Description: Health care continues to move from a fee-for-service model to a value-based care model. Hear from our expert panel on how actuaries can play a key role in the design and contracting of value-based agreements, monitoring experience and driving results, as well as measurement of value. The discussion will cover different structures currently in use, types of services covered (total cost of care, claim service lines, specialties, condition based, pharmacy products, etc), as well as nuances by market (Medicare FFS, MA, Commercial, Medicaid). The panel will discuss latest innovations in the value-based care space, as well as how COVID-19 has impacted these contracts. This interactive session will also allow you to ask your questions to our diverse group of panelists.

Description: Bringing together industry experts spanning investment management and property/casualty insurance, this panel discussion will take the audience beyond spelling ESG correctly and will share their insights about what Environmental Social Governance is. Following is a sampling of the questions the panel will address: How did we get to the current economic state of ESG? Why is ESG controversial, and how has it become controversial? Does integrating ESG into the investment process enhance returns?

Description: Due to increasing financial reporting complexity and growing expectations from external auditors and regulators, insurers are exposed to a greater risk of reporting errors and consequences thereof. Insurers that implement and practice a strong actuarial governance framework can substantially reduce these risks while simultaneously increasing process efficiency. Yet, the range of actuarial governance practices found currently in the industry is large. More established insurance organizations may be updating long-standing (and possibly outdated) frameworks, while newer companies may not even have a formal governance framework in place. Regardless of the situation, many insurers could benefit from refreshing actuarial governance objectives and from exploring methodologies that can be employed to meet these goals. Explore the world of actuarial governance as it pertains to models, assumptions and data. Outline some key considerations for the development of governance frameworks that balance pragmatism and the complexities faced by insurers today, including references to relevant ASOPs where applicable. As an illustrative case study, considerations for an actuarial governance process from LDTI financial reporting requirements will be examined.

Description: Increasing cyber incidents and emergent characteristics of cyber threats have become significant concerns for organizations, governments, and the insurance sector. The growing cyber risks, whether catastrophic risks that an entire town, country, or even world may face due to cyber-attacks, or smaller scale cyber risks such as right where you live with smart home technology, can impact technological infrastructure, public health and safety, economic security, and even political stability. The SOA Research Institute has been conducting several research projects in the area of cyber security risks and the impact of those on insurance companies. Discover these research projects meant to inform actuaries of the ways in which risks can be incorporated into their models, product design, and risk management frameworks. Also, explore research reports that explore new technologies and the development of tools which can aid both practitioners as well as other researchers.

Description: This project enhances the current understanding of cyber risks in the smart home ecosystem from the insurance industry's perspective. In particular, the quantitative framework and pricing strategies developed in this project can be immediately adopted/adapted by actuaries to price the cyber risks for smart homes, a fast-growing insurance market.

Description: This article enumerates many important considerations for a managing general underwriter(MGU) desiring to contract with an insurance carrier to issue and service provider excess of loss policies covering catastrophic medical risks assumed by accountable care organizations (ACOs).

Description: The global doubling of information content has been estimated to occur at a rate of every 12 hours, and conceivably faster. This ‘infowhelm’ is a double-edged sword for insurers. While maximization of the global knowledge base can fuel innovation, it can occur only in the context of reasonable cost for a higher benefit. The insurance industry – underwriters and actuaries in particular – are challenged to constantly examine new innovations that promise to raise confidence and protective value for insurability, within legal limits. This report aims to be the first of several to alert the SOA of promising innovations for the profession.

Description: Society of Actuaries Names New Recipients of James C. Hickman Scholars Program

Description: Edited Content: Discover more about key Economic Scenario Generation (ESG) topics that are relevant for actuarial applications. Expect a focus on risk-neutral / market-consistent ESGs, like setting long term assumptions and scenario reduction. Long tern assumptions will focus on a basic introduction to challenges in deriving long term assumptions and key concepts to better understand how those are set. Come explore a basic overview of scenario reduction techniques and challenges as well as common sense criteria to address the reasonableness of the reduction. Provided Content: The overall objective would be to introduce key ESG (Economic Scenario Generation) topics to actuaries, with two topics below that are relevant for actuarial applications. We intend to focus on risk-neutral / market-consistent ESGs. 1. Setting long term assumptions o A basic introduction to challenges in deriving long term assumptions and key concepts to better understand how those are set 2. Scenario reduction o A basic overview of scenario reduction techniques and challenges as well as common sense criteria to address the reasonableness of the reduction

Description: Winner of the Most Unique Vision of the Future award in the SOA’s 2022 Speculative Spectacular Fiction and Art Contest.