How does this role benefit the work of the organization and the profession?
This role supports the research activities of the SOA, providing actuaries with valuable up-to-the-minute data on general insurance related issues, enabling them to make more informed and accurate decisions.
Responsibilities & Duties
The Society of Actuaries Research Institute (SOA) Catastrophe & Climate Strategic Research Program is seeking volunteers for a Project Oversight Group (“POG”) which will oversee the research project and work closely with the research team and review the acceptability of Project deliverables. The POG will also determine, based on the nature of the Project, the frequency with which it would like to receive progress reports, and will provide feedback or suggestions as appropriate regarding the progressing research.
This project aims to contribute to insurance flood risk management by introducing a real-options framework for pricing catastrophic risk in coastal regions. The proposed approach takes into account economic growth, the uncertainty of sea-level rise, and the stochastic volatility of storm surge.
Time Commitment
- 11-20 hours primarily reviewing project deliverables, with 3-4 conference calls expected.
Experience Required
Open to Members, Non-Members, and Candidates
Opportunity Location
Non-Country Specific
Travel Required
None
SOA Training Required
None
PAOP
Not applicable
Additional Specializations
Open to all specializations