SOA Annual Meeting & Exhibit

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Wednesday, Oct. 18
7:00 a.m.–1:00 p.m.
Registration is open for all meeting attendees.
7:30–8:30 a.m.
A breakfast buffet is available for all meeting attendees.
7:15–8:15 a.m.

Session Sponsor(s): International Section

Moderator(s): A. Graydon Bennett, FSA, FFA

Presenter(s): Carlos Arocha, FSA; A. Graydon Bennett, FSA, FFA; Alejandro Bonilla Garcia; Milanthi Sarukkali, FSA

Join us and Alejandro Bonilla-Garcia for Breakfast as he gives a 360° overview of his non-traditional career as an actuary with the International Labor Organization (ILO). Learn about his experience wearing different hats at the ILO such as Policy & Research Coordinator for the Social Protection Sector and Crisis Response, Chief of Operations for the Social Security Association, and Director of the Social Protection Department. After retiring from the ILO, Alejandro took on the role of Social Protection Advisor to the Permanent Mission of Mexico for the United Nations. With rapidly changing political, economic, demographic, and technological environments, Alejandro was forced to challenge and evolve the "Modus Operandi" at the ILO and his actuarial practice. During the breakfast Alejandro will share the opportunities and challenges that he faced during his career and his vision on the future of the actuarial profession in the social security and social protection fields.

This breakfast is open to all meeting attendees free of charge. If you plan to attend, you must register in advance.

Session Coordinator(s): Wendy Kwan, FSA, ACIA

Presentation(s): View Presentation

Session Sponsor(s): Joint Risk Management Section (CAS, CIA and SOA)

Moderator(s): David Schraub, FSA, CERA, MAAA

Presenter(s): Dariush A. Akhtari, FSA, CERA, MAAA; David Schraub, FSA, CERA, MAAA

This breakfast session will provide an update on the activities of the Joint Risk Management Section Council, and also will serve as a social and networking opportunity for actuaries who practice in the field of risk management.

This breakfast is open to all meeting attendees free of charge. If you plan to attend, you must register in advance.

Session Coordinator(s): Rahim Hirji, FSA, FCIA, MAAA

Presentation(s): View Presentation

Session Sponsor(s): Pension Section

Moderator(s): Andrew J. Peterson, FSA, EA, FCA, MAAA

Presenter(s): Andrew J. Peterson, FSA, EA, FCA, MAAA; Anna M. Rappaport, FSA, MAAA; Lisa A. Schilling, FSA, EA, FCA, MAAA

Join us for a breakfast bite while we present "sound bites" on recent Pension Section sponsored research projects and other Pension Section activities. The focus of the session is to provide an overview of current SOA pension research and whet your appetite to examine one or two projects in more detail.

This breakfast is open to all meeting attendees free of charge. If you plan to attend, you must register in advance.

Session Coordinator(s): Andrew J. Peterson, FSA, EA, FCA, MAAA

Session Sponsor(s): Technology Section

Moderator(s): Wendy Chiwen Liang, FSA, CERA, MAAA

Presenter(s): Paul C. Ramirez, FSA, MAAA

Network and enjoy breakfast in a casual atmosphere. Section leaders will provide a brief update on section activities. You'll have an opportunity to raise issues in which the section should become involved during the upcoming year.

This breakfast is open to all meeting attendees free of charge. If you plan to attend, you must register in advance.

Session Coordinator(s): Robert W. Hrischenko, FSA, MAAA

8:30–9:45 a.m.

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Entrepreneurial & Innovation Section; Marketing & Distribution Section; Technology Section; Predictive Analytics & Futurism Section; SOA General Insurance

Competency: External Forces & Industry Knowledge

Moderator(s): William Rearden, ASA

Presenter(s): Antonio D. Johnson, ASA, MAAA; Srinivas Pulijala; Chris E. Stehno

What is ABCD? The presenters will explain artificial intelligence, block chain, cloud computing, and data. They will address how these new technological capabilities working together will influence business operations and risk management. Attendees will gain insight into what new opportunities these solutions bring and the challenges they should expect from them.

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

  • Describe blockchain disruptions to financial transactions, policy administration, claims processing, and contracts; 

  • Understand how artifical intelligence coupled with big data can fundamentally change the insurance industry by reducing costs, mitigating risks, and enhancing data availability; and

  • Explain how these new disruptive technologies will impact and evolve the actuarial profession towards more strategic work.

Country Relevance: Non-Nation Specific

Experience Level: All

Session Coordinator(s): William Rearden, ASA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Financial Reporting Section

Competency: Strategic Insight and Integration

Moderator(s): Matthew P. Clark, FSA, MAAA

Presenter(s): Dale J. Mensik; Brian Joseph O'Neill, FSA, CERA, MAAA

Insurance companies are facing continued pressures on earnings. Economic conditions combined with competitive pressures have eroded earnings and left many faced with challenges to find earnings boost while not exposing the organization to unwanted risks. The presenters will look at how actuaries are positioned to be a catalyst to improve returns. We will discuss specific opportunities awaiting the profession and the industry.

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

  • Identify the various components of the IRR equation;
  • Compare ways to enhance IRR; and
  • Determine the prospective effectiveness of reinsurance and hybrid financial reinsurance as parts of the IRR toolkit.

Country Relevance: Non-Nation Specific

Experience Level: Intermediate

Session Coordinator(s): Jason Matthew Hiquet, FSA, CERA

Credits: 1.50 CPD

Session Sponsor(s): Health Section

Competency: Strategic Insight and Integration

Moderator(s): Marc David Lucas, ASA

Presenter(s): Xhenet Gacaferi; Marc David Lucas, ASA

The presenters will explore the cost of attrition and other member drift through different risk models, as well as the cost of a member with no attributed provider. Considerations will include the impact on risk adjustment, medical costs, open quality gaps and the impact on star measures, as well as procedures to better predict member drift, improve attribution, and reduce attrition.

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

  • Evaluate cost of attrition;
  • Evaluate cost of unattributed members; and
  • Identify methods to predict and reduce attrition and unattributed members.

Country Relevance: U.S.

Experience Level: Intermediate

Session Coordinator(s): Marc David Lucas, ASA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Health Section

Competency: External Forces & Industry Knowledge

Moderator(s): Ian G. Duncan, FSA, FCA, FCIA, FIA, MAAA

Presenter(s): Ian G. Duncan, FSA, FCA, FCIA, FIA, MAAA; Matthew Harker, MBA, MPH; Terri Maxwell, Ph.D.  

The cost of dying in the United States is significant; about one-third of all Medicare expenses are incurred in the last six months of life with eight out of 10 deaths being covered under the Medicare benefit. The presenters discusses the causes, place, processes and cost of death. Death is frequently over-medicalized, with patients spending their last days connected to machines or undergoing therapies of low value that are often not in keeping with patient/family preferences. Predictive models now are capable of identifying persons appropriate for palliative care and new population health models are emerging to allow for more widespread delivery of palliative care.

These new approaches are coinciding with the shift in payment and delivery reform at federal to state levels. The value of supportive care services and re-engineering of information for patients and families as they continue with an increasing disease burden will be key to addressing over-medicalization and solvency of the Medicare benefit. The presenters will be of interest to those interested in the care of their loved ones, as well as health and retirement actuaries who are concerned about the cost of care at end of life.

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

  • Understand end of life care;
  • Understand the financing of care in the United States; and
  • Understand predictive analytics for high-risk patients.

Country Relevance: U.S.

Experience Level: Beginner

Session Coordinator(s): Ian G. Duncan, FSA, FCA, FCIA, FIA, MAAA

Credits: 1.50 CPD; 1.50 Noncore EA

Session Sponsor(s): Investment Section; Pension Section

Competency: Results-Oriented Solutions

Moderator(s): Jeffrey G. Passmore, FSA, EA, FCA

Presenter(s): Jeffrey G. Passmore, FSA, EA, FCA; Ali Zaker-Shahrak, FSA, MAAA

There are a number of current trends which will undermine financial security in the United States. These are:

  1. Ageing of the population
  2. Under funding of Social Security and Medicare benefits
  3. The trend of reducing or eliminating corporate pension plans and retiree medical benefits in favor of defined contribution plans
  4. The poor funded status of public (state and municipal government) pension plans 

As actuaries, we have the skill set and public trust to address these and present solutions. These challenges will be addressed in turn with discussion around possible solutions and the roles that actuaries could play.

At the conclusion of the session, attendees will be able to describe factors which may cause a coming crisis and explain the role that actuaries can play in helping to find solutions.

Country Relevance: U.S. 

Experience Level: Intermediate

Session Coordinator(s): Jeffrey G. Passmore, FSA, EA, FCA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Leadership and Development Section

Competency: Communication

Moderator(s): Kelly M. Hennigan, FSA

Presenter(s): Kelly M. Hennigan, FSA; Katherine Araujo Pezzullo, FSA, MAAA; Mitchell Bischoff Stephenson, FSA, MAAA; Katie Wright

As communication skills are essential to all actuaries and business leaders, presenters will speak to the importance of verbal, non-verbal and written communications skills. Whether you are presenting to a large group, collaborating in a small meeting, making a recommendation to your colleagues, or sending out an email update to senior management, effectively communicating your message to the audience is critical to an actuary's success. Your communication style affects how others perceive you, how well you can accomplish your day-to-day work, and how influential you can be inside and outside your organization. Topics covered will include: do's and don'ts of verbal, non-verbal, and written communications; ways to most effectively communicate with senior management; common communication pitfalls actuaries face and how to avoid them; and ways to enhance your personal verbal and written communication style when working with different audiences.

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

  • Identify common communication pitfalls actuaries face and how to avoid them;
  • Communicate effectively with senior management; and
  • Develop your personal verbal and written communication style to be effective when working with different audiences.

Country Relevance: Non-Nation Specific

Experience Level: All

Session Coordinator(s): Anne M. Katcher, FSA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Long Term Care Insurance Section

Competency: External Forces & Industry Knowledge

Moderator(s): Lo Linda Chow, FSA, MAAA

Presenter(s): Lo Linda Chow, FSA, MAAA; John Cutler; John O’Leary

The need for Long-Term Care is on the rise as the Baby Boom generation ages. The presenters will summarize from a high level the projected future drivers and costs for LTC and why the private LTC approach has not worked. They will then focus on the alternate approaches in the market that appear to help address some of the current needs and near term product solutions. Specifically, the following alternate approaches will be discussed: life stage, combination products, retirement approaches like 401k and IRAs, disability nursing home rider, wellness benefits, catastrophic coverage, chronic illness rider and low cost products that cover home care benefits through Medicare. Attendees will also hear about Federal and State LTC reform initiatives and SOA Think Tank activities.

Throughout the session, the audience will have a better understanding of the state of U.S. long-term care financing needs, what issues the private LTC industry is facing and what are some of the product solutions.

Country Relevance: Non-Nation Specific

Experience Level: Intermediate

Session Coordinator(s): Lo Linda Chow, FSA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Modeling Section

Competency: Technical Skills & Analytical Problem Solving

Moderator(s): Dave Czernicki, FSA, MAAA

Presenter(s): Hunt M. Blatz, CFA; Dave Czernicki, FSA, MAAA; Joseph P. Peterson, ASA, MAAA; Stephen T. Verhagen, FSA, MAAA

The presenters will renew discussion on the prospect of the 'one model concept,' or the ability of an insurer to consolidate their model set down to a single set, platform or even a single model. Presenters will define the 'one model concept' and discuss industry trends in the space, including efforts that are making the vision a possibility (such as vendor-provided platform developments, the transformation agenda, operating model evolution), and challenges standing in the way of the vision (such as regulatory changes, expanding demands on financial models). We will look to share lessons learned from industry participants.

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

  • Define the one model concept and describe the industry trends around one model concept;
  • Understand challenges faced in moving to a one model concept; and
  • Determine if one model concept is achievable for their organization.

Country Relevance: Non-Nation Specific

Experience Level: All

Session Coordinator(s): Vikas Sharan, FSA, FIA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD; 1.50 Core EA

Session Sponsor(s): Pension Section

Competency: Technical Skills & Analytical Problem Solving

Moderator(s): Andrew J. Peterson, FSA, EA, FCA, MAAA

Presenter(s): Elena V. Black, FSA, EA, FCA, MAAA; Marianne C. Purushotham, FSA, MAAA

The techniques used to project mortality improvement have changed dramatically over the past two decades, evolving from simplistic "age-only" scales to today's complex multidimensional models. In addition to providing an overview of mortality improvement models currently used by actuaries in the United States, United Kingdom and Canada. The presenters will include a discussion of some of the challenges faced by those trying to assess the effectiveness of the most widely-used models. As available, findings related to the most recent updates to the Retirement Plans Experience Committee RPEC 2014 model and its successive iterations of corresponding mortality improvement scales will be discussed.

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

  • Explain mortality models and their use in actuarial practice work;
  • Compare the impact of improvement components across combinations of ages and cohorts; and
  • Develop longevity projections making use of mortality models.

Country Relevance: U.S. and Canada

Experience Level: Beginner-Intermediate

Session Coordinator(s): Thayer (Chip) Miller Morris III, FSA, EA

Presentation(s): View Presentation

Credits: 1.50 CPD; 1.50 Noncore EA

Session Sponsor(s): Pension Section

Competency: Strategic Insight and Integration

Moderator(s): Anna M. Rappaport, FSA, MAAA

Presenter(s): Mathew Greenwald

Since 2001, the Society of Actuaries has conducted surveys every two years on how the public understands and manages various post-retirement risks. The 2017 Risk and Process of Retirement Survey is the ninth survey in this series and will provide up-to-date findings, trends and insights which are important as retirees manage post-retirement risks in an era of increased individual responsibility. The presenters will also include results of a special project interviewing individuals late-in-life. Pension actuaries, as well as those who advise and build retirement products for individuals, will benefit from the insights coming from this year's survey.

Pension actuaries, as well as those who advise and build retirement products for individuals, will benefit from the insights coming from this year's survey, gaining more knowledge on post-retirement risks and how they are managed.

Country Relevance: Non-Nation Specific

 

Experience Level: All

Session Coordinator(s): Monica Dragut, FSA, EA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Product Development Section

Competency: External Forces & Industry Knowledge

Moderator(s): Trevor D. Huseman, FSA, MAAA

Presenter(s): Nicholas E. Carbo, FSA, MAAA; Matthew R. Coleman, FSA, MAAA; Aatman Naresh Dattani

Experts will discuss the issues and trends seen in the annuity market from a product development perspective. New annuity product designs in 2017 and their financial treatment will be discussed. A review of recent market activity, the impact of new industry regulations on annuity products, as well as the impact of macro-economic changes on annuity product offerings will be provided. Products to be discussed include fixed, fixed indexed, variable, income, structured, contingent and outcome-oriented annuities.

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

  • Identify new types of product offerings and trends;
  • Determine considerations when evaluating their current product portfolios; and
  • Understand the current climate for new annuity product development.

Country Relevance: U.S. and Canada

Experience Level: All

Session Coordinator(s): Trevor D. Huseman, FSA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Product Development Section; Reinsurance Section

Competency: Results-Oriented Solutions

Moderator(s): Donna Christine Megregian, FSA, MAAA

Presenter(s): Gregory A. Brandner, FSA, MAAA; Lisa Hollenbeck Renetzky, FSA, MAAA

Many companies have or are considering programs that have been referred to as accelerated underwriting. The process by which companies choose to implement this program may not be as accelerated as the name itself. Companies looking to adopt, enhance or evaluate accelerated underwriting should come listen to how some companies think about, evaluate and share lessons learned about designing, implementing and monitoring an accelerated underwriting paradigm, its impact on assumptions and products, and how a reinsurer may review the accelerated program.

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

  • Describe accelerated underwriting;
  • Identify best practices when evaluating or monitoring accelerated underwriting programs; and
  • Apply best practices to their own accelerated underwriting investigations.

Country Relevance: U.S. and Canada

Experience Level: All

Session Coordinator(s): Donna Christine Megregian, FSA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): SOA Research

Competency: External Forces & Industry Knowledge

Moderator(s): David N. Wylde, FSA, MAAA

Presenter(s): Mary Ann Broesch, FSA, MAAA; Joel Jones; Allen M. Klein, FSA, MAAA; Scott Edward Morrow, FSA, FIA, MAAA

The SOA Committee on Life Insurance Mortality and Underwriting Surveys will be presenting the results of its latest round of surveys, which were on the following topics:

  • Early Duration Claims
  • Improving the New Business Process
  • Older Age General and Underwriting Sources
  • Predictive Analytics and Accelerated/Enhanced Underwriting

At the conclusion of the session, attendees will have learned about:

  • Some of the drivers behind early duration claims and risk mitigation processes dealing with early duration claims;
  • The various changes life insurance companies have recently made, or are thinking of making, to improve the new business process;
  • New and recent trends in older age underwriting; and
  • Predictive analytics, accelerated underwriting and enhanced underwriting programs that have been adopted by companies.

Country Relevance: U.S. and Canada

Experience Level: All

Session Coordinator(s): Korrel Rosenberg

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): SOA

Competency: External Forces & Industry Knowledge

Moderator(s): Larry N. Stern, FSA, MAAA

Presenter(s): Charles Platt; Steven Sklaver; Larry N. Stern, FSA, MAAA

There have been a number of class action lawsuits recently focusing on the right of insurers to raise cost of insurance (COI) rates on universal life policies. While most of these lawsuits depend heavily on the specific language used in the policy forms, there are basic principles that apply.

This team of experts that have been involved in several of the lawsuits will discuss the issues from both the insurance company and policyholder perspective.

At the conclusion of the session, attendees will:

  • Understand current litigation issues of COI increases;
  • Identify plaintiff and defendant perspectives of COI increase litigation; and
  • Interpret policy form language differences about COI increases.

Country Relevance: U.S.

Experience Level: All

Session Coordinator(s): Larry N. Stern, FSA, MAAA

9:45 – 10:15 a.m.
A refreshment break is available for all meeting attendees.
10:15–11:30 a.m.

Credits: 1.50 CPD

Session Sponsor(s): Entrepreneurial & Innovation Section; Marketing & Distribution Section; Technology Section; Predictive Analytics & Futurism Section; SOA General Insurance

Competency: External Forces & Industry Knowledge

Moderator(s): William Rearden, ASA

Presenter(s): Steve Fretwell; Anthony C. Laudato, FSA, MAAA; Michelle Priest; Ari Ramdial

The presenters focuses on the more practical application of new digital and technological capabilities along the insurance value chain. The presenters will address areas of the business model that attract the most disruption. Discussions will include how technology is dramatically altering the traditional methods of operation. Attendees will have a better understanding of what areas within insurance will experience the most change from technology in the near future.

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

  • Understand how technology can simplify the process of taking personal risk management solutions to the policyholder;  
  • Identify potential opportunities that Insuretech provides for actuaries; and  
  • Describe how software is eating risk transfer.

Country Relevance: Non-Nation Specific

Experience Level: Beginner-Intermediate

Session Coordinator(s): Melissa; William Rearden, ASA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Financial Reporting Section

Competency: External Forces & Industry Knowledge

Moderator(s): Michael A. Hughes, FSA, MAAA

Presenter(s): Sean L. Nossel, FSA, FIA; Esteban Ramiro Paez, FSA, MAAA; Jeremy Spier

The presenters will provide an overview of the current life insurance M&A landscape, along with insight on leading practices and lessons learned in the deal and merger integration processes.

Topics include:

  • M&A market update: recent M&A deal trends in the life insurance industry in the United States and globally; drivers and motives for buyers and sellers in the current environment; and outlook on the future M&A market for life insurers
  • Deal process: key considerations and leading practices at each stage of the deal process
  • Lesson learned: a retrospective look at one or more case studies - key challenges and success stories

The intended learning outcomes include the following:

  • Inform the audience on the current life insurance M&A trends and understand the key drivers/objectives of the different players in the market;
  • Educate the audience on the leading practices of during due diligence and key considerations pre & post close; and
  • Share with the audience lessons learned during a recent acquisition from a buyer's perspective.

Country Relevance: International

Experience Level: Advanced

Session Coordinator(s): Michael A. Hughes, FSA, MAAA

Credits: 1.50 CPD

Session Sponsor(s): Health Section

Competency: Technical Skills & Analytical Problem Solving

Moderator(s): Marc David Lucas, ASA

Presenter(s): Marc David Lucas, ASA

The value of a star gap varies by a Medicare Advantage plan's "natural state" and current state for each measure, its ability to close gaps through available interventions and tools, the compliance of an individual, and the likelihood of a plan to achieve a four star rating and the associated bonus and rebate. One star gap can mean millions or it can mean nothing.

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

  • Evaluate the expected value of engaging a member with a tool or intervention for their open star gaps;
  • Prioritize members and tools/interventions to close quality gaps; and
  • Estimate a plan's likelihood to achieve a 4 star rating and effort to do so.

Country Relevance: U.S.

Experience Level: Intermediate-Advanced

Session Coordinator(s): Marc David Lucas, ASA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Health Section

Competency: External Forces & Industry Knowledge

Moderator(s): Brian N. Dunham, FSA, MAAA

Presenter(s): Paul Luis Correia, FSA, CERA, MAAA; Brian N. Dunham, FSA, MAAA

New York State is introducing what will become the nation's richest Paid Family Leave (PFL) benefit beginning Jan. 1, 2018. This benefit, phased in over four years, will ultimately replace 67 percent of wages and last as long as 12 weeks. While PFL is already available in other states including CA, NJ and RI, New York is different; in other states, a state fund administers the program, but in New York all insurers offering Disability Benefits Law (DBL) coverage will be required to add a new and unpredictable benefit to their DBL contracts. Join us as we explore the pricing and financial statement implications of a program likely to impact nearly all group disability insurers doing business in New York State.

At the conclusion of the session, attendees will be able to understand the PFL legislation, regulation, pricing and financial statement implications.

Country Relevance: U.S.

Experience Level: All

Session Coordinator(s): Brian N. Dunham, FSA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): International Section

Competency: External Forces & Industry Knowledge

Moderator(s): David Sherwood

Presenter(s): Elizabeth K. Dietrich, FSA, CERA, MAAA; David Sherwood

The International Association of Insurance Supervisors (IAIS) has continued development of the Global Insurance Capital Standard (ICS) with Version 1.0 implemented (in the summer of 2017) for confidential reporting to supervisors. The presenters provide background on the development of the ICS while also addressing differing viewpoints from industry and regulators on considerations and issues related to the standard.

The presenters will detail the requirements of Global Insurance Capital Standard Version 1.0, discusses what is meant by confidential reporting to supervisors, and addresses preparations for version 2.0 due in 2019, which is expected to be more publicly available to stakeholders, rating agencies and investors.

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

  • Explain the ICS framework;
  • Identify the issues inherent in ICS v1.0; and
  • Determine the issues and strategies that will be important to their companies for compliance with version 2.0.

Country Relevance: International

Experience Level: Intermediate

Session Coordinator(s): Sara Veit Kaufman, FSA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Joint Risk Management Section (CAS, CIA and SOA)

Competency: Strategic Insight and Integration

Moderator(s): Brian Joseph O'Neill, FSA, CERA, MAAA

Presenter(s): Ted Bruntrager, FRM; Brian Joseph O'Neill, FSA, CERA, MAAA

Senior executives across industry have been increasingly concerned with not being blindsided by operational risk breaches. As they should be. History has shown that financial organizations that took their eyes off of their operational risk exposures have at times faced severe financial losses. But, while we are seeing greater attention being paid to operational risk industry wide, we are also seeing frustration with the ability to quantify operational risk, which, in turn, has organizations grappling with the problem of how to identify, measure, and mitigate it. Let's deep dive on aspects of operational risk from the practitioner's view point and see what can realistically be done to move the needle.

At the conclusion of the session, attendees will have an:

  • Understanding of the various OR regulatory paradigms across the world;
  • Appreciation of the key distinction between OR that can be controlled (internal processes), and those that are less controllable (external fraud); and
  • Understanding of the ROI equation for OR management - what is the best use of time and resources?  

Country Relevance: Non-Nation Specific

Experience Level: Intermediate

Session Coordinator(s): Brian Joseph O'Neill, FSA, CERA, MAAA

Credits: 1.50 CPD

Session Sponsor(s): Long Term Care Insurance Section

Competency: Technical Skills & Analytical Problem Solving

Moderator(s): Robert K. Yee, FSA, MAAA

Presenter(s): Matthew Hugh Morton, FSA, MAAA; Steven W. Schoonveld, FSA, MAAA

Most linked LTC policies sold today are single premium policies. In order to reach a much larger audience, the sale of level premium products has grown in recent years. Such designs are considered to be advantageous for a number of reasons. This presenters describe the benefits of the level premium designs and presents the legal, design, marketing and implementation challenges. Potential solutions will also be discussed.

At the conclusion of the session, attendees will gain appreciation of the potential value and challenges of a level premium LTC liniked policy design.

Country Relevance: Non-Nation Specific

Experience Level: Intermediate-Advanced

Session Coordinator(s): Robert K. Yee, FSA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD; 1.50 Noncore EA

Session Sponsor(s): Pension Section

Competency: External Forces & Industry Knowledge

Moderator(s): Larry N. Stern, FSA, MAAA

Presenter(s): Jean-Marc Fix, FSA, MAAA; Sam Gutterman, FSA, CERA, FCA, FCAS, HONFIA, MAAA

The presenters will give attendees an update on the latest science on aging such as efforts to treat aging as a disease, discussion of the genetic components of aging, and the impact of genetic and non-genetic factors on mortality. The presenters will also present views on how long humans can live.

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

  • Develop knowledge on the theories of aging to help in actuarial practice work;  
  • Understand better the implications of an aging population on society and business to help mitigate potential risks and identify opportunities; and
  • Compare proposed theories to current mortality and morbidity projection assumptions.

Country Relevance: International

Experience Level: Beginner-Intermediate

Session Coordinator(s): Thayer (Chip) Miller Morris III, FSA, EA

Presentation(s): View Presentation

Credits: 1.50 CPD; 1.50 Noncore EA

Session Sponsor(s): Pension Section

Competency: External Forces & Industry Knowledge

Moderator(s): Brett Brooks Dutton, FSA, EA, FCA

Presenter(s): Matthew W. McDaniel, FSA, EA, FCA, MAAA; Thomas William McNab, FSA

Pension modeling, the development of potential future financial outcomes for pension plans and their sponsors, is a critical component of the value that actuaries provide to their pension clients. Pension modeling is used for many purposes including budgeting, strategic planning and risk management. The presenters will seek to survey the wide and evolving range of approaches to pension modeling, addressing such questions as:

  • For what purposes should models be constructed? What range of modeling approaches exists, and what factors should be considered when selecting a modeling approach?
  • What are key considerations in model construction (e.g., assumption setting, liability forecasting, and asset forecasting)?
  • How can an actuary effectively communicate key model outcomes to a client?

Although the presenters' primary work experience is with U.S. corporate defined-benefit plans, the content of the session will be general in nature in order to offer relevant insight across multiple regulatory frameworks (private/public sector, U.S./Canada, etc.).

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

  • Identify the purposes for which models should be constructed;
  • Describe what factors should be considered when selecting a modeling approach; and
  • List key considerations for model construction.

Country Relevance: Non-Nation Specific

Experience Level: Intermediate

Session Coordinator(s): Drew Martin Luchies, FSA, FCIA; Brett Brooks Dutton, FSA, EA, FCA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Product Development Section

Competency: Professional Values

Moderator(s): David C. Armstrong, FSA, MAAA

Presenter(s): Nick Fiechter, FSA, MAAA; Maria Rose Itteilag; Donna Christine Megregian, FSA, MAAA

Discuss three important actuarial standard of practice (ASOP) exposure drafts titled: Pricing of Life Insurance and Annuity Products; Modeling; and Setting Assumptions; recently proposed by the Actuarial Standards Board. The draft Pricing of Life Insurance and Annuity Products ASOP "applies to actuaries when performing actuarial services with respect to the pricing of life insurance and annuity products, including riders, that will be sold in the future." The proposed Assumption Setting ASOP will "apply to actuaries performing actuarial services which include setting and/or assessing the reasonableness of assumptions." The proposed Modeling ASOP will "apply to actuaries in all practice areas performing actuarial services when selecting, designing, building, modifying, developing, using, reviewing, or evaluating all types of models that are not simple models." Actuaries use numerous models which have various applications (e.g. economic capital, GAAP reporting, pricing, etc.). It's important that the use of assumptions are appropriate in light of the model's intended purpose. Focused topics of discussion will address what these newly proposed ASOPs mean for the actuary.

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

  • Explain the proposed Pricing (draft), Modeling (Third Exposure) and Setting Assumptions ASOPs;
  • Identify opportunities to implement newly proposed guidance in their organizations; and
  • Evaluate their own pricing, models and assumption setting processes, to determine if there are existing processes that would benefit from improvement.

Country Relevance: Non-Nation Specific

Experience Level: All

Session Coordinator(s): Brock E. Robbins, FSA, FCIA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Reinsurance Section

Competency: External Forces & Industry Knowledge

Moderator(s): Peter A. Heinrichs, FSA, MAAA

Presenter(s): Michael L. Emerson, FSA, MAAA; Marc-Andre Giguere, FSA, FCIA, MAAA; Jeremy Lee Lane, FSA, CERA, MAAA; Todd R. Watson, FSA, MAAA

The life and health reinsurance market has faced many headwinds, including regulatory changes, low interest rates, declining cession rates and competition from alternative sources of capital. Learn more about recent developments in the market for life, accident, disability and medical reinsurance from executives at leading reinsurers, and how this may impact insurers. The discussion will encompass individual and group coverages. The presenters will be composed of executives from U.S. life, accident and medical reinsurers, a basic knowledge of reinsurance will be assumed by the presenters.

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

  • Describe current reinsurance market trends;
  • Evaluate how potential changes in the reinsurance market may impact their company; and
  • Develop plans to prepare their companies for such changes.

Country Relevance: U.S.

Experience Level: Intermediate

Session Coordinator(s): Peter A. Heinrichs, FSA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Smaller Insurance Company Section; Joint Risk Management Section (CAS, CIA and SOA); Financial Reporting Section

Competency: Technical Skills & Analytical Problem Solving

Moderator(s): Vikas Sharan, FSA, FIA, MAAA

Presenter(s): Brody D. Lipperman, FSA, CERA, MAAA; Stefanie J. Porta, ASA, MAAA; Vikas Sharan, FSA, FIA, MAAA

The presenters will discuss some of the latest trends in model risk management (MRM) with focus on companies which are not required by regulators to validate the models. The session will start with an overview of typical MRM approaches used by fed-regulated organizations (which are required to undertake frequent validation exercises). The session will then discuss constraints and challenges faced by small to mid-sized companies when it comes to model risk management. The session will then offer perspectives on various aspects of model risk management, such as resourcing, validation approaches and independence of roles, that these companies can utilize in their organization to build upon a functional and successful MRM function.

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

  • Understand the industry trends in model risk management;
  • Develop an understanding of traits that define a successful model risk management function; and
  • Understand challenges that small to mid size companies face and validation approaches that can be used to overcome these constraints.

Country Relevance: Non-Nation Specific

Experience Level: All

Session Coordinator(s): Vikas Sharan, FSA, FIA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Taxation Section

Competency: Technical Skills & Analytical Problem Solving

Moderator(s): Brian G. King, FSA, MAAA

Presenter(s): Craig R. Springfield; Jeffrey Thomas Stabach, FSA, MAAA

The presenters will cover recent developments affecting the federal tax qualification of life insurance, annuities, and other insurance products. The presenters will provide insight into how these products are taxed in the hands of policy owners and issues that may impact how companies develop and administer policy owner tax policy.

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

  • Describe changes affecting the administration of policy owner taxation;
  • Identify how 2017 CSO mortality will impact life insurance limits; and
  • Determine where to seek greater understanding o of recent developments.

Country Relevance: U.S.

Experience Level: All

Session Coordinator(s): Tony Randal Litterer, FSA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): SOA Research

Competency: Technical Skills & Analytical Problem Solving

Moderator(s): Mervyn Kopinsky, FSA, EA

Presenter(s): Brian D. Holland, FSA, MAAA; Kevin P. Larsen, ASA, MAAA; Tony R. Phipps, FSA, MAAA

The Society of Actuaries' Individual Life Experience Committee will present the results of its latest mortality experience study. This study covers experience between 2003 and 2013 on fully underwritten life insurance policies. The results include experience split along multiple dimensions including duration, face amount bands, smoking status and underwriting class.

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

  • Identify the key drivers of life mortality experience;
  • Evaluate how recent mortality experience compares to the 2015 Valuation Basic Table; and
  • Explain how mortality varies by duration, smoking status, underwriting class and other factors.

Country Relevance: U.S.

Experience Level: All

Session Coordinator(s): Cynthia MacDonald, FSA, MAAA

11:30 a.m.–Noon
A refreshment break is available for all meeting attendees.
Noon–1:15 p.m.

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Health Section

Competency: External Forces & Industry Knowledge

Moderator(s): Jeffrey Robert Huddleston, ASA, CERA, MAAA

Presenter(s): Marc David Lucas, ASA; Chris E. Stehno

Electronic medical records (EMR), or electronic health records (EHR) as they are sometimes called, are rapidly gaining adoption across medical industries. The Health Information Technology for Economic and Clinical Health Act, part of 2009's American Recovery and Reinvestment Act, created a series of incentives, both positive and negative, to encourage adoption of EMR in the United States. EMR are now widely used by insurance plans, medical providers, pharmacies and many other medical industry stakeholders. EMR have the ability to significantly impact the insurance industry across a wide range of areas: health insurance, life insurance and retirement income and benefits.

Join a forum from across these and other industries for a discussion on the potential impacts and disruptive capabilities that EMR possess. The forum will also address methods to quantify many of the benefits of integrated EMRs including: Documenting HCCs, which HCCs are likely to be identified, improved record retrieval rates, reduced record retrieval costs, reduced provider abrasion, and improved HEDIS/Star gap closure as well as methodologies to estimate "Critical Mass" for EMR integration.

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

  • Identify insurance sectors impacted by EMRs;
  • Explain potential impacts of EMRs to those sectors; and
  • Describe other potential impacts to the actuarial profession.

Country Relevance: Non-Nation Specific

Experience Level: All

Session Coordinator(s): Jeffrey Robert Huddleston, ASA, CERA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Health Section

Competency: Results-Oriented Solutions

Moderator(s): Gabriela Dieguez, FSA, MAAA

Presenter(s): Maggie Alston, CHFP; Patrick Cunningham

Value-based contracts are an attractive alternative to traditional drug and device contracting for payers and risk-bearing providers as the industry moves from volume to value. However, these contracts require a significant amount of data analytics. The presenters will explore recent developments in value-based contracting with pharmaceutical and device manufacturers. It will present a framework for analyzing feasibility, identifying obstacles, and building a strong proposition around value-based contracts. The session is intended to meet the needs of actuaries who are or will be focusing on implementing value-based contracts for drugs and medical devices.

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

  • Describe the incentives for value-based contracting of drugs and devices;
  • Compare different types of value-based contracting;
  • Identify current obstacles to implementing value-based contracting; and
  • Identify the key elements to a robust value-based contract offering.

Country Relevance: U.S.

Experience Level: All

Session Coordinator(s): Gabriela Dieguez, FSA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Investment Section

Competency: External Forces & Industry Knowledge

Moderator(s): Stephen G. Smith, FSA, MAAA

Presenter(s): Eric Janecek, FSA, MAAA; Jeffrey Michael Laitinen, FSA, MAAA; Stephen G. Smith, FSA, MAAA

A practical introduction to investments for actuaries working in the insurance space. The presenters will introduce the primary asset classes that insurers invest in, with a focus on the characteristics and risks of each. They will discuss asset allocation strategies and asset liability matching principles. Dialogue and questions will be encouraged throughout the session. The session is intended for actuaries with limited experience in the area of investments.

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

  • Identify characteristics of various asset classes; and
  • Understand asset allocation strategies and asset liability matching principles for insurers.

Country Relevance: U.S. and Canada

Experience Level: Beginner

Session Coordinator(s): Kelly Lynn Featherstone, FSA, ACIA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Long Term Care Insurance Section

Competency: External Forces & Industry Knowledge

Moderator(s): John Bach Hebig, FSA, MAAA

Presenter(s): Peggy L. Hauser, FSA, MAAA; John Bach Hebig, FSA, MAAA; Nicole Pittman, ACS, CLTC, J.D.,M.Ed.

The LTC market of today is continuing to evolve from the market which we have seen in years past. As the market has evolved, recent regulatory changes have occurred which impact LTC valuation and rating. This presentation will aid LTC carriers in being abreast of all these changes. The session will also enlighten attendees on what is new in the LTC combination/linked benefit product market.

At the conclusion of the session, attendees will be able to understand what new regulations are impacting the LTC industry and products are being sold in place of stand-alone policies.

Country Relevance: U.S.

Experience Level: Intermediate-Advanced

Session Coordinator(s): John Bach Hebig, FSA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD; 1.50 Noncore EA

Session Sponsor(s): Pension Section, Social Insurance & Public Finance

Competency: External Forces & Industry Knowledge

Moderator(s): Emily K. Kessler, FSA, EA, FCA, MAAA

Presenter(s): Karen P. Glenn, FSA, EA, MAAA; Jean-Claude Menard, FSA, FCIA

U.S. Social Security program and Canadian Pension Plan (CPP) are facing multiple challenges and are expected to go through significant changes in the future. Changes in demographics accelerated by the aging of the Baby Boom generation, along with other factors, are expected to lead to funding issues for the U.S. Social Security program in the next two decades. The presenters will discuss the direction of the different potential reforms to face these upcoming challenges and their impact on both active and inactive populations. The presenters will also discuss the recent reform and expansion of the CPP; what were the drivers for it, the changes it brings and the higher costs related to its funding.

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

  • Identify the main challenges that face the U.S. Social Security program;
  • Explain the direction of the potential reforms to respond to these challenges, along with their impact on the population; and
  • Describe the main drivers that led to the Canadian Pension Plan (CPP) expansion, and explain the most significant changes it led to.

Country Relevance: U.S. and Canada

Experience Level: All

Session Coordinator(s): Andre Claude Menard, FSA, EA

Presentation(s): View Presentation

Credits: 1.50 CPD; 1.50 Core EA

Session Sponsor(s): Pension Section

Competency: External Forces & Industry Knowledge

Moderator(s): Andrew J. Peterson, FSA, EA, FCA, MAAA

Presenter(s): Justin D. Kear, ASA, EA; Tonya B. Manning, FSA, EA, FCA, MAAA

The presenters will provide an update on recent developments impacting U.S. retirement plans, such as regulatory and accounting guidance, new legislative proposals, recent court cases, and other retirement plan trends. Experienced pension actuaries will share their perspectives on these issues and discuss how plan sponsors will be impacted.

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

  • Identify significant new legislative and regulatory developments affecting the retirement plans; and
  • Understand how these developments apply in their day-to-day work and be ready to discuss with clients and plan sponsors.

Country Relevance: U.S.

Experience Level: Intermediate

Session Coordinator(s): Andrew J. Peterson, FSA, EA, FCA, MAAA

Credits: 1.50 CPD

Session Sponsor(s): Predictive Analytics and Futurism Section; Health Section

Competency: Strategic Insight and Integration

Moderator(s): Brian D. Holland, FSA, MAAA

Presenter(s): Richard Marshall Lagani Jr.; Pratyush Lal; Evan Morgan, ASA, MAAA

Practitioners from health, life and annuity product areas will give short presentations on building a successful PA operation, including successes and failures along the line from predictive modelers to final implementation. The presentations will be followed by a moderated discussion. There will be some prepared questions, with audience questions and participation highly encouraged.

At the conclusion of the session, attendees will understand issues and solutions required to build a successful predictive analytics program or to make data-driven decisions.

Country Relevance: Non-Nation Specific

Experience Level: All

Session Coordinator(s): Eileen Sheila Burns, FSA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Product Development Section

Competency: External Forces & Industry Knowledge

Moderator(s): Elena Stoyanova Tonkovski, FSA

Presenter(s): Joshua David Dobiac; Elena Stoyanova Tonkovski, FSA

F.A.S.T. global forces affect our industry today compelling companies to come up with F.R.E.S.H. product ideas. The presenters will share examples from different parts of the world on how products are becoming more Flexible, Rewarding, Easier, Specialized and Holistic in response to the Financial, Authoritative, Social and Technological global forces.

At the conclusion of the session, attendees will be able to compare different value propositions.

Country Relevance: International

Experience Level: All

Session Coordinator(s): Elena Stoyanova Tonkovski, FSA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Product Development Section

Competency: Technical Skills & Analytical Problem Solving

Moderator(s): Donna Christine Megregian, FSA, MAAA

Presenter(s): Andy Ferris, FSA, FCA, MAAA; Stephanie J. Koch, FSA, MAAA; Jennifer L. McGinnis, FSA, CERA, MAAA

What does Inforce Management (IFM) mean to you? How can different product types be impacted by IFM? Companies price products and later assess how much the products are deviating from expectations and what that financial impact is to the company. With that assessment of financial impact comes the company decision to take action on the business where possible. That action can take a variety of forms including nonguaranteed element changes, premium changes on post level premiums for term product, and assumptions setting. The session will be an interactive forum that leverages the experiences and knowledge of the presenters and audience to discuss how the industry is managing inforce business.

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

  • Evaluate potential in force challenges on their business;
  • Apply current best practices when managing this business;
  • Gain an awareness of the research on permanent policyholder behavior and post level term activities; and
  • Explain the approaches currently being used by others in the industry.

If you are interested in further discussion on this topic, register for session 194 IF, Inforce Management Discussion Forum on Wednesday at 1:30-2:45. The forum includes a boxed lunch and there is a nonrefundable fee of $20. If you plan to attend you must register in advance to obtain a ticket. Attendance is limited to 50 people.

Country Relevance: U.S. and Canada

Experience Level: All

Session Coordinator(s): Donna Christine Megregian, FSA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Reinsurance Section

Competency: External Forces & Industry Knowledge

Moderator(s): Dale J. Mensik

Presenter(s): Lonny D. Meewes, FSA, MAAA; Chris Whitney, FSA, MAAA; Rebecca Marie Wilczak, FSA, CERA, MAAA

The presenters will explore the impact of PBR (principle-based reserves) on the use and viability of financial reinsurance, especially so-called redundant reserve financing of term life insurance and universal life insurance with secondary guarantees, and how financial reinsurance can help life insurance companies improve their product offerings and affordability of insurance products offered to their customers, particularly in the middle market. Presenters will discuss the past, present, and future of financial reinsurance and the changing regulatory landscape.

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

  • Describe the common reasons life insurers use financial reinsurance;
  • Explain how PBR and other regulatory changes will affect the use of financial reinsurance moving forward; and
  • Evaluate the potential of financial reinsurance as a tool to improve life insurance product offerings and affordability.

Country Relevance: U.S.

Experience Level: Intermediate

Session Coordinator(s): Rebecca Marie Wilczak, FSA, CERA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): Technology Section

Competency: Strategic Insight and Integration

Moderator(s): Albert Jeffrey Moore, ASA, MAAA

Presenter(s): Srinivas Pulijala; Paul Rivard; Matt Stack

The presenters will feature a leading expert of digital transformation in a panel format. Digitization will lead to the transformation of insurance along the value chain. There is much insight to gleam from looking at how industries approach their data management and digital strategies. One of our experts will explain how he has been using data to understand the formation of entire digital ecosystems and help clients take advantage of them. Drawing from their vast experience, the presenters will highlight the main trends in digital transformation, key players in the insurance industry, and concrete examples of adoption of technology across different cultures.

At the conclusion of the session, attendees will have a broader perspective on digital trends and will gain a better understanding of the potential of transformation.

Country Relevance: International

Experience Level: All

Session Coordinator(s): Wendy Chiwen Liang, FSA, CERA, MAAA

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): SOA General Insurance

Competency: Technical Skills & Analytical Problem Solving

Moderator(s): Anthony E. Cappelletti, FSA, FCAS, FCIA

Presenter(s): Alan Frith, Are, CCM, CPCU

There exist catastrophe models for a number of natural and man-made catastrophes. Primarily, the output produced by these models are used by general insurers to determine their exposure to catastrophic events and assist the insurer in managing this risk (e.g., optimizing reinsurance). Reinsurers use the out to price reinsurance that covers catastrophes. However, the output from catastrophe models can be used for other purposes. During this session presenters will explore the use of catastrophe models by general insurance companies beyond its use as a tool for catastrophe reinsurance.

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

  • Demonstrate an understanding of catastrophe models in general;
  • Understand the strengths and weaknesses of several types of catastrophe models; and
  • Explain the different uses of catastrophe models by general insurance companies.

Country Relevance: International

Experience Level: Beginner-Intermediate

Session Coordinator(s): Anthony E. Cappelletti, FSA, FCAS, FCIA

Presentation(s): View Presentation

Credits: 1.50 CPD; 1.50 Core EA

Session Sponsor(s): Society of Actuaries

Competency: Professional Values

Moderator(s): Mike A. Boot, FSA, MAAA

Presenter(s): Mike A. Boot, FSA, MAAA; David M. Dillon, FSA, MAAA; Joseph L. Wurzburger, FSA, MAAA

The actuarial profession is typically praised for its high integrity. How can actuaries maintain this professionalism with increasing workplace pressures? How can actuaries maintain awareness of the changing Actuarial Standards of Practice? Participants will explore the importance and role that professionalism plays in the everyday life of an actuary. Brief case studies will be used to highlight professionalism issues that may be encountered. The presenters will discuss the issues in each case study, and then the members of the audience will be actively solicited for their comments and insights.

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

  • Understand the role of professionalism;
  • Understand the importance of professionalism;
  • Describe resources that are available; and
  • Gain a couple of tips on how to integrate ASOPs and Code of Professional Conduct into their everyday work.

Country Relevance: Non-Nation Specific

Experience Level: All

Session Coordinator(s): Mike A. Boot, FSA, MAAA

1:30 – 2:45 p.m.

Presentation(s): View Presentation

Credits: 1.50 CPD

Session Sponsor(s): SOA

Competency: Technical Skills & Analytical Problem Solving

Moderator(s): Jennifer L. McGinnis, FSA, CERA, MAAA

As a follow up to session 188 IF, Inforce Management: Understanding and Increasing Its Value, join us for an interactive forum to further discuss Inforce Management in smaller groups. Discuss considerations and next steps for creating a specialized interest group for those with interest in this area. This will be great opportunity for sharing challenges and brainstorming solutions. There will be plenty of opportunity to network and share with numerous colleagues on this topic.

The forum includes a boxed lunch and there is a nonrefundable fee of $20. If you plan to attend you must register in advance to obtain a ticket. Attendance is limited to 50 people.

Country Relevance: U.S. and Canada

Experience Level: All

Session Coordinator(s): Jennifer L. McGinnis, FSA, CERA, MAAA

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.