V22 - ACA Transitional Solvency Risks

Date

June 15, 2016

  • External Forces & Industry Knowledge

Presented by

Health Section

Description

The panel will focus on transition risks and the significant impact on financial reporting and surplus monitoring as companies and regulators learn to cope with implementation of the Affordable Care Act. Transition risks include estimating the impact of adverse selection, obtaining adequate pricing, and the effectiveness of premium stabilization programs (the 3-Rs), among others.

At the conclusion of the session, attendees will be able to understand the implications of the changes to the 3R programs on financial reporting and pricing.

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Legend

Communication

Demonstrating the listening, writing and speaking skills required to effectively address diverse technical and nontechnical audiences in both formal and informal settings.

Professional Values

Adhering to standards of professional conduct and practice where all business interactions are based on a foundation of integrity, honesty and impartiality.

External Forces & Industry Knowledge

Identifying and incorporating the implications of economic, social, regulatory, geo-political and business changes into the design and delivery of actuarial solutions.

Leadership

Initiating, innovating, inspiring, creating or otherwise acting to influence others regardless of level or role toward a common goal.

Relationship Management & Interpersonal Collaboration

Creating mutually beneficial relationships and work processes toward a common goal.

Technical Skills & Analytical Problem Solving

Applying the actuarial knowledge, skills and judgment required to provide value-added services.

Strategic Insight & Integration

Anticipating trends and strategically aligning actuarial practice with broader organizational business goals.

Results-Oriented Solutions

Providing effective problem solving that addresses relevant interests and needs.