Webcast & Virtual Session Recordings

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TitleDateCostPurchase
Ethics in a Pension Context WebcastDec 17, 2015$149 Member / Non-MemberPurchase

CPD: 2.00
EA: 2.00
Competency: Professional Values

Inevitably, at some point in an actuary's career something goes wrong-a mistake is made, a miscommunication occurs, a confidence is breached or you're asked to do something you may not be qualified to do. How do you know what to do? 

Make sure to participate in this webcast to learn from experienced actuaries who will facilitate a discussion of various ethical problems faced by pension actuaries in their everyday practice. The presenters will suggest possible solutions and debate the merits of each. The broad concepts discussed in dealing with these pension-specific scenarios will be instructive in dealing with the ethical dilemmas that may occur anywhere in the business setting.

At the conclusion of the session, attendees will be able to:

  • Analyze the situation identified in the case study and identify the key issues raised;
  • Evaluate the approaches to resolving an ethical dilemma; and
  • Apply the principles embedded in the Code of Professional Conduct to resolve ethical dilemmas that may arise for pension actuaries in the course of their practice.

This webcast recording is recommended to meet Enrolled Actuary continuing education requirements. While the sponsors of this program recommends this topic to satisfy 2.00 EA Core/Ethics Continuing Education credit for Enrolled Actuaries, the final decision as to meeting this requirement rests with the Joint Board for the Enrollment of Actuaries.

Note: The recording available for purchase is intended for individual viewing. Only one EA credit certificate will be issued per recording purchase.

Successful Management of Insurance Business (LTC, Life and P&C) WebcastDec 17, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

Experts, Stan Hoch and Ben Keslowitz, will be speaking about the various steps involved in the management of inforce insurance business. Hoch's comments will primarily be directed at property and casualty business (P&C), whereas Keslowitz will focus his discussion on long term care insurance (LTC) with some comparisons to life insurance. In addition, Hoch and Keslowitz will address these P&C and LTC topics:

  • Asset management options;
  • Capital concerns and metrics;
  • Liability management and administration;
  • Optimizing profitability metrics;
  • Policyholder communications and rate filings; and
  • Valuation options and implications.

 

2015 Year-End Financial Reporting Considerations WebcastDec 16, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

The Smaller Insurance Company and Financial Reporting sections are delighted to present this annual webcast. Participants will be provided with a timely summary of things to consider for this year-end's financial reporting work.

For this year-end we have lined up three expert speakers to bring you up to speed on the latest considerations surrounding the following hot topics:

  • Cash Flow Testing
  • AG 48
  • NAIC Update

Participate in this webcast and be better prepared for this year-end's financial reporting work.

Global Social Security Reforms WebcastDec 15, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

Social security is a concept enshrined in Article 22 of the Universal Declaration of Human Rights, which states: "Everyone, as a member of society, has the right to social security and is entitled to realization, through national effort and international co-operation and in accordance with the organization and resources of each State, of the economic, social and cultural rights indispensable for his dignity and the free development of his personality."

This webcast will introduce the audience to recent reforms of social security regimes in selected geographies. Experts will discuss various approaches to providing old-age pensions, survivors' benefits, disability benefits and other traditional contingencies defined by Convention No. 102 of the International Labor Organization.

Economic Capital Modeling – Technical and Practical Considerations for Life Insurers WebcastDec 14, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

Although economic capital (EC) models have been in use or under development by life insurers for several years, practices vary across the industry and methodology continues to evolve. Experts for this webcast will address technical considerations for developing and maintaining an EC model, including:

  • Reflecting correlation and diversification benefits, using market risk examples;
  • Obtaining fast and accurate results from curve fitting and proxy modeling techniques; and
  • Using the EC model for business applications and how they are influenced by methodology choices and modelling techniques.

 

Life Insurance M&A WebcastDec 10, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

In this webcast, a panel of experts will provide an overview of the North American life and annuity mergers and acquisitions (M&A) landscape. The panel will discuss trends and share perspectives through the lens of a global reinsurer, an investment banker and an equity analyst.

Economic Capital Modeling – Technical and Practical Considerations for P&C Insurers WebcastDec 09, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

Experts will provide an overview of property and casualty economic capital modeling (ECM) components, modeling concerns and key considerations. The goal of the webcast is to help participants better understand ECMs and to provide them with the basics to move their companies toward their ECM 2.0. ECM 2.0 can become well-embedded within an organization, useful in business analysis and decision-making, as well as understood throughout the company. 

Issues and Challenges in a Principle-Based Reserving World WebcastDec 08, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

With full principle-based reserving (PBR) requirements looking more likely by 2017, actuarial practitioners are becoming more concerned about the implications. Already the requirements are a reality in Actuarial Guidelines 38 and 48. This webcast will consider the practical implications of PBR and the calculations prescribed by Actuarial Guideline 48, considering both level term business and universal life business with secondary guarantees. The findings discussed will provide an indication as to what issues the insurance industry might need to anticipate as it prepares for the wider implementation of PBR in the coming years.

Medicaid Long-Term Services and Supports (LTSS) 101 WebcastDec 04, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

The demand for long-term services and supports (LTSS) is on the rise as the U.S. population continues to age. The upcoming surge in the elderly population is introducing a spotlight on LTSS, and the increasing burden to our publicly funded programs.

This webcast will introduce the audience to Medicaid LTSS, covering the basics of various state programs including: stakeholders, benefits, covered population, care delivery, and financing. An introduction to the capitation rate setting process will also be given. Experts will discuss various state approaches to providing LTSS to Medicaid recipients which include fee-for-service (FFS), managed care delivery of benefits, distribution of beneficiary costs and challenges faced from different perspectives. They will also review methods utilized to control LTSS costs under state Medicaid programs and alternative health care models and delivery systems that may be employed.

Catch-up with Solvency IIDec 03, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

U.S. insurers can improve their Enterprise Risk Management framework and procedures by learning from the experience of European insurers confronted with Solvency II requirements for their:

  • Solvency capital calculation by implementing the standard formula given by the regulators (Pillar 1) and understanding its risks diversification properties.
  • Own Risk and Solvency Assessment (ORSA), as the cornerstone of the risk governance and monitoring (Pillar 2). The webcast will focus on how implementing a risk policy corresponding to the strategic planning of your company and using stress test scenarios to determine your risk profile and monitor it.
  • Reporting to the regulators and to the public (Pillar 3) that necessitate a strong organization and planning ahead to be able to produce all the required templates and reports and use them as risk monitoring tools.

 

Health Statement Actuarial Opinions and Actuarial Memoranda WebcastDec 03, 2015$149 Member / Non-MemberPurchase

CPD: 1.80
Competency: Health Section, Financial Reporting Section

This webcast is presented by: Health Section

This webcast will cover the Actuarial Opinion and Memorandum for Health Actuaries. Experts will address these topics:

  • Types of Actuarial Opinions
  • Components of the Opinion
  • Scope and format of the Actuarial Memorandum
  • A discussion of the items to include in the Actuarial Memorandum for the most common A&H reserves and Liabilities
  • Other considerations for Health Actuaries preparing the Actuarial Memorandum, including challenges related to the ACA

 Note:  The recording available for purchase is intended for individual viewing.

Problem Solving with Machine Learning: A Practitioner’s Approach WebcastDec 02, 2015$149 Member / Non-MemberPurchase

CPD: 1.50

Competency: Technical Skills & Analytical Problem Solving

In a 2001 paper, famous statistician Leo Brieman classified statistical modeling in two classes: one, stochastic data model (requires a complete understanding of the underlying data generating process (DGP)) and two, algorithmic models (treats DGP to be unknown). He argued that if "our goal as a field is to use data to solve problems, then we need to move away from exclusive dependence on data models and adopt a more diverse set of tools." In this webcast, experts will give a practitioner's-level overview of these "diverse set of tools" along with philosophical motivations and an illustrative case study.

Experts will also use real cases to demonstrate how actuaries can build models to help solve business problems. The examples will include:

  • Predicting policy lapses to guide actuarial assumption setting; and
  • Analyzing a hospital readmission dataset with an objective of predicting patients' likelihood of coming back to hospital during the first 30 days of discharge.

 

A series of progressively complex predictive modeling tools will be presented. The learning algorithms discussed will include:

  • The more classical, but still useful, generalized linear model framework;
  • The more adaptive, but at times fragile, classification and regression tree (CART) model; and
  • Ensembled extensions of CART models that achieve best in class performance: Random Forests and Gradient Boosted Machines.

 

Six Servant Leadership Principles of Success and Bottom-Line Impact WebcastDec 01, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

Participants will learn essential servant leadership behaviors that lead to excellence, motivate and inspire teams and produce business results. To showcase the latest research and best practices, case studies involving successful global companies will further demonstrate what active servant leadership looks like in practice. Ultimately, participants will identify the high standards and set the bar for servant leadership as the foundation for developing and shaping a leadership culture that produces results. 

Canadian Drugs Coverage and Specialty Drugs – Trends and Impact for Employer-Sponsored Plans Webcast Nov 24, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

Competency:  External Forces & Industry Knowledge

Experts will review key trends and drivers in drug utilization and costs in Canada, including expected developments in the area of specialty drugs and the impact on costs for plan sponsors. They will review a recent Canadian health care study, which shows the volume and costs of drugs consumed by Canadian employees and their dependents from birth to retirement. The presentation will also look at demographic and health trends in Canada, and analyze potential challenges for Canadian employers with respect to their health care programs.

Finally, the experts will discuss the impact of high cost drugs on benefit plans offered to active employees and retirees, including:

  • Potential approaches for modelling expected cost increases;
  • Setting actuarial assumptions for post-retirement benefit valuations; and
  • Ensuring the long term financial sustainability of drug benefit programs.

 

Medicaid Encounter Data: The Next National Data SetNov 24, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

Competency: External Forces & Industry Knowledge

This webcast is presented by the Health Section.

Medicaid beneficiaries are enrolled in MCOs today, and states are continuing to expand into new managed care markets, the collection of encounter data has become crucial to the actuary's role in Medicaid.

A panel discussion with representatives from three different perspectives:

  1. Jess Kahn from the Center for Medicaid and CHIP Services will discuss the efforts of the Centers for Medicare & Medicaid Services to collect, maintain and expand access to complete and accurate Medicaid encounter data through the Transformed Medicaid Statistical Information System data.
  2. Ernest Jaramillo from Mercer will discuss how encounter data are used by states and why it is vital to have good quality data submitted by all plans. He will introduce challenges and resolutions encountered by states when working with health plans to transfer, warehouse and use encounter data.
  3. Sabrina Gibson from Wellcare will discuss common challenges and resolutions encountered by health plans when working with providers to submit claims as well as in trying to submit clean, complete and accurate encounter claims information to states.

 Note: The recording available for purchase is intended for individual viewing.

Addressing Challenges for the Health Actuary in a Small Insurance Company WebcastNov 18, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

Competency: External Forces & Industry Knowledge

This webcast is presented by: Health Section, Smaller Insurance Company Section

The webcast will discuss the challenges of managing actuarial issues within a small health insurance issuer. Experts will address:

  • Affordable Care Act (ACA) pricing strategies, including risk adjustment;
  • Pricing strategies for products with no or limited experience;
  • Estimating ACA liabilities with no or limited experience;
  • Asset adequacy analysis;
  • Managing and staffing special projects, including using consulting actuaries.

Note: The recording available for purchase is intended for individual viewing.

Keys to Succeeding in the Medicare Advantage Market WebcastOct 29, 2015$149 Member / Non-MemberPurchase

CPD: 1.80
Competency: External Forces & Industry Knowledge 

This webcast is presented by the Health Section.

Two key areas where Medicare Advantage plans must focus in order to be successful are STAR Ratings and risk scores. The financial implications of low risk scores due to insufficient coding or low STAR ratings can make a plan uncompetitive. This webcast will highlight some key areas in which Medicare Advantage plans can ensure they are capturing all appropriate diagnoses for risk scores and measure the impact of their coding efforts, as well as identify ways to ensure plans can identify potential STAR rating deficiencies and take action in a timely manner.

At the conclusion of the webcast, participants will be able to determine ways to assist Medicare Advantage plans to ensure they maximize their risk scores and STAR ratings.

Practical Issues Related to Smaller Companies’ ERM and ORSAOct 28, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

This webcast takes a look at ERM/ORSA practical issues. Experts will address lessons learned in the first year of ORSA and will look to the future as companies move past implementation. Whether companies are subject to or exempt from ORSA, lessons learned provide valuable insights into ERM.
Additionally, expert presenters will share their experiences regarding the practical issues and challenges in ERM activities and developing an ORSA report. The webcast explores current issues under consideration for a non-finalized report, issues in preparation for 2016 and beyond, as well as a broad and specific look at issues from a cross-section of companies and the more general challenge of ERM efficacy. 

Wholesaling - An Introduction WebcastOct 22, 2015$149 Member / Non-MemberPurchase

CPD: 1.80 

Competency: External Forces & Industry Knowledge

Wholesaling is the link between the home office and a company's distribution channel. A wholesaler provides agents and advisors valuable education, advice and information on the products designed by the product and actuarial teams.

Experts during this webcast will present an overview of wholesaling in the industry, a description of the role of a wholesaler function from a sales and marketing management perspective and finally a "day in the life" of an external wholesaler. At the conclusion of the webcast, participants will have a better understanding of how the wholesaling process drives successful sales results.

Specialty Pharmacy Update WebcastOct 20, 2015$149 Member / Non-MemberPurchase

CPD: 1.80
Competency: External Forces & Industry Knowledge 

This webcast is presented by the Health Section

The growth in unit cost and utilization of specialty pharmaceuticals is a critical part of the overall trend in healthcare costs. In this webcast, pharmacists will talk about conditions treated by these drugs, the patient population, managing the costs and look into the future to see what is in the pipeline. The presentation will compare and contrast the Medicare, Medicaid and Commercial payer perspective. Since the growth of specialty drugs to treat conditions is not confined to the United States, actuaries from other countries may also find the topic of interest.

Note-The recording available for purchase is intended for individual viewing.

V111 - Indexed Product Deep Dive (Life & Annuity)Oct 13, 2015$149 Member / Non-MemberPurchase

CPD: 1.50
Competency: Technical Skills & Analytical Problem Solving

Over the last decade, indexed products have become very popular in both life insurance and annuities. This session will explore considerations impacting both product lines. Specifically, the session will cover topics such as hedging strategies, illustration requirements, development of proprietary indexes, U.S. GAAP considerations, and other items that impact both life and annuity indexed products.

At the conclusion of the session, attendees will be able to identify the issues that impact indexed life and indexed annuity products and determine ways that companies can address these issues.

V93 - Measuring the Success of LDI Virtual SessionOct 13, 2015$149 Member / Non-MemberPurchase

CPD: 1.50
EA: 1.50 EA Noncore 
Competency: Technical Skills & Analytical Problem Solving

The process of designing and implementing a pension investment strategy typically relies on ex-ante quantification of expected outcomes (funded status volatility, contribution levels, etc. Once the strategy is in place, however, a pension sponsor and their investment consultant and managers should regularly monitor the strategy's performance to see if it is performing as designed or if adjustments are needed. 

With a focus on corporate defined benefit pension plans, this session will consider potential approaches to assessing an investment strategy's effectiveness in a manner that reflects stakeholder priorities and objectives. Discussion topics will include how to assess performance given different investment strategies, ex-post risk metrics, and attribution of unexpected outcomes by risk source (including interest rates, credit spreads, equity returns, manager selection, and plan demographics).

 At the conclusion of the session, attendees will be able to:

  • Calculate metrics to measure investment performance;
  • Interpret the success of an investment strategy; and
  • Evaluate the investment results relative to a pension liability.

This virtual session recording is recommended to meet Enrolled Actuary continuing education requirements. While the sponsors of this program recommends this topic to satisfy 1.50 units Noncore Continuing Education credit for Enrolled Actuaries, the final decision as to meeting this requirement rests with the Joint Board for the Enrollment of Actuaries.

Note-The recording available for purchase is intended for individual viewing. Only one EA credit certificate will be issued per recording purchase.

V15 - Predictive Analytics for Actuaries: Predictive Modeling of Health Insurance Big DataOct 12, 2015$149 Member / Non-MemberPurchase

CPD: 1.50
Competency: Technical Skills & Analytical Problem Solving

Dive into a case study about a project completed with a major U.S. health insurer. A novel method was used to choose the best model for each individual ETG (episode treatment group) efficiently and accurately. Additionally, computational time was reduced from four weeks to just two minutes. Surprisingly, the most common model for claim severity (the gamma distribution) was not selected as the best model for any of the 320 ETGs. In addition to learning about the case study we'll explore some commonly used predictive modeling methods, discuss their pros/cons and provide an overview of model efficiency and validation techniques.

Attendees will be shown a novel way to model claim severity, will learn that the most common model for claim severity (gamma) is usually suboptimal and will learn how to optimize the model selection procedure for accuracy and efficiency.

V30 - How to Keep your Spreadsheet out of the Headlines: Best Practices in ExcelOct 12, 2015$149 Member / Non-MemberPurchase

CPD: 1.50

Competency: Technical Skills & Analytical Problem Solving

The European Spreadsheet Risks Interest Group keeps a list of spreadsheet horror stories, mistakes that caused tremendous damage to companies, individuals and society. Most of these mistakes were committed by experienced practitioners who did not put best practices into place. The presenters will speak from a range of work settings about spreadsheet practices they utilize to simplify their work and reduce the probability of errors.

At the conclusion of the session, attendees will be able to apply best practices in Excel or other spreadsheet software to their day-to-day work.

Self-Funding and Small Groups WebcastOct 08, 2015$149 Member / Non-MemberPurchase

CPD: 1.80
Competency: External Forces & Industry Knowledge

This webcast is presented by the Health Section

Under the Affordable Care Act (ACA), groups with 100 or less employees will eventually be subject to the ACA's modified community rating rules. While some groups will see lower premiums than they would have without the ACA, others will see significant premium increases. Many of the latter type are motivated to avoid the ACA as long as they can, as evidenced by the large number of small groups that chose to keep their transitional coverage at renewal in 2014. With the availability of transitional coverage soon to expire, what will these groups do in the long-term? Will they purchase ACA-compliant coverage, drop coverage or maybe find some way to be defined as a large group? Another possibility is for these groups to enter into a self-funding arrangement of some sort.

Though self-funding has historically only been a realistic option for groups with at least a few hundred employees, the premium disruption and potential loss of business caused by the ACA has incentivized insurance carriers and third party administrators to develop self-funded product offerings for small groups.

This webcast will provide attendees with an introduction to this potentially significant market, along with an understanding of how these products are designed and priced. Experts will address why these products have yet to gain significant market share, regulatory and market considerations associated with the product and the potential risks involved with the product for both insurers and small groups.

Note-The recording available for purchase is intended for individual viewing.

The Risk Sharing Plans: Models and Implementations WebcastOct 07, 2015$149 Member / Non-MemberPurchase

CPD: 1.80
EA: 1.80 Noncore
Competency: Strategic Insight & Integration

In the last few years, risk sharing plans have received considerable attention in an attempt to find retirement solutions which address the challenges of existing defined benefit and defined contribution (DC) arrangements. In response to growing interest, the SOA conducted a research study to model various design implementations of the target benefit plan concept. Barbara Sanders, the principal investigator for the study, will present key findings from this research, including metrics describing the behavior of DC-like implementations of target benefit plans, as well as the impact of different design options and assumptions on the projected security, stability and adequacy of benefits payable to different cohorts.

Rosalind Gilbert, the actuary consulting on the University of British Columbia Faculty Pension Plan's Variable Payment Life Annuity Income Option, will discuss her experience with this practical example of a risk-shared plan, including:

  • How the plan works and the development of its design;
  • How it compares to the DC-like implementations of target benefit plans investigated in the SOA study;
  • Actuarial issues and considerations specific to this plan;
  • Communication efforts and member response; and
  • Regulatory obstacles and a "call for action."

The Risk Sharing Plans: Models and Implementations webcast is co-sponsored by the Canadian Institute of Actuaries.

This webcast recording is recommended to meet Enrolled Actuary continuing education requirements. While the sponsors of this program recommends this topic to satisfy 1.80 units Noncore Continuing Education credit for Enrolled Actuaries, the final decision as to meeting this requirement rests with the Joint Board for the Enrollment of Actuaries.

Note-The recording available for purchase is intended for individual viewing. Only one EA credit certificate will be issued per recording purchase.

PGAAP and Gains Followed by Losses on Long Duration Contracts WebcastSept 16, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

This webcast will cover the application of two important GAAP accounting concepts, PGAAP and Gains Followed by Losses on Long Duration Contracts.

PGAAP refers to the purchase method of accounting for business combinations under GAAP. The PGAAP portion of this webcast will focus on the treatment of intangible assets under PGAAP. Various methods for calculating the value of business acquired (VOBA) will be discussed. The calculation of goodwill and other intangible assets will also be covered.

The second portion of the webcast will present examples on reflecting profits followed by losses on long duration contracts in GAAP financial statements. The examples will demonstrate issues that should be considered under various GAAP interpretations.

Practice notes on both subjects have been recently issued. Attend this webcast and stay up to date with current actuarial practice in these two important areas of GAAP financial reporting.

SOA Candidate Connect Webcast—How to Land Your Dream JobSept 04, 2015Free

Presentation(s): View Video

The webcast takes aspiring actuaries on a deep dive into actuarial recruiting and job searches. A panel of industry professionals on the front lines of the entry-level job market discusses the current state of the insurance industry and provide insider insights into recruiting and strategies and tips to prepare yourself to stand out to potential employers.

Intercompany Long-term Care Insurance Experience Study WebcastSept 03, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

The SOA recently released its latest edition of the Intercompany Long-term Care Experience Study. This edition of the study collected data from 22 industry companies. While prior studies were generally similar to one another, a different approach to this study led to several changes. There are two key differences in the output from prior studies:

  • The recent study, provided for public use, aggregated experience databases for key morbidity components.
  • The recent study used predictive modeling to develop an experience table that fits the aggregated data.

This webcast will elaborate on both topics and provide additional guidance on how to use each set of tools.

Specific discussion topics regarding the development of the aggregated database will include:

  • Description of the data used for each of the studies;
  • Discussion on the manipulation required to ensure data was as consistent as possible across companies; and
  • How to interpret the databases.

  In addition, experts will discuss the experience tables. Topics on the experience tables will include:

  • The predictive modeling techniques used in the study;
  • A technical explanation of the key statistics used to validate the results;
  • Explanation of the advantages of predictive modeling over traditional techniques; and
  • Methods used to verify predictive modeling.
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V73 – PBR Overview – Statutory and TaxSept 01, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

PBR is in the adoption process by various states. Presenters at this session will provide an update on that process, an overview of the fundamental components of VM-20, as well as explore the implications of PBR on statutory valuation and considerations regarding tax reserving.

At the conclusion of the session, attendees will be able to understand the current status of PBR and its design, describe the effect on statutory valuation and explain the implications with regard to implementation and considerations regarding tax reserves.

V80 – Reinsurance Counterparty Risk ManagementSept 01, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

Reinsurance is an effective insurance risk transfer tool, but it does not relieve the insurers of their contractual obligations to policyholders. In the event of a reinsurance counterparty's insolvency, the insurance subsidiaries remain exposed to the counterparty's credit, operational, legal and liquidity risks. Experts at this session will discuss some of the techniques, including qualitative assessment and quantitative metrics, to access the credit worthiness of a counterparty on a forward-looking basis. They will also explain how to measure reinsurance counterparty exposure, as well as the importance of establishing a process for ongoing monitoring of reinsurance counterparty risk.

At the end of the session, attendees are able to understand the technique for due diligence on reinsurance counterparties and the importance of a robust ongoing process to monitor reinsurance counterparty risk.

V26 – Reviewing, Validating and Auditing Actuarial ModelsAug 31, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

Actuarial models are the root of much of the work that actuaries perform. They are an integral part of the pricing, risk assessment, valuation, asset-liability management and M&A processes. In depth auditing is often not possible due to time constraints so other methods must be found. What techniques are available for gaining comfort with the accuracy of the results? What are their shortcomings when compared to a comprehensive cell by cell audit? The panelists in this session will describe methods that they have used to gain the comfort with the model results.

At the conclusion of the session, attendees will be able to better understand the some of the review and validation methods in practice, gain insight into the advantages and disadvantages of using these techniques and evaluate if adoption would result in a more efficient modeling process for the enterprise.

V41 – What’s New in Reserve Financing for Life Insurance Products?Aug 31, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

An expert panel at this session will discuss: the present and future of life insurance reserve financing transactions and recent trends in the form of reserve financing alternatives. They'll also explore advantages and disadvantages of different forms of financing, the evolving regulatory and rating agency views of these transactions and the potential impact on financing transactions resulting from regulatory and rating agency developments.

At the conclusion of the session, attendees will be able to understand the variety of strategies that insurers are following for life reserve financing, and the evolving regulatory and rating agency views of these transactions.

Managing the Actuarial Function in a Small Insurance Company in the U.S. and Canada WebcastAug 26, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

The webcast will be interactive, discussing practical aspects of managing the actuarial function in a small company. Topics will include:

  • Strategies for managing with scare resources;
  • How to manage staff and reduce turnover;
  • How to work through staffing changes and succession planning; and
  • Best practices for small companies in using consulting actuaries.

 

Agent Based Modeling and Its Actuarial Applications WebcastAug 20, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

Competency: Technical Skills & Analytical Problem Solving

Complex systems science and agent-based modeling (ABM) find application in many areas to study dynamic complex systems. The bottom up modeling approach of ABM makes it possible to model system heterogeneity, capture individuals' behavior and their interactions, and study emergent behavior at the system level.

To the insurance industry, understanding past policyholder behavior and making assumptions about how current and future policyholders are likely to behave in the future are critical. Insurance professionals, actuaries in particular, have used a number of mathematical, statistical, financial, and economic theories to understand policyholder behavior and quantify future liabilities and risks. Assumptions about future policyholder behavior form a key aspect of insurers' pricing, reserving, and hedging strategies and policies.

This webcast will give an in-depth look at Agent Based Modeling and Its Actuarial Applications - what they are, why they are important for actuaries, when to use them, and how to get started to build.

The webcast consists of 2 parts: Part 1 by Dr. Xiaolin Hu and Part 2 by Louis Lombardi and Anand Rao.

Part 1 first introduce the fundamental concepts of complex systems science and ABM, and then use a concrete example of agent-based modeling and simulation of child maltreatment prevention to illustrate the utility of ABM. These finally lead to the principles and challenges of ABM as well its potential applications to actuarial industry.

Part 2 presents a unique agent based approach, called behavioral simulations, which combines individual decision rules and AI-based software agent modeling to model policyholder behavior. Advances in artificial intelligence allow us to simulate behavior at an individual level and then analyze the overall, aggregate outcomes. These models simulate the simultaneous operations and interactions of multiple individuals to recreate a system and predict complex phenomena. This process results in emergent behavior at the macro level based on micro level system interactions.

Earnings Emergence: Insurance Accounting Under Multiple Financial Reporting BasesAug 18, 2015$149 Member/ Non-MemberPurchase
The SOA's Financial Reporting Section with support from the Reinsurance Section and Committee on Life Insurance Research recently completed a research project comparing earnings emergence under multiple accounting bases, including the proposed IASB insurance accounting standard, US statutory, US GAAP, Canadian GAAP and Solvency II market consistent balance sheet. This webcast will focus on the results of the study. Utilizing illustrative examples for a term life insurance product and a deferred annuity product, participants of this webcast will gain a better understanding of these accounting bases, as well as the differences between them. 
China and Taiwan Professionalism Practice Webcast (in English)Aug 12, 2015$149 Member / Non-MemberPurchase

CPD: 1.50

This webcast will look at the type of professionalism required by actuaries practicing in the China and Taiwan regions. Seasoned speakers of the related region will review and discuss the professional actuarial practices, code of conducts and other ethical issues in China and Taiwan. To strengthen the learning outcomes of our audiences, the content will be elaborated by case studies. At the conclusion of the session, attendees will be able to gain an overview understanding on the professionalism issues and practices in related regions.

Selection of Mortality Assumptions for Retirement ProgramsAug 12, 2015$149 member/non-memberPurchase

The release of the RP-2014 base mortality tables and the MP-2014 mortality projection scale has resulted in a renewed interest and increased attention to mortality assumptions for retirement programs. Featuring experts from the SOA's Retirement Plans Experience Committee, this webcast will focus on a number of issues that pension actuaries should consider as they set mortality assumptions, including:

  • Selection of an appropriate set of base mortality rates
    • Understanding the covered population
    • Usefulness of mortality experience studies
    • General credibility issues
    • Dollar-weighted rates vis-à-vis headcount-weighted rates
  • Selection of an appropriate mortality projection scale
    • Quick review of the RPEC_2014 projection model
    • Scale MP-2014 assumption set
    • Alternate assumption sets
    • Demonstration of helpful software available on SOA website

This webcast recording is recommended to meet Enrolled Actuary continuing education requirements. While the sponsors of this program recommends this topic to satisfy 1.80 units 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.

Note-The recording available for purchase is intended for individual viewing. Only one EA credit certificate will be issued per recording purchase.

China and Taiwan Professionalism Practice Webcast (in Mandarin and Chinese)Aug 04, 2015$149 Member / Non-MemberPurchase

CPD: 1.50

(Simplified Chinese Description)

此网上视频的内容以研究、讨论及探讨中国及台湾精算行业职场上的专业道德规范为主。探讨内容包含实际应用和其他的专业议题,并使用案例研究来加强与会者的印象和理解。在视频结束时,与会者将能够对相关地区的专业道德问题和实践抱有更深入的了解和认知。

(Traditional Chinese Description)

此網上視頻的內容以研究、討論及探討中國及台灣精算行業職場上的專業道德規範為主。探討內容包含實際應用和其他的專業議題,並使用案例研究來加強與會者的印象和理解。在視頻結束時,與會者將能夠對相關地區的專業道德問題和實踐抱有更深入的了解和認知。

Life and Annuity Living Benefit Riders WebcastAug 04, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

Hear the latest results from the recent SOA comprehensive living benefits research project conducted by Milliman. Both life and annuity living benefit riders featuring medically related triggers will be covered, including their implications from both a direct writer and reinsurer perspective. A wide range of topics will be presented including sales, benefit features, compensation, underwriting and charge structure. Experts will also review claims experience, administration, reinsurance, reserves, target surplus, agent licensing/training and state filing. Results from a direct writer survey and from reinsurer interviews will be covered.

SOA Tech Tools – EconSML and Table Manager WebcastJuly 21, 2015$149 Member/ Non-MemberPurchase

CPD: 1.80

Did you know the SOA's website hosts several technology tools available to all actuaries? This webcast will cover the SOA's tools for working with mortality tables and economic scenario files. Although applicable for actuaries at firms of all sizes, these freely available tools will be of particular interest to smaller insurance companies on a limited budget.

  • The first tool covered in this webcast is Table Manager , which helps actuaries manage and work with databases of mortality and lapse tables, including any of the over 2,600 tables available at Mort.SOA.org . Table Manager includes an Excel add-in that allows retrieving individual table values directly from your database, eliminating the need to house entire tables in spreadsheets. The add-in also allows you to easily add your company's own custom tables to your database. This webcast will cover installing and using Table Manager and its Excel add-in.
  • The second tool covered is EconSML , a platform-neutral standard file format for sharing scenario files that was designed by actuaries to minimize the burden of preparing and formatting these often large files. This webcast will describe the data elements that make up the standard file format, how the format is used with the Academy's Interest Rate Generator hosted on the SOA's website, and how the format can generally be used to facilitate the sharing of scenario files. This section of the webcast will be prefaced by a brief introduction to the Academy's Interest Rate Generator .
China Risk Oriented Solvency System (C-ROSS) WebcastJuly 14, 2015$149 Member / Non-MemberPurchase

CPD 1.50

于今年二月,保监会发布了中国风险导向偿付能力体系("偿二代")的17项监管规则,并开始迈进入偿二代试运行过渡期。在过渡期内,保险公司应当分别按照现行偿付能力监管制度("偿一代")和偿二代标准编制两套偿付能力报告,以偿一代作为监管依据。保监会根据过渡期试运行情况,再行确定偿一代与偿二代的切换时间。为明确过渡期内偿二代试运行的要求。此网上视频的内容以解说相关的变更为题,邀请中国保监会的关凌先生为与会者详尽各项监管规则在过渡期内的适用要求和具体标准,包括寿险合同负债的折现率曲线、巨灾风险因子和计算模板、利率风险不利情景、压力测试的必测情景以及需要编报集团偿付能力报告的公司等。

ERM for Small & Medium-Sized CompaniesJuly 01, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

The webcast follows in the heels of a new text published by the SOA on Enterprise Risk Management (ERM) for small and medium sized enterprises (SMEs). The webcast will cover:

  • The importance of risk management for small businesses;
  • Reasons why small businesses do not adopt any formalized risk management principles or processes;
  • Similarities and differences between ERM for small businesses and large corporations;
  • Topics covered in new ERM text for SMEs;
  • How ERM for SMEs can be implemented on a large scale and importance of large corporations in making this happen; and
  • Case study on ERM for SMEs, The story of Gentle Giants Moving Company.
Rethinking and Reshaping UnderwritingJune 25, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

Competency: Technical Skills & Analytical Problem Solving

Presentation(s) : View Presentation

Many companies are attempting to balance enhancing the customer and agent experience with gathering enough information to effectively categorize the risk. At the same time companies are still trying to minimize anti-selection. From streamlined underwriting to full underwriting, companies want to eliminate wasteful, ineffective and invasive testing while still identifying and offering the lowest rates to preferred risks. During the webcast, actuaries who interact with underwriters can participate in a discussion of underwriting techniques that may be favorable or unfavorable to their business models.

Creating Better DC Plans WebcastJune 24, 2015$149 Member / Non-MemberPurchase

CPD credit - 1.80
EA credit - 1.80 Noncore
Competency - External Forces & Industry Knowledge

When defined contribution (DC) plans were first introduced, they were intended as a supplementary source of retirement income. Investment options were limited and many plan participants were still expecting to rely on a defined benefit pension. Now, DC plans have grown into the flagship retirement offering of most private-sector employers. Unfortunately, as these plans have matured over the years, one lesson has emerged: most participants can expect suboptimal results. As a precursor to more in depth sessions at the 2015 SOA Annual Meeting, this session will explore how defined contribution plans can be improved. Experts will discuss topics from generating retirement income and behavioral finance issues to current best practices and auto features.

This webcast recording is recommended to meet Enrolled Actuary continuing education requirements. While the sponsors of this program recommends this topic to satisfy 1.80 units Noncore Continuing Education credit for Enrolled Actuaries, the final decision as to meeting this requirement rests with the Joint Board for the Enrollment of Actuaries.

Note-The recording available for purchase is intended for individual viewing. Only one EA credit certificate will be issued per recording purchase.

Validation of Complex Models WebcastJune 23, 2015$149 Member / Non-MemberPurchase

CPD credit 1.80

This webcast is presented by the Joint Risk Management (CAS, CIA and SOA) and Modeling sections.

Models have been growing in complexity, power and significance to the financial and risk management of insurance enterprises. In this webcast, experts will review the reactions from external and internal stakeholders to the increased importance of models, as well as the reactions to the need to understand and manage the model risk that follows. Also, selected reference papers providing perspectives on model governance and model validation will be discussed.

Additionally, practical perspectives on the real life challenges of model validation will be provided by two experts:

First, a life actuary from a large international life insurance company will discuss his experience and the approach taken by his employer, which recently conducted a comprehensive inventory and validation of all critical financial models. His remarks will elaborate on the six parts of reviewing a model from his company's model validation framework.

Second, a casualty actuary experienced in the design, review and validation of loss distribution models will discuss how, until recently, there has been no large-scale testing of the many stochastic models developed for predicting the distribution of general insurance loss reserve outcomes. This presentation will describe one such large-scale test. In 2012, the presenter led the development of the CAS Loss Reserve Database and in this webinar will describe how he tested one of the leading stochastic loss reserve models on 200 loss development triangles. The tests will show that this model fails to predict the distribution of outcomes. He will then show some new models that correct the identified deficiencies. A complete description of these tests is in the presenter's recent monograph titled Stochastic Loss Reserving Using Bayesian MCMC Models.

V71 - Actuarial Issues in Digital HealthJune 16, 2015$149 Member / Non-MemberPurchase

CPD credit - 1.80
Competency - External Forces & Industry Knowledge

New types of care management programs are being designed in the digital health space. This session will cover examples of these programs and tools - how they are designed, what outcomes they drive, and how their effectiveness is evaluated.

V88 - Pandemic Modeling: Assessing Systemic RisksJune 16, 2015$149 Member / Non-MemberPurchase

CPD credit - 1.50
Competency - Results-Oriented Solutions

As the recent outbreak of Ebola heightened attention to the risk pandemics pose, continued threat of the global flu pandemic, SARS and the possible resurgence of both tuberculosis and polio, the need exists to further assess the full-spectrum of risks and how they affect public health systems. Health professionals, actuaries, legal experts and economists convene to discuss the following topics as they relate to pandemics and the public health system:

  • Modeling approaches for estimating risks and whether the models in place during the Ebola outbreak held up
  • Vaccinations as central to controlling outbreaks, and mapping vaccination needs on a global scale
  • Discussing the differences in modeling risk and public health needs in developing vs. developed countries
  • The intersection between public health and the economy, and where gaps exist creating systemic risk and vulnerabilities
  • The dichotomy between upholding civil liberties and maintaining public health
V27 - Specialty Pharmacy from Three PerspectivesJune 15, 2015$149 Member / Non-MemberPurchase

CPD credit - 1.80
Competency - Results-Oriented Solutions

Specialty pharmacy presents especially tough challenges in actuarial work. The number and cost of specialty drugs is burgeoning, while the number of diseases which have a specialty pharmaceutical as a major component of treatment is growing. The environment changes so rapidly that it can be hard for actuaries involved in pricing, forecasting, benefit design, reserving, contracting, medical policy, patient stratification and care management to make the adjustments and changes needed to keep up with the science. While the potential suite of therapies for treatment may be the same for patients in public and private plans, the realities of coverage and mechanics of payment are very different. This session will look at the specialty pharmaceutical universe through the three different perspectives: Medicare, Medicaid and commercial.

V30- New research in Behavioral Economics in Health CareJune 15, 2015$149 Member / Non-MemberPurchase

CPD credit - 1.80
Competency - Strategic Insight & Integration

In this session, the speakers will present and discuss some of the recent research in the realm of behavioral economics, as it relates to health actuaries.

ALM Considerations for Small CompaniesJune 10, 2015$149 Member / Non-MemberPurchase

In this webcast, experts will begin with an overview and definitions of ALM with an emphasis on practical applications for small companies.  They will then turn to the duration measure of liabilities, with a specific emphasis on liabilities with premium paying requirements, an area where ALM approaches have historically been under addressed.  From there, the webcast will address the asset side of ALM and practical approaches to communicating positions with the investment function to help achieve alignment of capital market risks impacting both assets and liabilities.  

Learning Outcomes:

  1. Receive an overview of practical ALM considerations and approaches for Small Companies. 
  2. Learn duration measurement approaches for liability products, including liabilities with premium paying requirements.
  3. Gain insights into communicating and aligning the asset liability capital market risks of the organization
Accelerated Underwriting - Are We There Yet?May 07, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

Interest in multi-class accelerated-issue life insurance products has been driven by increased research in predictive modeling and efforts to offer technology-enabled rapid-issue life insurance in smaller face amounts. Now, many companies are looking to expand these concepts to higher face amounts, replacing fluids with data. Unfortunately, it is unlike a drive in a car. Pressing your foot harder on the accelerator will not get companies there faster-though there is a risk that some will crash.

 

During this webcast, experts will examine the current environment for accelerated-issue life insurance, the state of the market and what appear to be the next logical steps. They will also address how life reinsurers are supporting client companies' efforts. Bottom line: the products offered to the consumer must be simple to understand for both the customer and producer. However, this likely means much more complexity in product design and marketing for the (re)insurer.

 

V69 - Sharpening the Pricing PencilMay 05, 2015$149 Member / Non-MemberPurchase

CPD credit - 1.50
Competency - Technical Skills & Analytical Problem Solving

Ever wonder why reality differs from pricing? Modeling limitations, actual vs. expected assumption differences, as well as a host of pricing nuances and naiveties can complicate the accuracy of life insurance and annuity product pricing. At this primer session for the post-symposium seminar of the same name, our expert panel will share insights on how to identify for pitfalls and close the gap between pricing and reality.

At the conclusion of the session, attendees will have a better understanding for life insurance and annuity products pricing and modeling limitations. They will also learn how to account for impactful nuances to help improve the pricing of your products.

V79 - Regulatory UpdateMay 05, 2015$149 Member / Non-MemberPurchase

CPD credit - 1.50
Competency - External Forces & Industry Knowledge

Numerous changes are occurring in the regulatory world that can impact life insurance and annuity product development. This session will cover topics such as Actuarial Guideline 48, principle-based reserves, and the 2014 VBT.

At the conclusion of this session, attendees will have a better understanding of the current regulatory environment and the implications the current conditions have on life insurance and annuity product development.

V21 - Annuity Hot TopicsMay 04, 2015$149 Member / Non-MemberPurchase

CPD credit - 1.50
Competency - Strategic Insight & Integration

This session will focus on some of the emerging annuity product development trends in the industry. Recent developments in variable, fixed deferred, fixed indexed, income, structured, contingent and outcome-oriented annuity products will be explored.

At the conclusion of this session, participants should be able to understand the current marketplace opportunities and challenges associated with the hottest product initiatives in the annuity industry.

V30 - UL Product UpdateMay 04, 2015$149 Member / Non-MemberPurchase

CPD credit - 1.50
Competency - External Forces & Industry Knowledge

2014 saw whole life premium draw even with UL premium for the first time in many years. With traditional fixed UL declining, the IUL market maturing, VUL trying to claw its way back, and ULSG undergoing ever-changing regulation, flexible premium products reside in an ever-changing world. In this session, presenters will delve into each product type to provide the latest details on them.

At the conclusion of this session, attendees will be able to understand the current market for all flexible premium life products. In addition, the latest details regarding UL, ULSG, VUL, and IUL will be discussed.

Medicaid ASOP WebcastApr 23, 2015$149 Member / Non-MemberPurchase

The Actuarial Standards Board (ASB) will be releasing the Actuarial Standard of Practice: Medicaid Managed-Care Capitation Rate Development and Certification this spring.  This webcast will review the provisions and intent of the new ASOP. Experts will discuss the implications to actuaries creating or accepting rates for Managed Medicaid plans.

 

Note-The recording available for purchase is intended for individual viewing.

 

Pension Derisking or Risk-Shifting? Perspectives of Different Stakeholders WebcastApr 22, 2015$149 Member / Non-MemberPurchase

CPD: 1.80  E/A:1.80 Noncore

Since 2012, pension risk transfer, whether through a lump sum window, group annuity purchase, or full plan termination, has been a topic on nearly every plan sponsors mind.  In this webcast, we dive deep into the two sides impacted by a pension risk transfer, the plan sponsor and the plan participant.  For the plan sponsor, we will discuss how pension risk transfers are evaluated, managed, and implemented as well as important considerations impacting the sponsor.  For the plan participant, we will review how these plan events impact participant's retirement benefits and how best to approach pension risk transfer with participant needs in mind.  Webcast attendees should leave with a fuller understanding of all the considerations that go into a pension risk transfer decision.

If applicable:

This webcast recording is recommended to meet Enrolled Actuary continuing education requirements. While the sponsors of this program recommends this topic to satisfy 1.80 units Noncore Continuing Education credit for Enrolled Actuaries, the final decision as to meeting this requirement rests with the Joint Board for the Enrollment of Actuaries.

 

Note-The recording available for purchase is intended for individual viewing. Only one EA credit certificate will be issued per recording purchase.

 

Dental Pricing Issues for Non-Traditional ProductsApr 21, 2015$149 Member / Non-MemberPurchase

CPD: 1.80

This webcast is presented by the Health Section.

 

As dental insurance spreads beyond commercial group populations, actuaries must cope with new markets, products, risk profiles and a scarcity of data resources. Experts will review some of the emerging markets, such as individual, Medicare Advantage and Medicaid. Learn the pricing challenges associated with each of these emerging markets.

 

Note-The recording available for purchase is intended for individual viewing.

 

Orsa Insights: Requirements, Activities, Expectations and ChallengesApr 01, 2015$149 Member / Non-MemberPurchase

CPD: 1.50

 

Description: In this webcast, we will begin with an overview of the evolution of ORSA, the current U.S. ORSA regulations and requirements and hints on how regulators may approach integrating ORSA into their surveillance process.  We will then describe the contents expected in each ORSA section. We will present case studies of typical disclosures used to satisfy Section 1: Description of ERM Framework . We will then discuss various options for risk measures typically used in preparation of Section 2: Risk Assessment . This will be followed by a review of common risk capital standards and stress tests for use in satisfying Section 3: Risk Capital and Prospective Solvency . We will conclude with highlights of some of the more challenging aspects of ORSA and suggestions on overcoming them.

 

Candidate Connect - The Essentials of an Actuarial Career: Preparing Yourself for Future Success WebcastMar 26, 2015Free

Presentation(s) : View Presentation |   View Video

This webcast was designed for aspiring actuaries to find out what knowledge, skills and abilities are needed to have the competitive edge to start an actuarial career. A panel of actuaries who have recently attained the Fellow of the Society of Actuaries (FSA) designation will discuss their journeys to FSA, life as an actuary, opportunities in the industry and offer their advice. The webcast also takes a close look at the education pathway to the SOA designations and credentials as well as the latest exam preparation resources.

 

Communicating to Your Company's Sales Marketing Team and Agents Mar 25, 2015$149 Member / Non-MemberPurchase

CPD credit - 1.80
Competency - Communication

Actuaries play an important role in communicating company strategies (products, product features, customer targets, compensation structures, etc.) to marketing departments or directly to distribution. Explaining concepts in such a way that the distribution audience fully understands can be critical to the company's success. Additionally, listening for feedback and being able to adjust your strategy or communication method can be just as important. Presenters will describe their approaches to communicating technical topics and lessons learned from their experiences.

At the conclusion of the session, attendees will be able to identify approaches that may be useful in their communications to non-technical audiences and describe approaches used to communicate to marketing and distribution teams.

Using Scenarios as Business Stress TestsMar 24, 2015$149 Member / Non-MemberPurchase

CPD: 1.50

 

Description: Presented by the CAS, CIA, SOA Joint Risk Management Section, this webcast will focus on stress testing as a tool to ensure financial stability and the role that scenarios can play. We will use the research performed at the Centre for Risk Studies at the University of Cambridge to understand how plausible extreme scenarios can be constructed and their effects can be quantified. We'll then look at one scenario in some detail: how a single cyber hacker could cause a disaster directly affecting a large proportion of the global corporate world with a noticeable macro-economic effect. We'll explore the possible impacts on corporate operations, as well as on investment performance.

 

Finally, we'll look at how scenarios can be used to investigate aggregation across a wide range of risks from cyber and financial risks to natural catastrophes and social unrest, as well as other conflicts. 

 

Actuarial Standards of Practice No. 1: Its Importance to Smaller Insurance Company ActuariesMar 18, 2015$149 Member / Non-memberPurchase

CPD: 1.80

Smaller insurance company actuaries and consultants for small insurance companies face some challenges that are different than those faced by other actuaries. Included in these challenges are resource constraints and playing many roles within the company, such as simultaneously being pricing actuary, illustration actuary and valuation actuary. Thomas Snook presents the reason for the Actuarial Standards of Practice (ASOP) and why ASOP No. 1 is a friend, especially to smaller insurance company actuaries.

Please note that there is no handout (nor slides) for this webcast - only audio.

How to Compute Social Security Retirement BenefitsMar 17, 2015$149 Member / Non - MemberPurchase

CPD: 1.80

The vast majority of people working in the United States earn and eventually receive Social Security retirement benefits. Those benefits are computed according to formulas that are specified by law and widely published. The formulas are complex enough that few people, even among actuaries, understand them fully. This webcast presents an overview of factors that affect a given worker's Social Security retirement benefits and explains in detail how they are computed. Participating in this webcast will be of value to actuaries from a number of perspectives. The webcast will be particularly vital to actuaries involved in designing products (e.g. annuities) or retirement programs combined with Social Security benefits to create comprehensive retirement income strategies.

 

Medicaid 101Mar 12, 2015$149 Member / Non-MemberPurchase

CPD credit - 1.80

Competency - External Forces & Industry Knowledge

Medicaid is different from other health insurance in so many ways. It also varies from state to state and sometimes even within a state. As the Affordable Care Act brings Medicaid closer to the commercial world and as more states change from fee-for-service to managed Medicaid, there is more interest in understanding the basics of Medicaid.

This session will introduce the audience to the population, how it is funded, what benefits are covered and challenges facing providers and payers in this market. Reasons why managing care for many Medicaid beneficiaries is stubbornly difficult and sometimes requires extraordinary measures will also be given.

Note - The recording available for purchase is intended for individual viewing.

Coaching for Actuaries: Is it the Right Model for You?Mar 11, 2015$149 Member / Non-MemberPurchase

Coaching has helped people in various walks of life progress towards their goals. This webcast will explore coaching's applicability for the actuarial professional. It will describe the coaching model in full and look at the effort invested into the relationship between coach and client, as well as the results a coaching client can expect to achieve. Since the effectiveness of a coaching relationship is highly dependent on the engagement of the individual being coached, only you can determine if it is right for you at this time in your career. Participants in this webcast will be provided with information and real-life case studies to help make that self-assessment.

 

ACA Pricing Mechanics: Individual and Small Group Rating WebcastFeb 26, 2015$149 Member and Non-MemberPurchase

CPD: 1.80

The changes required by Affordable Care Act (ACA) have required updates in the ways actuaries have to price, specifically in the Individual and small group market. We will consider what we did previously and what we should do now. New approaches and tools are needed to price for policies to be effective in 2016. Pricing will need to consider risk adjustment, guaranteed issue, risk selection and limitations on factors allowed in pricing. Rate filing requirements are very different as well.

Note-The recording available for purchase is intended for individual viewing.

Managing the Intersection of Long-Term Care and Retirement SecurityFeb 18, 2015$149 Member / Non-memberPurchase

CPD: 1.80
EA: 1.80 Noncore

Long-term care (LTC) expenses can be devastating to the retirement income and lifetime financial security plans of households, as well as their family caregivers. Households manage this risk with a variety of approaches, but few have sought financial protection other than Medicaid. This webcast will present an overview of the recently published SOA Monograph . It is based on a call for papers issued by the SOA's Committee on Post Retirement Needs and Risks in partnership with the Long Term Care Section. The monograph papers explore the impact of long-term care needs and expense on retirement security from a variety of aspects.

This webcast recording is recommended to meet Enrolled Actuary continuing education requirements. While the sponsors of this program recommends this topic to satisfy 1.80 units Noncore Continuing Education credit for Enrolled Actuaries, the final decision as to meeting this requirement rests with the Joint Board for the Enrollment of Actuaries.

Note-The recording available for purchase is intended for individual viewing. Only one EA credit certificate will be issued per recording purchase.

The Actuary's Role in Finance TransformationDec 15, 2014$149 Member / Non-MemberPurchase

CPD: 1.50
An increasing number of insurance companies are undertaking finance transformations as regulations and business requirements put greater demand on providing timely and accurate financial information under a variety of conditions.  Attend this webcast to learn about the actuary's role in these large projects, the data and technology issues at their core and the part model governance plays in a successful outcome.

 

Best Practice for Health Actuaries WebcastDec 11, 2014$149 Member / Non-MemberPurchase
Health insurance is one of the fastest growing markets in Asia. Presented by the Society of Actuaries and Health Section, the Best Practices for Health Actuaries webcast will focus on the Asian market and will include product design, pricing, risk management and trend estimation. In this webcast, seasoned health actuaries will discuss the best practices for building and maintaining a sustainable health product line, including both critical illness and medical lines.
Future of Medicare WebcastDec 10, 2014$149 Member / Non-MemberPurchase

CPD credit - 1.50

Competencies - External Forces & Industry Knowledge;  Strategic Insight & Integration

Medicare Advantage and Part D carriers have recently faced pressures to increase quality in light of payment reductions. In this webcast, experts will explore impacts to product offerings, provider contracting, quality and CMS revenues resulting from recent changes in regulations, payment reform and baby boomer entrants. The presenters will discuss the recent trends, as well as longer term effects.

The presenters will discuss whether $0 member premiums and supplemental benefits will become extinct, if reimbursement will be tied even more to quality and what to expect in future benchmark changes.

 

Considerations for Year-End 2014Dec 09, 2014$149 Member / Non-MemberPurchase

CPD 1.80

The Smaller Insurance Company and Financial Reporting sections are delighted to present this annual webcast. Our goal is to point out things you should keep in mind as you prepare to do year-end financial reporting.  Topics covered this year include:

 

 

 

·        Hot topics in asset adequacy analysis;

 

·        The Rector Report and practical experience in applying VM-20; and

 

·        Appointed actuary report to the board of directors on the actuarial opinion.

 


Other topics may be added to the webcast as issues become pertinent to 2014 year-end.

 

SOA Post-Level Term StudyDec 05, 2014$149 Member / Non-MemberPurchase

CPD: 1.80

Post-level term experience continues to be a popular discussion item among life insurance actuaries.  During this webcast, the presenters will share the results of two recently published reports by RGA and the Society of Actuaries: Report on the Lapse and Mortality Experience of Post-Level Premium Period Term Plans (2014) and Report on the Survey of Post-Level Premium Period Lapse and Mortality Assumptions for Level Premium Term Plans (2013) . These reports show the impact of policyholder behavior on post-level term experience and provide information about product designs, pricing assumptions and strategies for managing this experience.

 

Measuring Volatility in LTC InsuranceDec 04, 2014$149 Member / Non-MemberPurchase

CPD: 1.80

After an initial discussion of volatility, this webcast will focus on volatility in the long-term care (LTC) insurance product assumptions and how to differentiate between poor experience due to the inherent volatility in the underlying LTC insurance business and poor experience due to incorrect assumptions. It will also discuss a way to stochastically measure the impact on projected experience due to the "best estimate" assumptions being wrong and what the resulting probability of "failure" is for the block of business.

 

How can the inherent riskiness of different product designs be measured and compared? How can the riskiness of specific products be reflected in pricing margins, reserves, capital requirements and rate increase triggers? How can innovative LTC insurance policies be designed with risk-reward profiles that companies will want, while providing the insurance protection that individuals need?

 

Professionalism in Pricing: Life/LTC Combination Products WebcastDec 03, 2014$149 Member / Non-MemberPurchase

Developing a new product is a complex process made more difficult when there is limited experience to use for setting assumptions, untested product designs, limited product-specific guidance in practice notes and standards of practice, as well as deadlines that become closer each day.

 

 

 

Listen in on conversations between four fictional actuaries involved in the development a new Life/LTC combination product. Do they make the right decisions? Are they acting with integrity and competence in a manner that fulfills the profession's responsibility to the public and upholds the reputation of the actuarial profession?

 

Workforce Management Issues Related to Retirement and Health Benefit PlansNov 18, 2014$149 Member / Non-MemberPurchase

CPD: 1.80
EA: 1.80 Noncore

The pervasive shift from defined-benefit to defined-contribution retirement plans has been largely finance-driven, dominated by considerations of cost and risk. Unfortunately, too many organizations failed to even consider, let alone systematically model, the likely workforce impact of changing their retirement program designs in a way that directly influences employee decisions about when to retire. And they are paying a steep price for this neglect-the loss of direct influence over employees' retirement decisions limits management's ability to efficiently adapt their organization's workforce to meet future business requirements.

This presentation will show how modern workforce analytics can be used to empirically assess the likely workforce impact of changing retirement designs. Tapping the running record of workforce data housed in the human resource information system and related systems, organizations can apply predictive modeling methods to identify and quantify the risks associated with retirement plan changes, such as slowing the velocity of talent movement or creating career choke points.

At the conclusion of the session, attendees will understand the issues and interactions between workforce management and employee benefits.

This webcast recording is recommended to meet Enrolled Actuary continuing education requirements. While the sponsors of this program recommends this topic to satisfy 1.80 units Noncore Continuing Education credit for Enrolled Actuaries, the final decision as to meeting this requirement rests with the Joint Board for the Enrollment of Actuaries.

Note-The recording available for purchase is intended for individual viewing. Only one EA credit certificate will be issued per recording purchase.

Life Insurance M&ANov 11, 2014$149 Member/non-memberPurchase

CPD 1.80

In this webcast, a panel of experts will provide an overview of the North American life and annuity mergers and acquisitions (M&A) market. The panelists will discuss the M&A process from a non-actuarial and an actuarial viewpoint, professional considerations and valuation topics relevant to life actuaries.

Review of Final RP-2014 and Scale MP-2014 Reports: What’s Changed, What’s the Same, and WhyNov 07, 2014FreeView

Presentation(s):  View Presentation  |   View Video

The SOA has just released the final reports of its latest study of pension plan mortality: the RP-2014 Mortality Tables Report and the Mortality Improvement Scale MP-2014 Report. Drafts of these reports were exposed to the pension community for comment from February 1, 2014 to May 31, 2014. After an in-depth review of the comments and process followed in creating these reports, the final reports were approved for release by the SOA Board on October 26, 2014.

In this webcast, two members the SOA's Retirement Plans Experience Committee will provide an in-depth review of the final reports, including the key changes that have been incorporated to the reports in response to the comments that the SOA received during the reports' exposure period.

Please note that EA credit is not available for this webcast recording.

V116 - If We Knew Then What We Know Now: ACA Enrollment!Oct 28, 2014$149 member & non-memberPurchase

CPD: 1.50

When premiums were set for the qualified health plans (QHPs) in 2014, pricing actuaries were using the best information they had at the time. However, the demographics and morbidity of the membership enrolling may not line up with the pricing assumptions. In this session, presenters will examine the differences between the actual and the expected membership, the reasons behind the shift, and the risks it is bringing to issuers.

At the conclusion of the session, attendees will be able to:

  • Describe differences between the expected and actual enrollment
  • Identify reasons why QHP membership is not as expected
  • Explain what the potential outcomes of the shift in membership will have on issuers.
V133 - Tail Risk HedgingOct 28, 2014$149 member & non-memberPurchase

CPD: 1.50

In the past few decades investors have had to deal with many so-called “black swan events” that should only occur once in a lifetime. This has prompted investors to find ways protect their portfolio against these outlier occurrences. The current bull market and its low volatility may lead some investors to believe that tail risk has gone away. The presenters will describe what tail risk is and how to protect a portfolio against it.

At the conclusion of the session, attendees will be able to discuss tail risk embedded in various portfolios and apply appropriate hedging strategies.

V26 - Mortality Projection From a Social Security PerspectiveOct 27, 2014$149 member & non-memberPurchase

CPD: 1.50
EA: 1.50 Noncore

Mortality is a fundamental element in the financial projections of the finances of social security programs around the world. Prominent actuaries from the U.S. Social Security Administration, Canada's Office of the Superintendent of Financial Institutions and the U.K. Government Actuary's Department will discuss some of the key factors and issues associated with these projections. Improving mortality has and will have a significant effect on the affordability and importance of income through retirement to many population segments in these countries. The methods used for projecting mortality improvement have implications for the work of actuaries designing products and plans in the private sector.

After this session, attendees should be able to understand approaches being used to project mortality in different social security systems and compare and contrast approaches used between countries.

This webcast recording is recommended to meet Enrolled Actuary continuing education requirements. While the sponsors of this program recommends this topic to satisfy 1.50 units NonCore Continuing Education credit for Enrolled Actuaries, the final decision as to meeting this requirement rests with the Joint Board for the Enrollment of Actuaries.

Note–The recording available for purchase is intended for individual viewing. Only one EA credit certificate will be issued per recording purchase.

V42 - Indexed Universal Life Deep DiveOct 27, 2014$149 member & non-memberPurchase

CPD: 1.50

Indexed universal life (IUL) products have experienced significant sales growth, with additional carriers entering the market. This session will review the growth and role of IUL products in the life insurance market, including the influence of economic and regulatory environments on product design. Industry experts will do a deep dive into topics including, but not limited to: valuation (under both U.S. GAAP and statutory requirements), risk management techniques for IUL products, and recent product development trends.

At the conclusion of the session, attendees will be able to:

  • Recognize key product attributes and the customer value proposition
  • Identify key considerations in the development of IUL products
  • Understand product trends and industry practices
  • Apply valuation guidance.
V52 - Hot Topics in Asset Adequacy AnalysisOct 27, 2014$149 member & non-memberPurchase

CPD: 1.50

In 2013 the American Academy of Actuaries initiated the effort to update the Asset Adequacy Practice Note last revised in 2004. This session will provide an overview of the revised note and highlight key areas where actuarial practice has changed over the decade. In addition, presenters will discuss other new asset adequacy analysis issues.

At the conclusion of the session, attendees will be able to understand the revisions to the practice note and determine key areas that may impact their approach in 2014 and 2015.

Canadian Pharmacy Trends and Strategies to Control CostsOct 23, 2014$149 Members / Non-MembersPurchase

CPD credit = 1.8

 

Competency = Technical

 

 

For most benefit plan sponsors, controlling prescription drug costs has been, and will continue to be, one of their biggest challenges. New and more expensive treatments and increased usage are responsible for a significant increase in drug costs for most sponsors, leaving them searching for answers.

 


Join us in this two-part webcast, co-sponsored by the CIA, where David Willows from Green Shield Canada will present their annual review of Canadian pharmacy trends, "Oh What a Life…On Drugs," which covers inflation, generic penetration and adherence rates. He will also present an overview of Green Shield Canada's recently completed hypertension management study.

 

2014 PBR: Help WantedOct 15, 2014$149 Menber / Non-memberPurchase

Presented by the Society of Actuaries Smaller Insurance Company and Financial Reporting sections, the PBR: Help Wanted! webcast is intended to help actuaries planning VM-20 implementations for products with simple risk profiles. As PBR looms on the horizon, two things seem certain--models will be needed and documentation will be required. The webcast's two main topics are:

 

1)    For companies with low risk product profiles, what is the "minimal" path? What is the minimum documentation and how can you modify your existing Actuarial Opinion Memorandum Report? and

 

2)    How to use asset adequacy models for both asset adequacy and the VM-20 exclusion tests.

Also, we will briefly cover a few updates: proposals and changes and the latest status on adoption by the states

Joint CCA/SOA Webcast: Pension Funding PracticesOct 08, 2014FreeView

A Discussion and Comparison of the Report of the Blue Ribbon Panel on Public Pension Plan Funding and the CCA Public Plans Community white paper, Actuarial Funding Policies and Practices for Public Pension

Presentation(s):    View Presentation |    View Video

The Society of Actuaries commissioned a multidisciplinary blue ribbon panel to consider underfunding in public pension plans and make recommendations as to how governments can more securely fund plans going forward and improve plan management. This resulted in the Report of the Blue Ribbon Panel on Public Pension Plan Funding published in February 2014.

Additionally, the Public Plan Community of the Conference of Consulting Actuaries published the white paper Model Funding Policies for Public Plans . The paper seeks to provide a framework for actuaries and retirement boards to consider in setting funding policy. It focuses on the elements and choices that need to be made when following the principles of the level cost actuarial model for public pension funding.

In this webcast, Bob Stein and Alan Milligan discuss the respective reports, where the reports agree and where there are differences in conclusions. In addition, they discuss the solutions that each paper presents to the public and how their conclusions might inform future practice.

Please note that EA credit is not available for this webcast recording.

An Insiders View on Channel ExpansionOct 07, 2014$149 Member & Non-memberPurchase

CPD: 1.50

As the industry strives to better understand changing consumer preferences, it must also understand the impact these changes are having on distribution. In this informative webcast, we will explore the emerging trends in distribution from the latest LIMRA research, and share our thoughts on what companies must do to partner and support distribution expansion for success in today's changing environment.

 

Fiduciary Issues for Retirement PlansOct 02, 2014$149 Member / non-memberPurchase

CPD: 1.80
EA: 1.80 Core

The stakes continue to grow for Employee Retirement Income Security Act of 1974 (ERISA) fiduciaries. The Department of Labor (DOL) has increased its focus on ERISA fiduciaries ensuring that they understand, appreciate and are prepared to handle the unique responsibilities they have in overseeing employee benefit plans. Lawsuits stemming from alleged fiduciary breeches continue and new issues emerge as laws change, new regulations are issued and the economic climate remains unstable. Sound benefit plan governance is crucial to ensure that plan fiduciaries avoid allegations that they have failed at their duties.

During this webcast, experts knowledgeable on the issues surrounding ERISA fiduciary responsibility will provide an overview of the key ERISA fiduciary roles and responsibilities to help retirement plan consultants understand the issues challenging their clients in this critically important area of plan governance. Understanding the differences between fiduciary, settlor and ministerial functions and how to help clients navigate their roles as fiduciary and/or settlor will increase the value of an advisor to their clients' benefit plans. It is also important to understand the risks associated with inadvertently becoming a plan fiduciary and how to avoid that potentially costly mistake.

Finally, the presenters will take a look at some of the fiduciary issues surrounding the recent increase in pension de-risking transactions for plan sponsors, fiduciaries and their advisors and provide practical tips on how to successfully manage the fiduciary risks involved in these activities.

This webcast recording is recommended to meet Enrolled Actuary continuing education requirements. While the sponsors of this program recommends this topic to satisfy 1.80 units 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.

Note-The recording available for purchase is intended for individual viewing. Only one EA credit certificate will be issued per recording purchase.

Long-Term Care Risk Management: Re-pricing In-force PoliciesOct 01, 2014$149 Member / non-memberPurchase

CPD: 1.80
 

Due to the complex and lengthy nature of long-term care (LTC) products, carriers have found it necessary to make modifications to in-force pricing. Speakers at this webcast will address the history of LTC rate increases and identify approaches that have been successful. They will also explore rate increase strategies that provide consumers with more options which allow insurers to better manage their LTC business.

 

Genetic Algorithms What they are-How to apply them to solve problems and how to create your own webcastSept 23, 2014$149 Member and Non-MemberPurchase

CPD: 1.80

Genetic algorithms are being used in many scientific professions to solve problems too difficult to solve with standard deterministic techniques. A genetic algorithm is an inductive, rather than deductive approach that learns as it goes along.

This webcast's presenters will provide an in-depth look at genetic algorithms--what they are, why they are important for actuaries, when to use them and how to create them. 

It starts with the origin of genetic algorithms and their relation to genetics. Next, it shows a couple of applications that teach the basic principles. Then, it shows an actuarial application where the genetic algorithm approach gives a higher degree of optimization than that achieved by more traditional techniques. 

Finally, it provides a set of guidelines for when and how to utilize them. 

At the conclusion of the session, attendees will be able to: 

  • Apply simple genetic algorithms to real-world problems; 
  • Determine if a problem is suitable for the application of a genetic algorithm; 
  • Develop further applications of genetic algorithms based on their own experiments and research; and 
  • Explain genetic algorithms at a basic level to their colleagues. 

Attendees will be able to download the samples shown, and use the genetic algorithm tools directly or modify them for their own special purposes.

Communicating Results EffectivelySept 19, 2014$149 Member and Non-MemberPurchase

CPD: 1.50

The Actuary of Future section is sponsoring a series of skills development webcasts in 2014 to groom young actuaries for immediate and long-term success. After the first two webcast on "Building Professional Image" and "Problem Solving & Excel Best Practice", you will now learn some useful tips on how to communicate results effectively. In this webcast, you will hear from our two speakers, Rui Zhang and Barbara Abbott, sharing their experience and advices on presentation skills, whether it is giving a speech to a large audience, explaining results to your team members, or presenting to a non-actuarial audience.

 

Managing Financial Products in a Low Interest Rate EnvironmentSept 17, 2014$149 member / nonmemberPurchase

CPD: 1.8

This webcast is intended to help practitioners consider low interest rate scenarios, determine if they are plausible and the underlying conditions that could lead to them. This is a topic that appointed actuaries consider every year as part of their actuarial opinion, but modeling challenges and perceptions have relegated deflationary scenarios to the back burner. An SOA research project took a fresh look at this important asset-liability management topic.

 

ORSA in CanadaSept 10, 2014$149 member & non-memberPurchase

CPD: 1.80

In November 2013, the Office of the Superintendent of Financial Institutions (OSFI) issued guideline E-19, Own Risk and Solvency Assessment (ORSA), effective Jan. 1, 2014. The guideline requires insurance companies and branches to perform ORSA regularly and to report at least annually to their board of directors. ORSA serves as the engine for embedding risk and solvency management into the decision-making activities of the company.

The fast release of the guideline stresses the importance given by OSFI in enhancing a risk and solvency management culture within the insurance industry. Although OSFI has endeavored to take a practical view on the implementation of ORSA, it has still proven to be a challenging exercise. This webcast's presenters will discuss the challenges faced by the industry, the various approaches to ORSA capital quantification being taken, gaps generally seen in the industry in meeting the guideline, and implementation goals from the perspective of practitioners and consultants, and OSFI's expectations with regard to the ORSA implementation in 2014 and forward.

 

IRS Directive on Tax Accounting for Variable Annuity HedgesSept 04, 2014$149 Member and Non-MemberPurchase

CPD: 1.80

In a long-awaited Large Business & International (LB&I) Directive (LB&I-04-0514-0050) the IRS provides a safe harbor method for insurance companies to account for hedges of variable annuity (VA) guaranteed minimum benefits (GMxB). The directive states that LB&I examiners are not to challenge taxpayers' treatment of VA hedge gains and losses allocable to GMxB contracts issued prior to December 31, 2009. During this webcast, the presenters will provide an overview of tax hedge accounting rules, VA hedging, the safe harbor defined in the directive and the possible implications of the directive on other hedges. The presenters will also discuss implementation issues and what the directive means for VA writers and risk managers.