Announcement: SOA releases June 2019 Exam STAM passing candidate numbers and congratulates the new FSAs for August 2019.

Agenda Day 2

Tuesday, November 15
7:30 a.m. – 8:30 a.m.
8:30 a.m. – 10:00 a.m.

Presentation(s): View Ken Lombardo's Presentation View Aaron Sarfatti's Presentation

Presenter(s): Ken Lombardo, Willis Tower Watson; Aaron Sarfatti, Oliver Wyman

Predictive analytics is now rampantly used to model behavior/patterns in the presence of large data by banks, insurance companies and high tech companies to better understand consumer/agent behavior, business retention, and more. The speakers of this session will discuss the use of predictive analytics (models and techniques) in the life insurance business and how these can be adapted to better understand the intricacies of equity-based guarantee business (e.g. VAs, FIAs, IULs).

Session Coordinator(s)

Facilitator(s)

10:00 a.m. – 10:30 a.m.
10:30 a.m. – 11:15 a.m.

Presentation(s): View Presentation

Presenter(s): Alex Zeng, Lincoln Financial

The speaker will discuss certain dependencies and issues related to many volatility controlled strategies, the misalignment between strategy performance and investor expectations, as well as how a new thought process and alternative signals could be used to enhance alpha for volatility controlled strategies to further widen their competitive edge in the marketplace.

Session Coordinator(s)

Facilitator(s)

11:15 a.m. – 12:00 p.m.

Presentation(s): View Presentation

Presenter(s): Chris Onken, Milliman

Most Volatility Managed Funds have seen poor performance in the V-shaped markets that have occurred over the past three years. This session's presenter will show alternatives and adjustments being considered in the industry to make performance more intuitive during a broad range of market events. Strengths and weaknesses of managed risk strategies for different market participants will also be discussed

Session Coordinator(s)

Facilitator(s)

12:00 p.m. – 1:30 p.m.
1:30 p.m. – 2:30 p.m.

Presentation(s): View Presentation

Presenter(s): Peter Philips, AON Benfield

This talk is about the application of artificial neural network (ANN) in nested stochastic simulations. ANNs are used to model complicated decision making processes. Originated in the field of artificial intelligence, ANNs are now widely used for image recognition, voice recognition, and deep learning among other applications. In the context of nested stochastic simulations, ANN has many advantages over Least-Squares Monte Carlo (LSMC) simulations. When combined with GPUs, we have found that ANNs outperform LSMC in terms of accuracy and speed.

Session Coordinator(s)

Facilitator(s)

2:30 p.m. – 3:30 p.m.

Presentation(s): View Presentation

Presenter(s): Ari Lindner, Munich Re

The speaker of this session will talk about his experience in managing risks associated with these products in particular touching on subtleties of hedging interest rates, customer behavior considerations, and how the decade and practice has evolved from a hedger's perspective.

Session Coordinator(s)

Facilitator(s)

3:30 p.m. – 3:30 p.m.