Description: Implementing the new data and system requirements related to LDTI bring a renewed focus on the partnership between actuarial and IT teams. This session will discuss common challenges encountered in the past couple of years of LDTI implementation and propose ways on how to ensure a strong partnership between actuarial and IT teams to implement the necessary changes for LDTI.

Description: 2021 ImpACT Conference - Session 2B: Interest Rates May Be Rising...Now What Do We Do? 10.25.21 Recording

Description: Economic Scenario Generator - Investment Section Web Series - Risk Neutral

Description: Necessity was the mother of invention last year in the life insurance industryas carriers rapidly implemented new underwriting programs to continue writing business in the face of logistical challenges and a global pandemic. In this session, the presenters will recap some of those challenges and the solutions carriers employed, then discuss how we can slow the pace and adopt a more proactive posture as we near the end of the pandemic. Cross-discipline perspectives will be shared on which pandemic solutions hold promise as lasting fixtures of our business along with key considerations to weigh when temporary accommodations become permanent paradigm shifts.

Description: State regulators and the American Academy of Actuaries will present on the latest developments for the future fixed annuity principle-based reserving framework. The presenters will provide an overview of the proposed methodology, as well as updates on regulatory discussions, field testing, the project timeline and outstanding framework elements yet to be determined. By the end of the session, attendees will understand what changes are being made to non-variable annuity reserves, details underlying existing proposals and the anticipated timing of such emerging changes. The session will meet the needs of actuaries focused on annuity reserve calculations, financial reporting and valuation.

Description: This report examines the use of a copula approach to build a predictive model to estimate the amount of economic capital a life insurance company needs to protect itself against an adverse movement in interest rates, mortality, and other risk drivers.

Description: After years of discussion and debate, PrinciplesBased Reserving (PBR) is finally a reality. Small insurance companies have a unique opportunity to decide between electing for the company-wide exemption or adopting the PBR methods. This article discusses the benefits and challenges of the options available to small insurers under VM-20 as well as best practices that have been found along the way.

Description: 2021 ImpACT Conference - Session 5D: Data Science: The New Frontier for Evaluating Digital UW Evidence 10.26.21 Recording

Description: After a sustained period of mortality improvement, U.S. population mortality improvement has stagnated in recent years. The presenters will discuss mortality improvement trends in the U.S. population and the causes of death contributing to these trends. U.S. population cause of death trends will be analyzed and compared to trends in the insured population. Mortality rates for major causes of death will be compared between the U.S. population and the insured population. In addition, assumption setting for both older age and later duration mortality as well as mortality improvement will be covered.

Description: Insurers are increasingly using advanced analytics to model expected outcomes. Two well-known examples in the life insurance industry are models for predicting policyholder behavior and to manage risk selection. The presenters will explore the various types of advanced analytics being considered in models and how the associated risks of these models can be incorporated into an enterprise's risk framework.