Storslysia Relocation Social Program

Author:

Bauer, Dustin

Area of Honors:

Actuarial Science

Degree:

Bachelor of Science

Document Type:

Thesis

Thesis Supervisors:

Amanda W Hammell, Thesis Supervisor
Amanda W Hammell, Thesis Honors Advisor
Zhongyi Yuan, Faculty Reader

Keywords:

Relocation Social Insurance Program

Abstract:

This paper is a mixture of reviewing previous SOA Student Research Case Study Challenge literature, my report for the 2023 SOA Student Research Case Study Challenge, and a discussion of further research on this topic. The literature review covers the 2020 SOA Student Research Case Study Challenge where the topic of the study was greenhouse emissions and carbon bonds. After diving into the challenge itself, three of the top entries were thoroughly analyzed and critiqued on how they completed the prompt. In order to do this, outside research was done on the topic as well. The report analyzes the effect of severe weather events on Storslysia (a made-up country created by the SOA for this challenge) and examines how the nation can reduce its exposure by implementing a relocation social insurance program. The program’s goal was to reduce the total economic and psychological damage caused by natural disasters in Storslysia over the next 100 years with great certainty. The plan would provide financial relief toward displacement costs for victims of involuntary relocation and to offer benefits to citizens that choose to voluntarily relocate out of higher-risk regions to lower-risk regions. The end discusses how this challenge could be applied to the real world and where I would have continued my research if I had more time.