The video features Wendy Kwan, a health actuary, who discusses the interaction between a company's pricing, valuation, and financial reporting functions. She explains the Actuarial Control Cycle, which includes steps like risk identification, classification, quantification, controlling, financing, and monitoring. The video also covers various valuation methodologies used to estimate insurance assets, reserves, and liabilities, emphasizing the importance of understanding data limitations and communicating them effectively. Wendy highlights the significance of reliable valuation estimates for pricing and trending company experience, as well as their impact on an insurer's profitability and financial statements.
Contributors: Wendy Kwan, FSA, MAAA; James Lescoe, FSA, MAAA; Doug Norris, FSA, MAAA, PhD; Jon Forster, ASA, MAAA