2023 ImpACT Conference - Session 5C: FP&A in an Ever Changing Economic and Technological Environment 10.24.23 Recording

Financial planning and analysis (FP&A) has become increasingly important to the life insurance industry in recent years. Insurance companies must navigate complex changes in financial reporting and capital requirements to manage risk effectively. Furthermore, technological growth has changed the landscape of the theoretical capabilities of FP&A; however, many FP&A areas struggle to implement the sophisticated modeling techniques required to manage the long-term liabilities associated with life and annuity products. In this session, our panel will discuss hot topics in FP&A, including: - Range of common FP&A uses and trends - Impacts of financial reporting and regulatory changes (LDTI, IFRS17, Principles-based reserves) - Practices for the projection of stochastic reserves, capital, and hedging - Operational challenges and best practices - Impacts of technological advancement and modernizationKey learning outcomes include: - Explaining the current state of FP&A in the life insurance industry - Understanding many of the challenges and opportunities presented by regulatory and technological advancements TRACK: Valuation (LTDI, IFRS 17, Tax, Statutory/ Regulatory, Etc.);ERM/ Capital Risk/ Climate Change