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February 27, 2026

β˜• Actuary Brew β€” February 27, 2026

Actuary Brew - Friday, February 27, 2026

Good morning,

Here's what's moving the actuarial world today.

πŸ“‘ SEC Filings β€” 5 new filings

ACGL (10-K), EG (10-K), FNF (10-K), MKL (10-K), ORI (10-K)

Read Summaries β†’

πŸ“ New on actuary.info β€” 24 articles

P&C Insurance
Social Inflation & Litigation Trends 2026: The $529 Billion Challenge Reshaping Casualty Insurance

Deep analysis of social inflation in 2026 β€” nuclear verdicts up 52%, $15.8B in adverse casualty reserve development, third-party litigation funding projected at $18.9B, and the actuarial challenges of pricing long-tail liability in America's evolving legal landscape.

Life & Annuity
LDTI / ASU 2018-12 in 2026: How Long-Duration Targeted Improvements Are Reshaping Life Insurance Accounting

Comprehensive guide to FASB's ASU 2018-12 (LDTI) in 2026 β€” the $2B+ implementation overhaul transforming life insurance accounting. Covers assumption unlocking, market risk benefits, DAC simplification, the 2025 non-public adoption wave, LDTI vs. IFRS 17, and what practicing actuaries need to know about the biggest U.S. GAAP change in 20 years.

Financial Reporting
IFRS 17 Implementation in 2026: The $20 Billion Accounting Revolution Reshaping Global Insurance

Comprehensive analysis of IFRS 17 implementation three years after go-live β€” the $15–20B global compliance cost, how the Contractual Service Margin is transforming profit recognition, India's 2027 adoption timeline, IFRS 18's looming overlay, and what actuaries need to know about the biggest insurance accounting change in decades.

P&C Insurance
Cyber Insurance Market 2026: Actuarial Challenges, Market Dynamics & the Road Ahead

Deep analysis of the 2026 cyber insurance market β€” $16B+ in global premiums, evolving loss ratios, catastrophe bond innovation, AI-driven threats, and the unique actuarial challenges of pricing systemic cyber risk.

Reinsurance
Reinsurance Market 2026: Record Capital, Softening Rates, and the New Competitive Landscape

Comprehensive analysis of 2026 reinsurance market trends including record $838B capital, double-digit rate softening, $25.6B cat bond issuance, casualty reserve concerns, and what it means for actuaries.

Career & Exams
CAS Actuarial Exam Pathway 2026: Complete Guide to ACAS, FCAS, and What's Changed

Complete 2026 guide to CAS actuarial exams. Covers the ACAS and FCAS pathway, new PCPA requirement effective January 2026, MAS-I/MAS-II offered 4x/year, Exams 8 and 9 now twice yearly, exam fees, pass rates, the CAS LLM research initiative, and study strategies for property and casualty actuarial candidates.

Python & AI
Python & AI for Actuaries: A Practical Guide to the Tools Reshaping the Profession

Practical guidance on Python and AI for actuaries at every career stage. Covers essential libraries, industry trends, exam relevance, and curated resources for the actuarial Python ecosystem.

Python & AI
How Actuaries Are Using AI & Machine Learning in 2026

A survey of real-world AI and machine learning applications across actuarial pricing, reserving, claims, and underwritingβ€”plus the governance frameworks and regulatory landscape shaping adoption in 2026.

Python & AI
Getting Started with Python as an Actuary: Libraries, Tools & First Projects

A practical roadmap for actuaries learning Python. Covers essential libraries (Pandas, NumPy, chainladder-python, lifelib), development environments, and real actuarial starter projects.

Career & Exams
Actuarial Exams: The Complete 2026 Guide to SOA & CAS Exams

Complete guide to every actuarial exam in 2026 β€” SOA and CAS pathways, Exam P, FM, FAM, SRM, MAS-I, MAS-II, pass rates, fees, study strategies, and the 2026 exam calendar. Part of the actuary.info career guide.

Career & Exams
Actuarial Science University Programs: 2026 Directory & Guide

Complete directory of SOA Centers of Actuarial Excellence (CAE), UCAP programs, UEC exam credit, scholarships, and guidance for choosing an actuarial science program. 45 CAE universities worldwide.

Retirement & Pensions
Retirement and Pension Actuarial Outlook 2026: Record Funding, SECURE 2.0, and the De-Risking Crossroads

2026 outlook for pension and retirement actuaries. Covers record-high DB funded status at 109%, SECURE 2.0 Roth catch-up implementation, pension risk transfer trends, PBGC premium pressures, and strategic considerations for enrolled actuaries.

Health Insurance
Healthcare Cost Trends 2026: Forces Reshaping Medical Spending

Comprehensive analysis of 2026 healthcare cost trends for actuaries β€” covering 8.5–9.5% medical trend projections, GLP-1 drug cost drivers, behavioral health surges, oncology spending, and the actuarial implications for pricing, reserving, and employer-sponsored plan design.

P&C Insurance
The P&C Market Cycle in 2026: From Hard Market to Segmented Softening β€” An Actuarial Perspective

Analysis of the 2026 P&C insurance market for casualty and property actuaries. Covers the transition from hard to soft market, social inflation and nuclear verdicts, catastrophe reinsurance pricing, reserve adequacy, and what the cycle means for pricing and reserving teams.

Life Insurance
Life Insurance Industry Trends 2026: From Record Sales to a Generational Crossroads

Comprehensive analysis of U.S. life insurance trends in 2026 β€” LIMRA sales data, IUL/VUL growth, accelerated underwriting, GLP-1 mortality impacts, estate tax changes, and the under-40 coverage gap. Expert actuarial analysis.

Career & Exams
Insurance Workforce Crisis & Actuarial Talent Gap 2026

Analysis of the insurance industry's workforce crisis in 2026: 400,000 retirements, actuarial talent shortages, knowledge transfer challenges, and what employers are doing. Sourced from BLS, Jacobson Group, Slayton Search, and industry data.

AI & Insurance Regulation
AI Regulation in Insurance 2026: The NAIC Model Bulletin, State Adoption, and the Federal Preemption Battle

Comprehensive guide to AI regulation in insurance for 2026. Covers the NAIC Model AI Bulletin, state-by-state adoption tracker, Colorado AI Act, Trump's federal preemption executive order, the AI Systems Evaluation Tool pilot, and what actuaries and compliance teams need to know.

Health Insurance & Long-Term Care
Long-Term Care Insurance Crisis 2026: Actuarial Failures, Soaring Costs & Solutions

An in-depth analysis of the long-term care insurance crisis in 2026 β€” covering actuarial mispricing, 100+ carrier exits, nursing home costs exceeding $111K/year, the WA Cares Fund launch, hybrid product growth, and what it all means for actuaries and policyholders.

P&C Insurance
Climate Risk and Catastrophe Modeling in 2026: How $107 Billion in Losses Is Reshaping Actuarial Practice

How record catastrophe losses are transforming actuarial practice in 2026. Covers $107B in 2025 insured losses, the rise of severe convective storms as a primary peril, California's wildfire cat model revolution, vendor model advances from Moody's RMS and Verisk, forward-looking climate analytics, and what actuaries need to know.

Health Insurance
Medicare Advantage in 2026: What Actuaries Need to Know About the Market Shakeup

A comprehensive analysis of Medicare Advantage trends in 2026 for health actuaries. Covers V28 risk adjustment, forced disenrollments, benefit reductions, star ratings, and what the market contraction means for actuarial teams.

Health Insurance
ACA Marketplace 2026: Subsidy Cliff, Enrollment Shock & Actuarial Implications

The ACA marketplace faces its biggest disruption since 2018 as enhanced subsidies expire, enrollment drops to ~23 million, and insurers file median 18% premium increases. Deep actuarial analysis of risk pool dynamics, adverse selection, and state-level responses.

Life & Annuities
The $461 Billion Annuity Boom: What Record Sales Mean for Life Actuaries in 2026

Analysis of record U.S. annuity sales reaching $461 billion in 2025 and the 2026 outlook. Covers RILA growth, FIA trends, fixed-rate deferred normalization, Peak 65 demographics, hedging challenges, reserve implications, and what product development and valuation actuaries need to know.

Exams & Careers
SOA Actuarial Exams in 2026: Complete Guide to the New FSA Pathway, ASA Requirements, and What's Changed

Complete 2026 guide to SOA actuarial exam changes. Covers the new FSA flexible pathway with 23 courses, 4-week grading, triple-session scheduling, ASA curriculum updates, ALTAM/ASTAM syllabus changes, Spring 2026 exam dates, transition rules, and strategic planning tips for candidates.

Career & Exams
Actuarial Salary & Compensation Guide 2026: What Actuaries Really Earn

Comprehensive 2026 actuarial salary guide with sourced data from BLS, DW Simpson, Glassdoor, and SalaryCube. Covers entry-level through Chief Actuary compensation, exam raises, practice area differences, geographic variation, and negotiation strategies.

Browse All Articles β†’

πŸ›οΈ SOA News

Society of Actuaries Conducts Job Analysis Survey to Ensure the ASA Reflects Current and Future Needs

SOA

πŸ“ CAS News

Four Futures for Actuaries in the Coming of AGI

Actuarial Review

2026 Ratemaking Research RFP Seeks Proposals on Customer Lifetime Value Pricing

CAS Research

What It’s Really Like to Pre-Test a CAS Exam

CAS Roundtable

βš–οΈ Academy News

Academy Highlights Potential Benefits of Congress Revising Currently Mandated PBGC Single-Employer Premium Structure

Academy

Cybersecurity Month Highlights Need to Remain Resolute Against Ever-Changing Threats

Academy - Actuarially Sound

πŸ€– AI & Machine Learning

Coastal Insurers Adopt ZestyAI Property-Level Intelligence for Cat Risk

Insurance Innovation Reporter

Why Claims AI Build vs. Buy Decisions So Often Miss the Mark

Carrier Management

CoverGo Launches Insurance-Specific AI Agents to Drive Autonomous Operations

Insurtech Insights

🏒 P&C Insurance

Munich Re Reports Strong 2025 Results, Net Profit Exceeds €6.1 Billion

Insurtech Insights

State Farm Inked $1.5B Underwriting Profit for 2025; HO Loss Persists

Carrier Management

Florida Appeals Court Pulls the Plug on Physician Dispensing in Workers’ Comp

Insurance Journal

πŸ₯ Health Insurance

Insurance groups say proposed flat Medicare Advantage rates fail to meet the moment

Fierce Healthcare

Breaking: Trump regime cuts $260 million in Medicaid funds to Minnesota & stops new durable medical equipment supplier enrollment nationally for 6 months to supposedly "combat fraud"

ACA Signups

Medicare Advantage forced disenrollments rise as insurers exit markets: study

Healthcare Dive

πŸ’Ό Life & Annuities

F&G joins Voya’s annuity platform

Insurance News Net - Annuity

Zurich Australia moves to acquire ClearView in AUD 415m life insurance deal

Insurtech Insights

Zurich Australia to acquire ClearView Wealth for $295m

Life Insurance International

πŸ”„ Reinsurance & ILS

Swiss Re CEO on alternative capital leverage, value-chain reimagination, AI, cycle management

Artemis

After Hedge Fund Interest, UK’s Flood Re Plans More Cat Bonds

Insurance Journal

AM Best upgrades outlooks to positive for Starr subsidiaries

Reinsurance News

πŸ“ˆ Quantitative Finance

ISDA Market Practice Note for the Rebasing of European Inflation Indices

ISDA

Edward Wilson Joins SEDA, Bringing Deep Expertise in Risk Management, Derivatives Trading and Institutional Prime Brokerage

Insurance News Net - Annuity

Geopolitical Risk and Portfolio Oversight

CFA Institute

πŸ‘΄ Retirement & Pensions

IRS Delays Required Minimum Distribution Rules

PLANSPONSOR

ICI, DCALTA Partner on Research, Education for Private Assets in 401(k)s

401k Specialist

Advisers Could Retain β€˜Independent Contractor’ Status Under Proposed DOL Classifications

Plan Adviser

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