Description: Until recently, the placement of healthcare coverage risk in captives was rare, and those captives that carried healthcare risk were generally in Bermuda, Cayman or other traditional offshore captive domiciles. In recent years, more and more entities taking risk on healthcare costs have been exploring the value of placing portions of that risk into a captive insurer or reinsurer, including employers, insurers, and healthcare providers. The increased utilization of healthcare insurance/reinsurance captives (“healthcare captives”) has also expanded the breadth of captive domiciles, with many of these captives being formed in U.S. onshore domiciles. The purpose of this research is to examine the evolution of the use of healthcare captives for managing risk, how the landscape for healthcare captives is changing, captive structures utilized, and methodology for evaluating and selecting a jurisdiction. In addition to providing a resource to help healthcare insurers and other entities manage risk, the research can be used by policymakers to assess the impact of healthcare captives to existing insurance industry regulation and requirements

Description: This webcast presents findings from a recent report sponsored by the Aging and Retirement Strategic Research Program that explored the savings and retirement planning of 35- to 45-year-olds through a series of focus groups. The motivation for this effort was to gain insight into the attitudes, beliefs, and other factors that influence this age group’s savings and retirement planning. Along with findings from the report, additional context and perspectives on the broader implications of the report will be presented. These implications include its connection to other research sponsored by the Aging and Retirement Strategic Research Program and the current retirement landscape. The perspectives of different stakeholders will be considered.

Description: Review the syllabus for the Fall 2024 Retirement Plan Investment and Risk Management (RETRPIRM) Exam.

Description: This report focuses on the risks of change in the insurance industry and adapting to the "New" New Normal. It includes survey results, analysis, and discussions on various risks affecting the industry in the current environment.

Description: "Risk adjustment is an important aspect of establishing appropriate capitation rates. When a set of services is carved out for specific management under a sub-capitation, establishing appropriate adjustments for varying levels of underlying risk is more complicated. Dive into analytical and operational challenges and resolutions as presenters share more about developing a risk adjustment model specific to the carve-out of behavioral health services through a real-life case study. You will further explore a definition of the use case, availability of historical data sets, selection of the modeling approach, learnings from the iterative modeling process, and the potential application of the results. After attending this session, you will be able to: Understand why a behavioral health specific-risk adjustment model has business value Understand the unique challenges related to developing risk adjustment on member and cost subsegments Understand the impact of trade-offs between model complexity and interpretability in the context of implementation Increase awareness of data nuances and requirements unique to this type of project Describe analytic techniques that can be investigated for use in projects of similar business objectives"

Description: This article provides a summary of the research paper and Excel-based tool that can be found on the SOA’s website at Regulatory Capital Adequacy for Life Insurance Companies: A Comparison of Four Jurisdictions | SOA.

Description: The pension risk transfer (PRT) market has increasingly expanded to include the complexity of deferred participants who have additional options that do not exist for a retiree already receiving their benefit. Assumptions on the timing of benefit commencement and form of payment elected are highly dependent on specific pension plan provisions and the census population. These assumptions can have significant impact on the reserves and cash flows affecting not only the initial price but the future profitability of the deal and require a balance of both pension experience and annuity pricing. Learn about considerations for assumptions fit for purpose from pension actuaries working in the PRT market and who specialize in the assumption setting process for deferred lives.

Description: The article provides an overview of the federal tax treatment of long-term care insurance contracts, including a brief history of the tax treatment of long-term care insurance, the requirements that must be satisfied in order to be treated as qualified long-term care insurance under the Internal Revenue Code, and a brief discussion of qualified long-term care combination products and chronic and terminal illness accelerated death benefits offered under life insurance contracts.

Description: 2024, Volume 25. Number 1 issue of The Retirement Forum

Description: Begin your first full day of productive learning on the right note with a warm welcome and a delicious breakfast. Hear a keynote presentation from an economist on insights on the markets and their impact. Breakfast is available for all meeting attendees as part of the registration fee.