VM-20 Prudent Estimate Mortality Webcast

Date

September 28, 2016

  • External Forces & Industry Knowledge

Registration is now closed. The SOA Customer Service Center is available to assist you Monday through Friday, 8:00 a.m. to 5:00 p.m. CDT. Please call +1-888-697-3900.

Presented by

Financial Reporting and Smaller Insurance Company Sections

Time

Noon-1:30 p.m. ET

Location

This webcast takes place via the Internet.

Registration Fees

Starting at $149 (includes access to subsequent webcast recording). More information on all registration fees.

Who Should Participate

Members of the following sections: Financial Reporting, Marketing and Distribution, Product Development, Reinsurance, Smaller Insurance Company and Taxation

Primary Competency

EF

Description

Mortality is a critical assumption in life insurance projections. Compared to other actuarial assumptions, VM-20 has additional prescription on how to formulate a prudent estimate mortality assumption including:

  • Setting up mortality segments;
  • Allowable experience;
  • Determining credibility and the significant data period;
  • Using the Relative Risk Tool and other methods to determine the applicable industry table;
  • Applying a margin; and
  • Mortality improvement to the valuation date.

This webcast will provide guidance on how this work can be performed and other considerations when setting prudent estimate mortality. Presenters for this webcast will walk through a case study to give an example of each step involved in the process.

This webcast is part of a series focused on PBR for life insurance (VM-20) and includes these additional webcasts:

July 28, 2016: VM-20 Assumption Guidance
Aug. 4, 2016: VM-31 Documentation Requirements and the PBR Actuarial Report
Oct. 14, 2016: VM-G Governance
Nov. 17, 2016: VM-20 Asset Modeling

Participate in one or all of the webcasts. Register for each separately.

How the live webcast works and what it includes

You do not need any special equipment. On Sept. 27, 2016, before 2:00 p.m. ET you will be sent detailed webcast instructions via email including the Web address for accessing the presentation. Any handouts that are available will also be sent. You will follow along with both the slide presentation and the audio portion of the broadcast over the Internet. Telephone-based audio will also be available.

The registration fee includes:

  • One access code to the live webcast;
  • One Internet connection;
  • One set of presentation materials; and
  • Access to the subsequent webcast recording.

Please note that each access code may only be used for one location, even if you register for more than one participant.

Post-Webcast Purchase Opportunity

For those who are interested in SOA webcasts but are unable to participate in the live event, access to an archived recording of the webcast will be available for purchase approximately 10 business days following the event by using the following link .

Back

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.