Principle-based reserving requires modeling assets and liabilities across a range of scenarios to assess the sufficiency of assets when determining reserves. This is a major shift from the current formulaic framework. These changes will require pricing and valuation actuaries alike to evolve their skill set by heightening their focus on creative analysis, gaining deeper understanding of complex projections and clearly communicating drivers of results to stakeholders in order to influence strategic decision-making. Listen in as panelists discuss how they see theactuarial role changing in response to the in reserving requirements. They’ll also discuss successful characteristics and best practices for understanding and explaining results in the new paradigm. You’ll participate through polling and facilitated discussion.
Learning Outcomes:
Attend this session and you’ll be able to:
· Articulate success factors for actuaries operating in a PBR regime
· Improve your understanding and analysis of reserves under PBR
· Enhance yourability to influence business strategy by effectively communicating drivers of results.
Track: Cultivating Future Opportunities
1.20 SOA CPD
1.00 CIA