soa international experience study (ies)
DESCRIPTION
SOA International Experience Study (IES). Bogota, Colombia November 23, 2011. Columbia Actuaries Meeting. SOA IES Overview “ Beware Greeks Bearing Gifts ”. IES HISTORY “Brainstorming” 2003-4 International Surveys 2005 + Country Initiative and IES “Tool Kit” - PowerPoint PPT PresentationTRANSCRIPT
SOA International Experience Study (IES)Bogota, Colombia
November 23, 2011
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Columbia Actuaries Meeting
SOA IES Overview
“ Beware Greeks Bearing Gifts ”
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IES HISTORY
2002 “Brainstorming”
2003-4 International Surveys
2005 + Country Initiative and IES “Tool Kit”
2008 + IAA MWG Endorsed & Adopted IES
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IES Organization
IES
SOA
IAA MWG
Corporate Contributors
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IES Outreach Effort
No Cost to participating companies
SOA confidentially compiles data
Local actuaries supervision
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Finances
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Corporate Sponsors
AXA ING MetLife New York Life Prudential Financial (US) Zurich
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Finances
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Finances
MOST IMPORTANT
• Volunteer Time!• Over 50 companies have participated• Over 1,000 hours invested
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Local Country Initiative
Local Industry Meetings
• Rio de Janiero – September 2004• Warsaw – October 2004• Guatemala City – August 2005• Taipei / Seoul / Bangkok – August 2007• Hanoi – July 2008• Tallinn – May 2009• Zagreb – September/October 2011
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Local Country Initiative
Local Actuarial Association Sponsors
• Vietnam Chief Actuaries (2006)• Actuarial Society of Philippines (2008)• Estonia Actuarial Society (2009)• Hong Kong Actuarial Society (2010)• Caribbean Actuarial Association (2010)
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Country Experience Risk exposure is country specific Examples• Argentina• Caribbean• Estonia• Philippines• Poland• Vietnam
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Experience
Caution
• Early studies• “Data cleaning” is prospective (future)• Credibility (small samples)
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