Description: 2021 ImpACT Conference - Session 12B: Revised ASOP 11: Are Life, Annuity, and Health Actuaries Ready? 10.29.21 Recording

Description: With seemingly unending demands on life & annuity companies for more intense and complex calculations, as well as greater sophistication around analytics, and all of this done at speed, never before has it been so important to seek out maximum efficiency in constructing models. In this session the panelists examine how the combination of various model efficiency approaches, pulling in many different facets of modeling and making it flexible enough to dial up or down various modeling components, can bring about incredible results. Not only does it become possible to produce and expand upon financial risk metrics via a building block approach, but also enables life insurers to produce analytics and dashboards to support strategic decisions that were simply not possible or cost effectively viable before.

Description: Discover the rapidly developing health and wellness industry during the Use of Health and Wellness Data in L&H Risk Assessment webcast. Our discussion includes the maximization of data usage through several different means, including current risk selection, creation of a dynamic ongoing assessment offering or substitution of traditional underwriting information to shorten the underwriting process. Come explore these different approaches as they affect the health and wellness industry. We will express the importance of a constantly changing data usage environment in order to better prepare insurers to maximize their data and drive health and wellness forward.

Description: You will be reminded how to spot and avoid statistical biases and fallacies that are common to health care actuarial data and problems. We plan to explain various statistical biases and fallacies and for each show one or two examples of how they might pop up in healthcare data and what strategies can be used to avoid/account for them. Likely topics include simpson's paradox, regression to the mean, base rate fallacy, sampling bias, survivor bias, Berkson's fallacy, and others.

Description: We welcome all genders to join us for this engaging and thought-provoking Women's Leadership Forum. This year's event will feature engaging presenters and interactive breakouts. More details to come! This forum begins with breakfast. It is open to all meeting attendees free of charge. If you plan to attend, please register in advance.

Description: As actuaries progress in our careers, making connections with others can become increasingly important. It’s not always obvious how to go about growing one’s professional community. Come learn how to gain insight into various effective techniques for networking for business. You will also see case studies and test out some of these techniques during this conversation.

Description: Meet the authors of and learn about the contributors to the newly published e-book "Design Your Future with the Competency Framework." Presenters will share their personal reflections, stories and words of wisdom to bring to life the eight professional and personal competencies in the SOA Competency Framework.

Description: The actuarial profession is changing rapidly and the skills needed to be successful are also changing. In this session, we will debate key topics and questions, such as: What is the predominant future career path for actuaries? Specialists or generalists? Does the actuarial profession have a meaningful value prop outside our core domains e.g. insurance? What skills are needed for the actuary of the future? What’s the best approach to improve actuarial storytelling to non-actuarial audiences? What’s the role of actuaries to managing and predicting emerging trends and assumptions? What is the role of actuaries in relation to development and ownership of advanced modeling? Is the future actuarial profession smaller/larger than it is today? In either case, how does it differ from today in terms of make-up, deployment, function, purpose, value add, etc.?

Description: The Leadership Lesson - A Successful Actuarial Career webcast introduces Ulrich Stengele, the chief actuary from Nationwide and Nathan Wilbanks and the director of Milliman to discuss their actuarial science experiences. If you want to learn the behaviors and characteristics of a successful actuary, as well as what's important to achieve early in your career, then join us for this exciting opportunity. Discover the best way to advocate for yourself and how to transform into a leader. There will be a chance for questions if you wish to ask about the advancement of your career in the actuarial science field.

Description: For years, the actuarial community has recognized the importance of diversity and its compelling business case. However, to be truly successful, insurers must also focus on equity and inclusion, while understanding the underlying reasons for diversity's impact on business and profits. Cultivating an inclusive culture is an ongoing process that requires a substantial investment of time and effort to sustain change. Discuss how to communicate the value of diversity, equity and inclusion throughout your actuarial department and your organization, while clearly connecting it to your company's specific business goals. Common challenges will be explored, as well as considerations for finding a DEI consultant, leveraging passionate employees, and building strategies for long-term success. Attendees will gain a better understanding of how to create a work environment that embraces interdependence and intersectionality, while encouraging equity and opportunity for all.