Since January 1, 2026, the CAS PCPA has been mandatory for every ACAS candidate, pairing a $300 Pearson VUE exam with a $700 quarterly project where one failed attempt can delay credentialing three to six months.
Florida Citizens enters the 2026 hurricane season with 88% of its $2.82B reinsurance tower funded by cat bonds and ILS capital, up from 87% in 2025, and the structure is harder to copy than the headline share suggests.
By Sarah · 13 min
Standard model risk frameworks assume deterministic outputs, but LLMs in P&C claims are stochastic by design, and NAIC's July 22 actuarial panel confronts a validation gap most governance write-ups still ignore.
By Shruti · 14 min
LLMs now draft reserve opinions and rate-filing narratives, but ASOP No. 41 requires a named actuary as author, and E&O carriers are adding AI exclusions. The liability gap ahead of NAIC's July 22 actuarial panel.
By Shruti · 13 min
Nuclear verdicts hit $31.3B in 2024, up 116%, as commercial auto posts a 14th year above 100 combined. ML models using venue and litigation-funding data now supplement IBNR triangles to price the jury tail early.
By Sarah · 11 min
The SOA-LIMRA 2020-2024 payout annuity mortality study, spanning 3.1 million contract-years, gives pricing actuaries the first A/E benchmark across the full COVID mortality arc as SPIA sales rise 22% year over year.
By Maya · 10 min
Segal's Q3 2026 dataset puts stop-loss premiums up 12.7%, but seven-figure claims grew 25% a year for four straight years. We model why 2022-2023 attachment points are now exposed and what belongs in the 2027 baseline.
By Beth · 13 min
Cat bond secondary spreads fell to 5.71% in late June 2026 and kept compressing into July, breaking the seasonal widening pattern as record demand absorbed a record $11.3B Q2 issuance quarter.
By Sarah · 12 min
“Florida Citizens enters the 2026 hurricane season with 88% of its $2.82B reinsurance tower funded by cat bonds and ILS capital, up from 87% in 2025, and the structure is harder to copy than the headline share suggests.— Sarah, in today's edition
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