Announcement: SOA congratulates the new FSAs for June 2019.

Agenda

Monday, August 14
11:00 a.m. – 12:00 p.m.
12:00 p.m. – 12:30 p.m.

Presenter(s): Jeff Katz, Swiss Re

Many types of reinsurance structures have been used over the years. This session will present the more prevalent structures, the regulatory framework around them, and how they are typically used. This session will also provide an overview of the U.S. reinsurance market.

 

Session Coordinator(s)

Facilitator(s)

12:30 p.m. – 1:15 p.m.

Presenter(s): Jeff Katz, Swiss Re

Reinsurance is an important method of protecting a company's surplus. In order to receive reserve credit under statutory accounting, certain risk transfer rules must be followed. This session will review these rules and discuss current best practices.

Session Coordinator(s)

Facilitator(s)

1:15 p.m. – 2:00 p.m.

Presenter(s): Shaun Downey, John Hancock

Reinsurance treaty provisions can become particularly important and contentious when experience and profitability diverges from expected. This session will discuss common problems with treaty provisions, such as premiums, offset, severability, and claims, along with potential solutions.

Session Coordinator(s)

Facilitator(s)

2:00 p.m. – 2:45 p.m.

Presenter(s): Greg LaRochelle, RBC

Administration of reinsurance treaties is often under-appreciated, but is vital to their long-term health and effectiveness for both parties. As products and reinsurance structures continue to evolve against the backdrop of legacy treaties, reinsurance administration challenges have increased. This session will discuss common challenges, current control and reporting standards, and suggestions for future consideration.

Session Coordinator(s)

Facilitator(s)

2:45 p.m. – 3:15 p.m.
3:15 p.m. – 4:00 p.m.

Presenter(s): Timothy Paris, Ruark Consulting

In markets with rapid product innovation or changes in policyholder behavior, quantification of policyholder behavior risk can be very difficult, and can inhibit companies' ability to reinsure products or entire blocks of business. This session will describe important cohorts and dynamics for elective policyholder behavior based on annuity industry experience data, describe analytical methods and reinsurance structures that mitigate these risks, and address implementation and counterparty considerations.

Session Coordinator(s)

Facilitator(s)

4:00 p.m. – 4:45 p.m.

Presenter(s): Ryan Stevens and Xueli Zhang, RGA

The reserve financing market has seen significant changes in recent years. The implications of the Rector Report and the subsequent adoption of PBR have changed the regulatory landscape, pressuring the efficient utilization of capital for both insurance companies and reinsurers. This session will discuss the current state of the market for both new and inforce business, and key considerations in implementing solutions.

Session Coordinator(s)

Facilitator(s)

5:00 p.m. – 7:00 p.m.