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Purchase recorded webcasts by selecting a topic below.
| Economic Scenario Generation for Financial Institutions |
Dec. 8, 2009 |
$99 |
 Order Form |
Central to much of the quantitative work performed by actuaries is the forecasting of economic variables, notably interest rates and inflation and associated financial market returns. This panel discussion looks at the various tools available to actuaries for these forecasts.
The presentation will include discussion on the following:
- Types of model
- Target setting and calibration
- Nested stochastic simulation
- Modeling efficiency and variance reduction techniques
They will also examine the various techniques and identify in what circumstances and for what purposes these techniques may be appropriate. And what they are seeing in practice, looking at the techniques used in various industries (including pensions, life insurance, P&C insurance and banking) around the globe.
Webcast Recording: $99
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| V70 - ASOP 41: Actuarial Communications is not an Oxymoron |
Oct. 27, 2009 |
$139 |
Order Form |
Actuarial Standards of Practice No. 41 Actuarial Communications has been recently revised and exposed for comment by the ASB. The SOA believes in good faith that this session qualifies toward the professionalism requirements and organized activity requirements in the Qualification Standards and SOA CPD requirements. One of the goals of the ASOP 41 revision is to make clear that the actuary is responsible for any assumptions and methods underlying the actuarial communication unless they are expressly disclaimed and secondly to standardize the treatment of deviations among all ASOPs.
By attending this session, you will learn the key changes in ASOP 41 and the standards and practices that will impact your written, electronic and oral communications.
In light of the increasingly complex legislative and compliance controls over the last decade, this session is designed to help actuaries communicate clearly and concisely, so the recipient can understand and appreciate technical contents.
*EA Credit
While the SOA recommends this topic to help satisfy core continuing education credit for enrolled actuaries, the final decision as to meeting this requirement rests with the Joint Board for the Enrollment of Actuaries.
- Core Credit: 90 minutes (1.8 units)
*If you would like to receive EA credit for this recording, please let us know when placing your order and you will be provided with a link for submitting your request for a certificate. You will need to complete some required fields as well as upload a word document with a 1 page summary highlighting important insights you gained from this presentation.
Cost: $139
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| V80 - Managing Longevity Risk |
Oct. 27, 2009 |
$139 |
Order Form |
Longevity risk, that is, the risk that future mortality improvement deviates from today's assumption, can have a significant impact on pension and annuity liabilities. This session addresses various issues related to longevity risk, such as trends in longevity improvement, projection scales, stochastic modeling techniques and mortality-linked securities. The learning objectives of this session are twofold: (1) to understand the problem of longevity risk and (2) to develop an overview of the possible solutions to the problem.
*EA Credit
While the SOA recommends this topic to help satisfy core continuing education credit for enrolled actuaries, the final decision as to meeting this requirement rests with the Joint Board for the Enrollment of Actuaries.
- Core Credit: 90 minutes (1.8 units)
*If you would like to receive EA credit for this recording, please let us know when placing your order and you will be provided with a link for submitting your request for a certificate. You will need to complete some required fields as well as upload a word document with a 1 page summary highlighting important insights you gained from this presentation.
Cost: $139
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| V22 - Longevity Research Around the World |
Oct. 26, 2009 |
$139 |
Order Form |
This session will cover longevity research going on around the world. The information presented at this session should be of interest to any actuary who deals with mortality and longevity.
As life expectancies increase, the actuary is challenged with making projections on the longevity of individuals. Will the increases continue, accelerate or decrease? Life insureds, annuitants, pensioners and the general population may have different life expectancies today. Will these converge or diverge in the future? In this session, speakers will present the latest research and views from around the world on longevity.
*EA Credit
While the SOA recommends this topic to help satisfy core continuing education credit for enrolled actuaries, the final decision as to meeting this requirement rests with the Joint Board for the Enrollment of Actuaries.
- Core Credit: 90 minutes (1.8 units)
*If you would like to receive EA credit for this recording, please let us know when placing your order and you will be provided with a link for submitting your request for a certificate. You will need to complete some required fields as well as upload a word document with a 1 page summary highlighting important insights you gained from this presentation.
Cost: $139
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| V35 - Health Care Reform 2009 |
Oct. 26, 2009 |
$139 |
Order Form |
President Obama has made health care reform a priority for 2009. The changes will bring challenges and opportunities for various stakeholders. In this session, experts will review the implemented and proposed health care reforms that address the issues of access, quality and cost. The session will cover the impacts of these reforms on various stakeholders such as providers and insurers and will discuss how the stakeholders can make the best of the new and changing environment.
Cost: $139
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| The Past, Present and Future of Credit Insurance and Debt Protection |
Oct. 7, 2009 |
$99
$69 (Marketing and Distribution Section Members) |
Order Form |
Are you curious about the impact of Federal Regulation on Credit Insurance and Debt Protection Products?
Do you know what effect a Principle—Based Approach will have on Credit Insurance?
How has the emergence of bank products known as Debt Protection affected Credit Insurance?
Credit Protection is not what it used to be. Issues such as industry consolidation, refund litigation, HOEPA, "predatory lending" legislation, and the emergence of debt protection products have all had a profound effect on the credit insurance industry.
The presenters will take a quick look back to the origins of credit insurance and how it has evolved. They will provide an overview of current insurance products, production, valuation and experience reporting. We will also begin to discuss lender-provided debt protection. Finally, the effects of the current regulatory environment and economic trends will be examined for the presenters' vision on the future of the credit insurance and debt protection industry.
Webcast Recording–Marketing and Distribution Section Members: $69
Webcast Recording–All others: $99
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| The Future Regulatory Environment for Life Insurers and Reinsurers Virtual Session |
Sept. 24, 2009 |
View Cost |
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Due to the current crisis in the capital markets, many companies have been faced with increased risk–based capital demands. The ACLI and some state insurance departments at the end of 2008 offered solutions to relax reserve requirements. This session will explore the impact of these solutions and how they will affect life insurers and reinsurers going forward. Among the topics to be discussed:
- What approaches to reserve modification have been developed,
- Advantages and disadvantages of the various approaches,
- Which approaches have been approved and which have not,
- Will the impact be the same or different for life insurers and reinsurers,
- What if the approach expires at the end of 2009 or 2010 and
- What will be the rating agency perspective
Virtual Conference Recording:
1–3 participants: $129 member/$159 nonmember
4–6 participants: $389 member/$419 nonmember
7–10 participants: $729 member/$759 nonmember
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| US GAAP Issues Virtual Session |
Sept. 24, 2009 |
View Cost |
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Learn about current topics in US GAAP financial reporting for life and annuity products. Experts in the application of US GAAP concepts discuss theoretical and practical aspects of emerging issues. Topics include:
- Fair value developments,
- Implications of other than temporary impairments,
- Industry developments in DAC amortization for variable products,
- FAS 141R and Purchase GAAP and
- Joint projects with the IASB.
By attending this session, the participant has an increased understanding of the conceptual and practical issues of current interest under US GAAP.
Virtual Conference Recording:
1–3 participants: $129 member/$159 nonmember
4–6 participants: $389 member/$419 nonember
7–10 participants: $729 member/$759 nonmember
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| Statutory Life & Annuity Valuation Issues Virtual Session |
Sept. 24, 2009 |
View Cost |
Order Form |
This session provides an overview of current statutory valuation issues pertaining to life and annuity products. The major valuation issues for 2009 are introduced and covered in–depth at subsequent sessions. The focus is on activities the American Academy of Actuaries is taking on principle–based approaches.
Life and annuity valuation issues covered by the panelists include:
- an overview on the direction being taken by the Academy's Life Practice Council on principle–based approaches,
- overview of the Academy and NAIC structure that is in place to address issues involving principle–based approaches,
- status of specific principle–based reserving and risk–based capital standards for life and annuities and
- developments related to other reserve and risk–based capital issues.
At the conclusion of this session, you'll know about the most recent developments in life and annuity statutory valuation issues. This will enable you to pursue further information by attending more in–depth sessions later in the symposium and enable you to implement new statutory requirements at your company.
Virtual Conference Recording:
1–3 participants: $129 member/$159 nonmember
4–6 participants: $389 member/$419 nonmember
7–10 participants: $729 member/$759 nonmember
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| Update to the Illustration Testing Practice Notes |
Sept. 23, 2009 |
$99
$69 (Product Development Section Members) |
Order Form |
Compliance with the Illustration Testing Model Regulation can be tough for both new and experienced Illustration Actuaries. Many actuaries wonder if they are not alone in their concerns and are curious about what other actuaries are doing to comply with the Model Regulation and ASOP 24.
Help is on the way.
This webcast will focus on the recently updated Illustration Testing Practice Notes, highlighting changes and updates made, as well as helping actuaries with current issues they may be facing when gearing up for illustration testing. The panel includes members of the workgroup responsible for updating the practice notes.
The objectives of this webcast are:
- Review of Illustration Model Regulation, ASOP 24, and Generally Recognized Expense Table
- Review updated illustration practice notes
- Offer information about illustration testing to actuaries dealing with illustration testing compliance
- Provide a forum for questions to be asked of the panel regarding the practice notes
Webcast Recording–Product Development Section Members: $69
Webcast Recording–All others: $99
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| Connecting the Dots to a Brighter Future |
Sept. 16, 2009 |
$79
$99 |
Order Form |
Have you ever received a business card but failed to follow up with the individual who gave it to you?
Have you ever met someone who impressed you, but were too shy to ask them how they made their mark?
How about getting tongue-tied while you're in the elevator with your role model?
From quantitative and technical skills, to business acumen and problem solving techniques, actuaries have numerous tools that we use extensively and powerfully. However, we often fail to use what could be the most important and powerful tool in our business arsenal: our connections to people. Many actuaries fail to recognize or use these associations to their advantage. Yet these relationships are widely reported to be key components to every successful career.
The objective of this webcast is to enhance your critical business skills by assisting you and other actuaries in recognizing and effectively using mentoring and networking opportunities, and customizing this approach to meet your own personal style.
This webcast will provide participants with ways to maximize both of these tools by:
- Learning how to find a mentor that best suits your style.
- Finding out why age is irrelevant in becoming a mentor yourself.
- Appreciating the importance of building a network within your company, your field, and across industries.
- Recognizing how these tools complement and improve the efficiency of more commonly used tools.
Access to archived webcast
SOA Actuary of the Future Section Member or Student: $79
All others: $99
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| Developments in Fair Value Reporting |
Sept. 15, 2009 |
$99 |
Order Form |
It has been over a year since SFAS 157 became effective, yet actuaries considering fair value for their companies' holdings continue to struggle with taking overarching guidance provided, and putting it into specific practices. In response, the American Academy of Actuaries has published practice notes providing guidance on fair value requirements, especially for contracts subject to SFAS 133. Meanwhile, the market turbulence of the last year has revealed new challenges for fair value reporting, making it more critical than ever for financial reporting actuaries to stay informed and involved.
This webcast will focus on developments in fair value accounting including applications of SFAS 157. The discussion will cover an overview of SFAS 157 applicability and emerging practices, including:
- Liability embedded derivatives and related DAC implications
- Purchase accounting
- Investment accounting
Target Audience
Actuaries who are involved in GAAP reporting, in particular the reporting of assets and liabilities subject to SFAS 157; managers who are responsible for ensuring compliance with GAAP reporting; and senior management who will need to understand and explain reported results or are interested in developments in fair value reporting should all attend this valuable webcast.
Access to archived webcast
$99 All purchasers
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| Analysis of Proposed Principle–Based Approach |
Sept. 2, 2009 |
$99 |
Order Form |
Are you curious about the impact the proposed Principle–Based Approach may have on a company's business?
Are you concerned about the practical aspects of implementing this new approach?
How about getting a jump–start introduction to the SOAs' research report?
The objective of this research is to serve as a field test for the proposed principle–based approach (PBA) to statutory reserves and required capital. It is hoped this research will provide the working groups and the life insurance industry as a whole with modeling results using actual data across various product types and from a company's inforce block, to facilitate a better understanding of:
- The impact of the proposed methodology through preliminary modeling results;
- Review updated illustration practice notes
- Challenges of implementing the methodology; and
- Elements of the methodology that appear to need refinement before adoption by regulators.
Among the issues the webcast will address include:
- A comparison of reserves and C3 capital amounts under PBA vs. current formulaic standards
- A comparison of best estimate to prudent best estimate assumptions in the context of the results
- Stochastic exclusion test results
- C3 Phase III capital calculations for the product blocks under study
- Observations and interesting issues encountered by companies in complying with the research data request
Webcast Recording–: $99
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| Practical Issues and Implementation on the New Chinese Insurance Law Webcast |
July 29, 2009 |
$99 |
Order Form |
The newly amended insurance law in China goes into effect Oct. 1, 2009. Are you prepared for a number of new provisions and extensive amendments? Are you aware of how this will affect your company?
The Society of Actuaries' China Region Committee offered the very first non-English speaking webcast, presented for actuaries in China, by expert professionals residing in China, including invited speakers from CIRC, China Life, PingAn and AIA who will share their views, experiences and answer your questions about the amended law. The webcast discusses policy contract, new filing requirements, claims investigation, transitioning for insurers, as well as other issues the new law will affect.
NOTE: The webcast is broadcast in Mandarin. Handouts are available in both English and Mandarin
Webcast Recording–: $99
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| The Impact of the Economic Environment on Long–Term Care Insurance Webcast |
July 21, 2009 |
$99
$69 (SOA LTCI Section Members) |
Order Form |
Even in normal economic times, the marketing and management of LTC insurance offers many challenges to industry professionals. Now the economic recession and turmoil in the financial markets have presented a new set of challenges for the LTC industry.
The Society of Actuaries and the SOA Long–Term Care Insurance Section presented this timely webcast on the broad impact of the economic environment on LTC insurance. The panel addressed how the recession may be expected to:
- Change the way consumers view LTC insurance and how producers need to adjust their approach to marketing the product,
- Impact product experience, including persistency, claims incidence, and claim termination,
- Affect the care provider community and the type and frequency of services utilized, and
- Change the commitment of insurers to the LTC market, the types of products they develop, or the way they manage the business.
Target Audience
LTC professionals involved in all aspects of the industry (especially pricing/product development, claims administration, sales, marketing, and product management) who are interested in being responsive to the volatility and changes that the current stressed economy may generate.
Webcast Recording–SOA LTCI Section Member: $69
Webcast Recording–All others: $99
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| The Longevity Risk Webcast |
July 14, 2009 |
$99 |
Order Form |
One of the least understood risks that insurance and reinsurance companies, pension plan sponsors and the government is longevity risk–the risk that policyholders or pensioners will live longer than expected. The perception of longevity risk continues to evolve as experience emerges about the constant increase in life expectancy combined with the long term nature of the life insurance, annuity and pension obligations. Despite the increasing importance of this risk, there is relatively little published work on measuring and managing longevity exposure.
This webcast will bring attendees up–to–date on the latest thinking regarding longevity and the risks to insurers and pension funds from mortality continuing to improve or to be lower than expected. Specific products will be discussed, including quantification of longevity risk and potential solutions for managing it. Topics discussed include:
- Types of exposure to longevity risk
- The "graying" population and expected strain on retirement systems
- Trends shifting longevity risk from employers or plan sponsors to individuals
- Insurance products developing in response to this change
- Update on modeling techniques to measure longevity risk
Webcast Recording–: $99
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| Market Consistent Embedded Value |
June 15, 2009 |
$200 |
Order Form |
Market–consistent financial reporting is becoming commonplace in Europe, and is increasingly being used in North America as well. Recently, the CFO Forum in Europe published the Market–Consistent Embedded Value (MCEV) Principles, which require all companies publishing on a European Embedded Value (EEV) basis to use market–consistent methodologies and assumptions in the publication of results. In addition, the SEC has published a Roadmap for the implementation of IFRS–type reporting of fair values in the US as early as 2011 or 2012. These milestones imply the introduction of broad–based market–consistent financial reporting in the US within the next 3–5 years. We are also seeing an increase in the use of market–consistent techniques in other areas, particularly with respect to the pricing of secondary guarantees, the analysis of the hedge effectiveness of variable annuity hedging programs, and in actuarial appraisals of blocks of business involving secondary guarantees.
This webcast will focus on these topics, and assist users and practitioners in developing and understanding the internal models necessary to implement MCEV as well as the impact that the current financial crisis and accompanying market volatility is having on Market Consistent Embedded Value.
The webcast will include:
- An Introduction to Market Consistent Methodology and Tools
- The Effects of the Current Financial Crisis on Market Consistent Embedded Value
- Internal modeling for MCEV
- Case Studies on Implementing Market Consistent Embedded Value
Webcast Recording–: $200
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| Market Update–Bank Insurance |
May 29, 2009 |
$99
$66 (Marketing & Distribution Section Members) |
Order Form |
For years, bank Insurance (insurance products distributed by or through banks) has been talked about as the "next great opportunity" for the insurance industry. But has that come to fruition? Who is having success in this market and why.
This webcast will include presentations from several bank Insurance industry experts who will be able to share with participants the current dynamics of the market. Special attention will be given to distribution tactics that have resulted in success in this market, and what alternatives have been explored that may not have been as successful. Representatives from companies in this market will present some success stories.
This webcast covered:
- an overview of the bank insurance market
- description of key types of insurance sold in this market and some product variations
- discussion of regulatory differences faced by the insurance industry and bank industry
- pricing and product development challenges faced by actuaries working with these products
Webcast Recording–Marketing and Distribution Section Members): $69
Webcast Recording–All others: $99
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| Status Report on International Accounting and Financial Statement Webcast |
April 29, 2009 |
$99 |
Order Form |
This is a collaborative project between the Financial Accounting Standards Board and the International Accounting Standards Board. These standards are likely to affect US users of GAAP regardless of a formal overall adoption of IFRS in the US.
Join leading staff from both the FASB and IASB in what is sure to be a very active and informative discussion.
Any actuary who will need to value liabilities under this new standard or who is concerned with how earnings will emerge and reflected in financial statements should attend this webcast.
Webcast Recording–All others: $99
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| Retirement 20/20 Webcast |
March 19, 2009 |
$99
$50 per person for Enrolled Actuary Credit |
Order Form |
Retirement 20/20 is a strategic multi–year project to look at the possibilities that could exist for retirement systems outside of the traditional defined benefit/defined contribution framework. Since its inception, Retirement 20/20 has systematically brought together actuaries (pensions and annuities), economists, attorneys, employers, investment advisors and public policy experts to debate what we need for a robust retirement system in the 21st century without regard to the constraints of existing legislative requirements. We've learned a lot about how to make new retirement systems work better for individuals, society and employers, and how to utilize markets better by starting from the ground up to define the ideal characteristics such systems should have. These insights are also useful today for those working within the existing defined benefit/defined contribution framework, as well as those designing insurance solutions for retirement needs. This webcast will bring you up to date on what we've learned so far, provide an overview of the new Measurement Framework tool and give you a sneak peak at our future plans for the project.
Enrolled Actuary Credit
This webcast is recommended to meet Enrolled Actuary continuing education requirements. While the sponsors of this program recommend this topic to satisfy 90 minutes of non–core continuing credit for Enrolled Actuaries, the final decision as to meeting those requirements rests with the Joint Board for the Enrollment of Actuaries.
Webcast Recording–All others: $99
$50 per person for Enrolled Actuary Credit
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| The Impact Actuarial Guideline CCC Will Have on ROP Term Webcast |
March 11, 2009 |
$99
$69 (Product Development Section Members)
$50 per person for Enrolled Actuary Credit |
Order Form |
The Impact Actuarial Guideline CCC Will Have on ROP Term Webcast
Presented Live: March 11, 2009
Has your company been issuing or thinking of issuing Return of Premium (ROP) term? Then it is vital for you to understand what AG CCC means, and how it will change ROP term.
Participants on this webcast gain insight into the creation and purpose of AG CCC, and the items to consider as companies begin to use AG CCC. Special attention will be given to filing and pricing concerns with the implementation of the guideline from regulator, industry and product development perspectives from the panel.
This webcast covered:
- An overview of the AG CCC
- How the guideline interprets the standard nonforfeiture law
- Industry perspectives and filing concerns
- Pricing and Product changes with implementation of the guideline
WMV Download–Product Development Section Member: $69
WMV Download–All Others: $99
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| New IRS Correction Procedures for Life Insurance and Annuities Webinar |
March 4, 2009 |
$99
$69 (Taxation Section Members) |
Order Form |
New IRS Correction Procedures for Life Insurance and Annuities Webinar
Presented Live: March 4, 2009
In this webinar, learn about the five revenue procedures that significantly improve the procedures for obtaining a closing agreement to correct the inadvertent failures of life insurance or annuity contracts to satisfy the requirements of sections 817(h), 7702, and 7702A of the Internal Revenue Code.
WMV Download–Taxation Section Member: $69
WMV Download–All Others: $99
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| Global Best Practices in ERM for Insurers and Reinsurers Webcast |
Dec. 10 & 11, 2008 |
$200 (includes both tracks) |
Order Form |
Global Best Practices in ERM for Insurers and Reinsurers Webcast
Presented Live: December 10 & 11, 2008
This webcast was developed to provide the global actuarial community with new and emerging enterprise risk management (ERM) practices from different geographical regions. The webcast included speakers from Asia/Pacific, Europe and the Americas offering insight into ERM best practices. Two separate tracks were offered:
Track One
This pre-recorded track includes basic introduction sessions that registrants will have access to as a part of their registration and can view at their own convenience. These sessions will include Embedding ERM within the Organization, Economic Capital, Emerging Risks Management, Setting Risk Appetite, CEO and Board Roles in ERM.
Track Two
This track consists of live sessions, of which the topics will be repeated three times with each session offering different speakers and a regional spin appropriate for each of the three regions. These sessions will include Market Consistent Risk Management, Does ERM Need an Economic Capital Model, The Pros and Cons of Economic Capital Models vs. Stress Testing, and Is ERM Any Real Use in Soft Markets?
Webcast Recording–including both tracks (WMV File): $200
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| Impact of the Financial Crisis on 2008 Year End Financial Reporting Webcast |
Dec. 17, 2008 |
$149
$99 (Financial Reporting Section Members) |
Order Form |
Impact of the Financial Crisis on 2008 Year End Financial Reporting Webcast
Presented Live: December 17, 2008
The current financial crisis has had wide-ranging impacts on the financial services industry. This webcast will look at the financial reporting issues for year end 2008 as they relate to the current situation. The panelists will discuss both Statutory and GAAP issues including Cash Flow Testing, C–3, Phase 2, mean reversion, FAS 157 reserves and more. They will discuss the issues and solutions and approaches that are being discussed and implemented in the industry.
WMV Download–Financial Reporting Section Member: $99
WMV Download–All Others: $149 |
| Worksite Marketing Webcast |
Dec. 11, 2008 |
$149
$99 (Marketing and Distribution Section Members) |
Order Form |
Worksite Marketing Webcast
Presented Live: December 11, 2008
The objective of this webcast is to discuss issues and trends in worksite marketing.
The presentation will cover a state of the industry discussion, which will include comments regarding the current and future worksite market and products, as well as a discussion of how the sales process works. The presentation will cover the topic from the point of view of a sales representative and an actuary.
WMV Download–Marketing and Distribution Section Member: $99
WMV Download–All Others: $149 |
| Project Management: Strategies for Success Webcast |
Nov. 20, 2008 |
$199 |
Order Form |
Project Management: Strategies for Success Webcast
Presented Live: November 20, 2008
The objective of this webcast is to provide participants with practical insights to help them increase the success rate of their projects. Doris W. Orr, CA will provide participants sensible project management solutions garnered from her experience managing large, global initiatives and small–scale projects. In a small business or consulting firm, it is essential to use your time and resources wisely. You don't have time (or client budget) to re–do a failed project. This session will show you how to:
- Outline your project initiative so that it starts with the best chance to succeed
- Structure your project initiative effectively–different structures for small and large projects will be reviewed
- Keep your finger on the pulse of the project and identify early warning signals for projects that are starting to derail
- Motivate yourself and your team by celebrating interim milestones–as part of the change psychology of projects
Two actuarial project case studies–one small single–person project initiative and one large, global project initiative–will be showcased.
Webcast Recording (WMV File): $199 |
| Pandemic Flu Webcast |
Nov. 6, 2008 |
$149
$99 (Reinsurance Section Members |
Order Form |
Pandemic Flu Webcast
Presented live November 6, 2008
Pandemic risk could be considered the "elephant in the room" for life and health insurance as well as reinsurance companies. The issue is not addressed often, though the risk is real and losses could be significant if a pandemic occurs. Discussions about this risk can be difficult as solutions are not readily available and current financial reporting and ratings agency frameworks do not recognize the benefits of pandemic risk mitigation.
This seminar will update attendees on the status of the H5N1 influenza virus and possible pandemic scenarios. Key assumptions and pandemic modeling methodology will be discussed and potential risk solutions will be explored.
The target audience for this Webcast includes those interested in the potential impact of a significant pandemic event on their company's performance and those seeking solutions to mitigate this risk. More generally, the Webcast would appeal anyone interested in the quantification and stochastic modeling of extreme events.
Topics to be covered:
- Overview of history of pandemics
- Historical severity factors–Why was 1918 so deadly?
- Changes in severity factors–What would happen in a similar scenario today?
- Background and Update on H5N1
- Modeling excess mortality due to pandemic influenza
- A description of the methodology, calibration and key parameters
- Potential interventions and their effectiveness
- Emerging solutions for managing pandemic risk
- Indemnity Coverage v. Extreme Mortality Bonds
SOA Presentation Disclaimer
Presentations are intended for educational purposes only and do not replace independent professional judgment. Statements of fact and opinions expressed are those of the participants individually and, unless expressly stated to the contrary, are not the opinion or position of the Society of Actuaries, its cosponsors, or its committees. The Society of Actuaries does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented. Attendees should note that panel discussions, teaching sessions, lectures, debates and open forums are audio–recorded and may be published in various media, including print, audio and video formats without further notice.
For information on the SOA's Antitrust Disclaimer, follow this link.
Webcast Recording (WMV file)–Reinsurance Section Member: $99
All Others: $149 |
| Reviewing and Validating Actuarial Models Webcast |
Nov. 5, 2008 |
$199 |
Order Form |
Reviewing and Validating Actuarial Models Webcast
Presented Live: November 5, 2008
The objective of this webcast is to discuss the importance of and uses for reviewing and validating actuarial models, along with common methods and approaches being used across the industry.
The list of topics to be discussed includes:
- Reasons for reviewing and validating models
- Types and timing of model review and validation
- How a model review/validation is performed, including micro and macro approaches
- Aspects of a model review, and information needed, including testing and controls
- Sample templates and trend analyses
- Documentation
- Who performs reviews
Webcast Recording (WMV File): $199 |
| Preneed Insurance Issues and Trends Webcast |
July 30, 2008 |
$149
$99 (Marketing and Distribution Section Member) |
Order Form |
Preneed Insurance Issues and Trends Webcast
Presented Live: July 30, 2008
The objective of this webcast is to discuss issues and trends in preneed insurance. The presentation will cover a state of the industry discussion, which will include comments regarding the current and future preneed market and products. Also, included will be a discussion of the current regulatory environment and the valuation mortality tables. The presentation will cover the impact future changes may have on the profitability of the products.
WMV Download–Marketing and Distribution Section Member: $99
WMV Download–All Others: $149 |
| Stochastic Modeling Webcast |
July 22, 2008 |
$149
$99 (Reinsurance Section Member) |
Order Form |
Stochastic Modeling Webcast
Presented Live: July 22, 2008
Stochastic mortality and lapse analysis is emerging as a valuable tool in measuring exposure and uncertainty around mortality risk. Properly understanding the tail risk and mortality volatility can help companies determine reinsurance needs, economic capital levels and effectively manage mortality risk.
This type of measurement will be critical for emerging regulatory frameworks and will require life insurers to create/adopt new techniques for measuring risk. As development continues in this field, there may be valuable lessons from other types of insurers that already use stochastic methods extensively.
Attendees will gain a deeper understanding of current uses of stochastic modeling in life insurance and how best practices may develop with increased demand.
Presenter Panel/Moderator
- Chad Runchey and Matthew Clark of Ernst and Young presented key findings from their paper, "Stochastic Analysis of Long Term Multiple–Decrement Contracts."
- Brian Fernandes of Guy Carpenter gave perspective from a property and casualty viewpoint, where stochastic modeling has been employed in critical decision making for many years.
- David Rains of Guy Carpenter served as Webcast moderator.
WMV Download–Reinsurance Section Member: $99
WMV Download–All Others: $149
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| The Older Insured Market: Product, Underwriting & Mortality Implications Webcast |
June 25, 2008 |
$149
$99 (Product Development Section Member) |
Order Form |
The Older Insured Market: Product, Underwriting & Mortality Implications Webcast
Presented Live: June 25, 2008
The evolving market for older age products presents challenges in relation to underwriting and mortality assessment. This webcast provided an overview of the older insured marketplace, including the following:
- Current products being offered at high issue ages, along with expectations for the future;
- Limitations of traditional underwriting;
- The impact of old age underwriting, including cognitive and physical functional underwriting;
- Recent experience data for older age mortality; and
- Current "best practices" in developing mortality assumptions.
Participants will gain a deeper understanding of the older insured marketplace and what they should consider in managing the risks of this business segment.
WMV Download–Product Development Section Member: $99
WMV Download–All Others: $149 |
| Understanding Changes During Retirement: Results of Two Studies Webcast |
April 23, 2008 |
$200
$50 per person for Enrolled Actuary Credit |
Order Form |
Understanding Changes During Retirement: Results of Two Studies Webcast
Presented Live: April 23, 2008
The objective of the "Understanding Changes During Retirement: Results of Two Studies" Webcast is to discuss the Society of Actuaries' 2007 Risks and Process of Retirement Survey and the Urban Institutes' study on How Older Americans Spend Their Time.
The key topics of the Society of Actuaries' 2007 survey is to understand the stages of retirement, and how people view and manage long–term care and health risks. The SOA has sponsored this survey biennially since 2001 to gain insight on how the public views post–retirement needs and risks. The study by the Urban Institute examines what people do in retirement at different stages. The webcast is designed to offer an overall understanding of how people view and manage retirement risks, what they do during retirement, and what this means for various stakeholders.
Enrolled Actuary Credit
This webcast is recommended to meet Enrolled Actuary continuing education requirements. While the sponsors of this program recommends this topic to satisfy 90 minutes non–core continuing credit for Enrolled Actuaries, the final decision as to meeting those requirements rests with the Joint Board for the Enrollment of Actuaries.
Webcast Recording (WMV File): $200
$50 per person for Enrolled Actuary Credit |
| Breaking Away from the Curve: How to Excel Beyond Exams Webcast |
April 3, 2008 |
$200 |
Order Form |
Breaking Away from the Curve: How to Excel Beyond Exams Webcast
Presented Live: April 3, 2008
This webcast was designed to enable participants to identify and capitalize on opportunities to become successful actuaries beyond the exam structure.
There is a vast difference in knowledge and professionalism between the "younger" actuaries and those who fill senior management positions. In the future, these entry–level actuarial students are the ones that will be at the forefront of the profession. As aspiring actuaries progress through the early stages of their career, it is natural to consider questions about the coming years: What's in store for me in my future actuarial career? How do I progress successfully in this field?
The focus of the presentation will be two–fold: Rob Frasca will discuss how to succeed in technical and specialized roles and Larry Zimpleman will share the path to success as an actuary in a managerial position. Both presenters will be drawing on their own experiences in the actuarial field and the decisions they made to become the actuaries they are today.
Webcast Recording (WMV File): $200 |
| Long–Term Health Care Trends Resource Model Webcast |
April 1, 2008 |
$200 |
Order Form |
Long–Term Health Care Trends Resource Model Webcast
Presented Live: April 1, 2008
The objective of this webcast is to familiarize participants with the SOA's newly released long–term health care trends resource model.
The SOA's Pension and Health Sections commissioned Dr. Thomas Getzen of Temple University to create the model for use as a resource tool for valuation and other purposes. Among the primary motivations for the model was to provide a resource to actuaries that could be used to help explain, document, and justify long–term health care trend assumptions to interested parties. To gain the most out of the webcast, it would be beneficial for participants to review the model and supporting documentation in advance. The model and accompanying documentation can be found on the SOA Research Web site.
The focus of the webcast will be to discuss the underlying methodology of the model, a walk through of the actual model, and considerations for its practical usage by actuaries Dr. Getzen will be joined by two members of the Project Oversight Group that guided development of the model, Adam Reese and Keith Williams, in the discussion.
Webcast Recording (WMV File): $200 |
| FAS 157 Webcast |
March 20, 2008 |
$200 |
Order Form |
FAS 157 Webcast
Presented Live: March 20, 2008
The purpose of the webcast is to provide financial reporting actuaries with insights into the issues and complexities of implementing the Statement of Financial Accounting Standards No. 157, Fair Value Measurements (FAS 157). The statement is effective for fiscal years beginning after November 15, 2007.
FAS 157 applies to most financial assets and liabilities recorded at fair value under US GAAP. For financial reporting actuaries, this means that valuation models for liabilities accounted for under FAS 133 must comply with FAS 157. Most noticeably, these would include the embedded derivatives in variable annuities with guaranteed minimum withdrawal or accumulation benefits, guaranteed minimum income benefit reinsurance contracts, and equity indexed products. FAS 157 also impacts assets and liabilities included in fair value disclosures under FAS 107 as well as fair value analysis underlying goodwill impairment testing.
The webcast will cover issues with implementing FAS 157 including the development of risk margins, the incorporation of non-performance risk and the required disclosures. The presenters will discuss the theoretical as well as the practical issues involved with implementing the new standard along with what they see as the more common approaches being taken in the industry.
Webcast Recording (WMV File): $200 |
| Global Best Practices in ERM for Insurers and Reinsurers Webcast |
Jan. 16, 2008 |
$100 Track One
$100 Track Two |
Order Form |
Global Best Practices in ERM for Insurers and Reinsurers Webcast
Presented Live: January 16, 2008
This webcast was developed to promote awareness of a global actuarial community by involving actuaries globally in one event, allowing people to share risk management practices across geographical regions.
ERM is a unique field that is developing in all parts of the world at more or less the same time; therefore it is a new practice area where a global actuarial community of practitioners is developing. The webcast included speakers from Europe and Asia/Pacific, as well as the Americas, and allowed risk officers to share emerging risk management practices across different geographical regions.
Track One, prerecorded sessions, include: Embedding ERM within the Organization, Economic Capital, Emerging Risks Management and Setting Risk Appetite. The second track consists of live sessions, with the topics repeated three times, with each session offering different speakers and a regional spin. These sessions include stakeholder views of ERM, Embedding ERM within the Organization, Economic Capital, and Active Risk Controls.
- Track One MP3 File: $100
- Track Two MP3 File: $100
"CD-Roms of this webcast are not available for purchase. |
| Phased Retirement: Important Updates Webcast |
Dec. 19, 2007 |
$200
$50 per person for Enrolled Actuary Credit |
Order Form |
Presented Live: December 19, 2007
"Phased retirement" has become a commonly used phrase for employees transitioning from full–time work to part–time work and part–time "retirement." It's becoming more and more relevant for employees both near and beyond traditional retirement ages, and for employers looking to retain key talent in an aging demographic. However, as with most new and emerging concepts, it's never as simple as one would hope. Like a prism, the "color" of phased retirement is dependent upon its environment and how it's viewed. Careful consideration must be given to numerous aspects related to a phased retirement program, from the short– and long–term impact on the organization to the employee. This webcast will focus on issues relating to DB and DC plans and will include some discussion of rehiring retirees and other topics, including:
- Review of PPA, IRS–proposed regulations, legal situation regarding rehiring retirees, and other rules;
- Opportunities in the post–PPA environment;
- Alternative definitions and key program elements to consider;
- Perspectives from different angles–employers, employees, government entities; and Case studies and examples.
Enrolled Actuary Credit
This webcast is recommended to meet Enrolled Actuary continuing education requirements. While the sponsors of this program recommend this topic to satisfy 45 minutes of core and 45 minutes of non–core continuing credit for Enrolled Actuaries, the final decision as to meeting those requirements rests with the Joint Board for the Enrollment of Actuaries.
Webcast Recording (WMV File): $200
$50 per person for Enrolled Actuary Credit |
| PPA–A Review of Recent Guidance Webcast |
Dec. 12, 2007 |
$200
$50 per person for Enrolled Actuary Credit |
Order Form |
PPA–A Review of Recent Guidance Webcast
Presented Live: December 12, 2007
PPA turned the traditional way of funding plans upside down by creating a new set of funding rules, funding targets, assumptions, and benefit restrictions. The new rules have triggered a variety of implementation questions, and recently released guidance has helped clarify some of the major issues. Please join us for one of your last chances to hear about the recent guidance before the end of the year.
Topics will include:
- Benefit restrictions (covered by the proposed regulations);
- Yield curve, segment rates, and 417(e)(3) interest rates;
- Mortality tables for the funding target calculations and lump sums; and
- Changing the lump sum basis and 204(h) notices.
During this webcast, panelists will help you sort through the recent guidance and help you prepare for 2008.
Enrolled Actuary Credit
This webcast is recommended to meet Enrolled Actuary continuing education requirements. While the sponsors of this program recommend this topic to satisfy 90 minutes of core continuing credit for Enrolled Actuaries, the final decision as to meeting those requirements rests with the Joint Board for the Enrollment of Actuaries.
Webcast Recording (WMV File): $200
$50 per person for Enrolled Actuary Credit |
| SOP 05–1 Update Webcast |
Nov. 28, 2007 |
$200 |
Order Form |
SOP 05–1 Update Webcast
Presented Live: November 28, 2007
It has been months since the SOP 05–1 has become effective and longer since companies started the implementation. SOP 05–1 provides accounting guidelines for deferred policy acquisition costs on internal replacements of insurance other than those specifically described in SFAS 97. Many companies have spent a significant amount of resources implementing the SOP. There has been a diversity of practice. The AICPA issued 12 Technical Practice Aids (TPAs) early this year to provide issue–specific guidance. New issues are still emerging for some companies.
The SOA Life Insurance Company Financial Reporting Section is sponsoring an SOP 05–1 Webcast to bring you the latest update. We have recruited a panel of experts from a major insurance company, a Big Four accounting firm and a leading actuarial software firm.
The webcast will cover current issues, including:
- Issues companies may still need guidance on now that the TPAs have been adopted.
- Issues with guidance provided by the TPAs or the SOP where there may still be ambiguities, especially in cases where facts and circumstances have to be considered or quantitative methodshave to be used.
- Lessons learned and useful for future internal replacements, in terms of product design, implementation and systems.
The webcast will also include a brief report of the results of the SOP 05–1 survey recently conducted by the Financial Reporting Section. You will get a glimpse of how others are dealing with the SOP.
Webcast Recording (WMV File): $200 |
| Beyond Mortality–The World of Asset–Intensive Reinsurance Webcast |
Nov. 7, 2007 |
$200 |
Order Form |
Beyond Mortality–The World of Asset–Intensive Reinsurance Webcast
Presented Live–November 7, 2007
Many life insurance professionals are familiar with reinsurance of term, universal life, and other products that focus on mortality risk. Reinsurance is thought of–correctly–as an important tool for managing mortality risk and the related capital and financial issues. Reinsurance goes well beyond these traditional products and uses, though, and that is the focus of this webcast.
The panelists, representing an annuity direct–writer and a reinsurer, will walk through the timeline of an asset–intensive reinsurance transaction. After defining asset–intensive reinsurance and comparing it with "traditional" reinsurance, the panelists will discuss, in a highly interactive session, everything from the initial motivations of the parties involved, to the unique pricing, treaty, valuation, administrative, investment and other considerations such reinsurance presents. After walking through the timeline, the panelists will discuss the future of asset–intensive reinsurance as well as hot topics in this area.
This program was developed for all experience levels and would be of particular interest to those that price asset–intensive products (annuities, universal life, etc.) and/or those who manage capital.
Webcast Recording (WMV File): $200 |
| The New GAAP: The International Standards that Will Replace US GAAP for Insurance Contracts Webcast |
Aug. 1, 2007 |
$200 |
Order Form |
The New GAAP: The International Standards that Will Replace US GAAP for Insurance Contracts Webcast
August 1, 2007
The International Accounting Standards Board published in May a discussion paper on an entirely new method for valuing Insurance Liabilities for general-purpose accounting. A month later, the US Financial Accounting Standards Board issued the same Discussion Paper along with the question as to whether it should make insurance accounting a joint project with the IASB.
At the same time, the International Actuarial Association has published an exposure draft on the methods and considerations on determining the liabilities under the new International Solvency proposals being developed by the International Association of Insurance Supervisors (which includes the NAIC as a member).
This webcast provides you with the opportunity to hear and question industry experts discuss these papers and what they may mean for actuaries and the entire insurance industry.
Professional Development Credit
This webcast has been approved for 1.5 units of Professional Development credit.
Webcast Recording (WMV File): $200 |
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