance Analytics from Data Analysis to Decision Making" from the University of Wisconsin-Madison's Department of Actuarial Science, Risk Management and Insurance, will emphasize the role of insurance data analytics. The research will focus on the impact of analytics on the industry, including on dependence models, health care analytics and analytics supporting insurance and risk management theory.

Starting in 2010, the CAE grants have helped universities conduct new research and develop new education approaches on enhanced learning through technology, systemic risks, integrated risk management and risk models. The annual grant research competition is open to SOA CAE-designated schools, which are located in the United States, Canada and Asia. Visit www.soa.org/education/resources/cae/edu-cae-grants.aspx for more information about the research and education grant program.

About the SOA
The Society of Actuaries (SOA) is an educational, research and professional organization dedicated to serving the public, its members and its candidates. The SOA's mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutions for financial, business and societal problems. The SOA's vision is for actuaries to be the leading professionals in the measurement and management of risk.

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SOURCE Society of Actuaries

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