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Growing Life and Health Insurance Industry Risks from Catastrophic Events

August 2024

On May 1, 2024, the Society of Actuaries Research Institute gathered a panel of experts to discuss the growing risks from catastrophic events in the life and health insurance industry and how to model these risks. The panel members were from actuarial, catastrophe risk modeling, and risk management backgrounds. The outcomes of this panel discussion form the basis of this report.

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Growing Life and Health Insurance Industry Risks from Catastrophic Events

Acknowledgments

The SOA Research Institute would like to thank the following individuals for their participation in the catastrophe modeling discussion.

Panelists:
Glen Daraskevich, Senior Vice President at Karen Clark & Company
Daniel Klein, FSA, FCIA, CFA, Actuary at Nayms
Rebecca Owen, FSA, MAAA, FCA, Principal at Oregon Coast Actuarial, LLC
Max Rudolph, FSA, MAAA, CERA, CFA, Principal at Rudolph Financial Consulting, LLC
Gordon Woo, PhD, Catastrophist at Moody’s RMS
Nathan Worrell, FSA, Client Relationship Actuary at Moody’s Analytics

The Facilitators from the Society of Actuaries Research Institute:
Rob Montgomery, ASA, MAAA, Consultant - Research Project Manager
Ronora Stryker, ASA, MAAA, Sr. Practice Research Actuary

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