Description: 2021 ImpACT Conference - Session 1C: GREAT DEBATE: There Exists an Actuarial Profession: Yes or No 10.25.21 Recording

Description: The actuarial profession and our stakeholders in the insurance industry are in a unique position to help quantify and mitigate environmental risks via pricing and benefit incentives. Property insurance prices and benefits can encourage responsible and sustainable development. By developing insurance markets and making various types of insurance available in developing regions, which are disproportionately affected by environmental risks and hazards, we can provide protection that is critical for economic development. In spite of the risks posed by environmental issues to actuaries and our stakeholders, and in spite of the opportunities for actuaries and our stakeholders to address environmental risks, actuarial literature is limited with respect to such topics as: environmental risks, including natural disasters, pollution, clean air and water, degradation of the natural and human environment, resource depletion and sustainability, climate change and its consequences; local, national, regional and global efforts to address environmental risks; methods and models used by the scientific community to study environmental risks; methods and assumptions used to quantify the economic or financial risk associated with environmental hazards. This webcast will feature three of the papers addressing these topics that have been published so far in this series of twelve papers. The authors of the papers will present their topics and attendees will be able to participate with questions and answers.

Description: Learn to build an element of international exposure into your career. International assignments are incredibly varied, some of which include covering international issues from a home-country post, to short-term assignments abroad, longer postings abroad, or building a lengthy career in your country or country different from your home. Our panelists are from a variety of countries of origin, career stages, and practice areas and will share their experiences and field questions.

Description: At this panel discussion with the SOA Sustainable Development Goals (SDGs) Taskforce members, you will learn about the SOA's plans to partner with key local and global organizations to address societal issues such as health and well-being; decent work and economic growth; reduced inequalities; and climate action. Hear more about thetaskforce's action plan and the next phase of the engagement, which is centered on volunteer activities, namely moving forward with the SOA Innovation Team to launch the SOA SDG Incubator. Lastly, look at creating tangible opportunities for members to apply their current skills, transpose their experiences and add new skills contributing to solving for these critical issues.

Description: The Great Resignation of the Post-COVID-19 era has affected nearly every major industry and profession over the past year. The actuarial profession, which has historically been a beacon of stability,is also impacted. Actuaries are leaving their positions at higher rates than ever before, demanding increased pay and benefits, more flexible hours, and the ability to work remotely. Ever-increasing demand for actuaries due to constantly evolving regulatory and business needs has widened the gap between the demand for and supply of actuarial work. What innovations are available for actuarial employers looking to bridge this gap? Get ready to listen to a panel of specialists on actuarial staffing models. The panel will discuss direct hiring, staff augmentation with consultants, independent contracting, and offshoring / outsourcing. The panel will explain how employers might pursue these options as well as the costs and benefits of each. Learn more about how current employees can benefit from various staffing models while avoiding common pitfalls; for example, how to engage and work effectively with offshore resources.

Description: Discover the rapidly developing health and wellness industry during the Use of Health and Wellness Data in L&H Risk Assessment webcast. Our discussion includes the maximization of data usage through several different means, including current risk selection, creation of a dynamic ongoing assessment offering or substitution of traditional underwriting information to shorten the underwriting process. Come explore these different approaches as they affect the health and wellness industry. We will express the importance of a constantly changing data usage environment in order to better prepare insurers to maximize their data and drive health and wellness forward.

Description: What relevance does ESG and Sustainability have for actuaries? In the Life and Health space, we know that large protection gaps persist, reminding us of the challenges reinsurers and insurers face in reaching underserved customers who are often lower-income, less healthy, and more likely to suffer impacts of climate change. The Sustainable Actuary is focused on solving these challenges to make life and health insurance more inclusive. This ImpACTful panel will dive into these challenges and provide practical case studies of more inclusive insurance products that balance considerations for people, the planet, and profit. Listeners will walk away with ideas for how to use their actuarial expertise to enable greater social impact and sustainable business value.

Description: With seemingly unending demands on life & annuity companies for more intense and complex calculations, as well as greater sophistication around analytics, and all of this done at speed, never before has it been so important to seek out maximum efficiency in constructing models. In this session the panelists examine how the combination of various model efficiency approaches, pulling in many different facets of modeling and making it flexible enough to dial up or down various modeling components, can bring about incredible results. Not only does it become possible to produce and expand upon financial risk metrics via a building block approach, but also enables life insurers to produce analytics and dashboards to support strategic decisions that were simply not possible or cost effectively viable before.

Description: The topics of ESG (Environmental, Social & Corporate Governance) and sustainability are an increasing area of focus for insurance companies, and thus actuaries. This webcast provides a primer on these topics along with considerations for US valuation actuaries and their evolution in European insurance markets.

Description: Learn from experts how to manage large projects, from managerial and technical perspectives, and drive teams to success. Actuaries are taking on more central roles over their career development, creating a need for skills to coordinate across large groups to deliver results. In this session, you will learn about the key elements within the lifecycle of a project plan that is applicable to any project, and hear from experts and your peers about examples that led to success. This is an interactive session where you will have a chance to discuss the topic with the presenters and other attendees.