Description: Review the syllabus for the July 2024 Fundamentals of Actuarial Mathematics (FAM) Exam.

Description: Become informed about the approach and adverse effects of the regulation of third parties and advance consent by the proposed NAIC Consumer Privacy Protection Model Law #674. You will hear an explanation of the regulation of third parties through their contracts with insurers. Learn specifics on the negative effect on companies contracting with third parties. Find out more about the requirement for advance consent for use of personal data for actuarial and marketing studies, and hear two potential solutions .At the conclusion of this session, you should be able to explain concerns about contracting with third parties for external data under the Model Law and learn potential solutions to using personal data for actuarial and marketing studies.

Description: Where once an insurer's chief investment officer (CIO) reigned supreme over assets-aided and sometimes hindered by the involvement of a chief risk officer (CRO)-these days managing portfolio risk and return seems to be an altogether more complex affair. No less of this complexity has come from the expansion by insurers into illiquid assets in the last decade. Moving away from traditional assets has raised scrutiny of liquidity risk management, but how do insurers tackle this? In a world 'brimming with large and growing portfolio allocations to illiquid private assets,' liquidity management concerns are distinct from a typical CRO's portfolio or asset risk orientation. There's a need to look at all aspects of a fund's liquidity demands and sources, such as top-down asset allocation, bottom-up private market deal-making activities, and internal and external operations. A dedicated liquidity management function should also be able to identify both explicit and potential liquidity demands and sources and, in particular, stay in touch with market movements and the regulatory environment. It should identify, evaluate and keep at-the-ready possible external liquidity facilities-for example, the secondary market for private equity stakes, a collateralized portfolio liquidity line, a repurchase agreement or a futures program. A high-quality liquidity management team can also identify when a fund has too much liquidity, the cost of being overly cautious and how to put excess liquidity to work.

Description: Over the past three years, we have seen technology take hold of consumerism, becoming the key operational component to remaining competitive in an increasingly digital marketplace. In the insurance sector, today's consumers want digital, personalized solutions for all of their needs, and they are willing to offer up personal information in exchange for more personalized coverage that is based on their behaviors and lifestyle choices. If insurers want their products to be recognized as an essential in the virtual 'wallet' of Millennial consumers, they must re-assess their digital service strategy with an emphasis on customer service and rewarding the consumer. Participate in this session to explore consumer trends in the life insurance industry. You can also join the discussion about the key facets of a successful digital solution, based on the digital service strategies of current market makers who have capitalized on the boom of custom apps, social media sites and other digital distribution channels to market their products to Millennials.

Description: Discuss issues related to illustrations, including illustration testing, ASOP 24, the illustration model regulation and AG 49 at the practice level. Come prepared with questions and comments on the world of illustrations and illustration testing. Explore ideas for what's working and not working in the illustration world and formulate plans to tackle pressing illustrations issues. At the end of this workshop, you will be able to Identify issues related to illustrations and illustration testing for life products, discuss possible ways to resolve issues issue identified, and explore the future state of illustrations and illustration testing for various products.

Description: View the list of Actuarial Research Conference (ARC) Presentation Winners from the 58th ARC.

Description: Stefanos Orfanos shares his perspective and priorities for this year as the incoming chair of the SOA Education and Research Section.

Description: There are many underwriting issues being discussed in states that challenge how information is used in the underwriting process. Learn more about a variety of rules and regulations, especially Colorado’s proposed regulation requiring a governance and risk management framework for life insurance carriers’ use of external consumer data and information sources (ECDIS), and algorithms and predictive models using ECDIS. This Colorado proposal is more far-reaching than the requirements of other states like New York and Connecticut, who have put up guardrails for the use of new data sets and algorithms especially for underwriting. Listen in as experts discuss the potential issues and implications of this and other proposed regulations.

Description: There are many underwriting issues being discussed in states that challenge how information is used in the underwriting process. Learn more about a variety of rules and regulations, including Colorado's proposed regulation requiring a governance and risk management framework for life insurance carriers' use of external consumer data and information sources, as well as algorithms and predictive models using such data. Recent proposals are more far-reaching than existing requirements in states that have put up guardrails for the use of new data sets and algorithms, especially for underwriting. Listen in as experts discuss the potential issues and implications of this and other proposed regulations.

Description: Learn more about what to expect on exam day for paper/pencil (P/P) exams.