1. SOA Strategic Research Programs Initiative Update
R. Dale Hall, fsa, maaa, cera
SOA Managing Director of Research
@rdalehall

2. SOA Strategy

3. Strategic Program Objectives
What topics are our members and stakeholders working on and known for?
Where can we more firmly “plant our flag” and further capitalize our of profession’s reputation and knowledge?
Where can we increase our thought leadership in new and growing areas?

4. March 2017: Wide Variety of Concepts
Analysis of Irrational Behavior
Auto Insurance
Impact of Demographics on Economics
Predictive Analytics
Individual Retirement
Mortality Prediction
Technology / Cyber Risk
Longevity and Savings Needs
Student Debt Impact
Social Retirement Systems
Actuarial Innovation
Impact of Regulatory Change
Environmental and Climate Change
U.S. Healthcare Reform
Population / Public Health
Healthcare Cost & Utilization
Genetics
Health and the Workplace
Thanks
We’ll start with a brief review of where we have come from – you may recall back in the start of the year where we did a broad set of surveying and interviewing to think about the types of programs we might want to consider as strategic programs –the goal of this list was to be generally all encompassing, to give a broad look at what we should investigate. This was a helpful place to start as we focused to transition to the next slide, which is….

5. Program Development Methods
Housebuilding Analogy
Construct from Foundation
Take a wide variety of many different micro projects that are all related and use them to build a well-thought out structure
Mortality / Longevity
Combining Connected Ideas
Take 2 – 3 concepts, that might be across diverse practice areas, but have a core surrounding them that can join together
Actuarial Innovation and Technology

6. June 2017: Top Program Ideas
10 Proposed Programs for Evaluation
Mortality & Longevity
Aging & Retirement
Catastrophe / Climate
Predictive Analytics
Financial Literacy
Actuarial Innovation and Technology
Health Care Cost Trends
Enterprise Risk Management
Financing of Health Care
Financial Impact of Population Demographics

7. Review of Potential Strategic Programs
Data and feedback gathered across many sources:
Research “High Influencers”
Public Relations / Government Relations
SOA Members
Research Staff
Initiative Task Force

8. Review of Potential Strategic Programs
Evaluation Criteria
Contribution to Actuarial Science
Cohesive / Unifying
Applicability to Actuarial Practice
Halo Effect
Public Benefit
Thought Leadership
Shelf Life of Program
Uniqueness
Buzz Potential
Mutually Beneficial Collaboration

9. Review of Potential Strategic Programs
Task Force discussion topics:
Diversity of Research Programs
Across Practice Areas
International Applicability
Variety of research methods
Applicable to wide set of SOA stakeholders

10. Aging and Retirement Launching July 2018
Reviews the societal impact of aging
populations and the solutions for mitigating risks.

11. Actuarial Innovation and Technology
Highlights the evolution of technology as it applies to the actuarial profession, industry and population trends.

12. Mortality and Longevity
Examines the factors impacting models and mortality predictions, and the analysis of longevity trends.

13. Health Care Cost Trends
Focuses on the forces that shape health care cost and utilization, and the changes over time.

14. Catastrophe and Climate
Studies climate trends and their impact on extreme and catastrophic events.

15. Implementation Steps Upcoming
Coordination and communication with members, research volunteers and sections
Announcements to membership

16. Implementation Steps Upcoming

18. Implementation Steps Upcoming
Draft Program committee structure
Oversight of each Program through a Program Steering Committee
Steering Committees to have strong liaison / representation from sections
Program Steering Committees report to REC
Staged rollout of programs
Determine best program to launch first
Moving related current projects into first program
Ultimately aiming for 70-80% of SOA Research funding channeled through Strategic Research Programs

19. Research Insights Podcast:
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