Description: With the persistent low interest rate environment, fast pace of regulatory changes and the size of insurers' back-books relative to new business, it is no surprise that insurers have become increasingly focused on their management of non-guaranteed elements ('NGE') for life and annuity business. Come explore the opportunities and challenges offered by NGE management, with consideration for market trends, regulation, the new ASOP 2 and emerging case law.

Description: The pension risk transfer (PRT) market has increasingly expanded to include the complexity of deferred participants who have additional options that do not exist for a retiree already receiving their benefit. Assumptions on the timing of benefit commencement and form of payment elected are highly dependent on specific pension plan provisions and the census population. These assumptions can have significant impact on the reserves and cash flows affecting not only the initial price but the future profitability of the deal and require a balance of both pension experience and annuity pricing. Learn about considerations for assumptions fit for purpose from pension actuaries working in the PRT market and who specialize in the assumption setting process for deferred lives.

Description: Take part in a practical and forward-looking discussion for long duration targeted improvements (LDTI) implications on financial planning and analysis (FP&A). This session will provide an update on emerging industry practices and considerations for reflecting LDTI in FP&A, including operational headwinds and new opportunities.

Description: The Society of Actuaries and LIMRA have sponsored a Variable Annuity Guaranteed Living Benefit Utilization Study.

Description: Assumptions have been a critical component of actuarial work since the rise of the profession hundreds of years ago. Without well-developed, credible assumptions, reliable financial projections are an impossibility. Yet in 2023, there is still a wide range of assumption processes and governance practices in place throughout the life industry. Follow assumption and governance experts from Oliver Wyman to dig deep into results from our 2023 assumption process and governance survey. Examine what we're seeing currently practiced throughout the industry and offer insights into what we're doing well, as well as where we have opportunities to improve. Explore topics, such as assumption governance frameworks, governance costs, development and review, approval processes, implementation and usage, monitoring, and challenges.Gain a better understanding of how your own assumption processes compare against others in the industry, and learn best practices that can be implemented to improve assumption processes.

Description: Report includes a special study of the mortality experience of retirements under contingent annuitant options in addition to the regular matured life study that has been presented in prior years.

Description: The Group Annuity Experience Committee performs biennial mortality studies of insurance company annuity experience under group pension contracts issued primarily in the United States. This report covers two biennial experience periods, 2003-2004 and 2005-2006.

Description: This report helps to identify key socioeconomic trends influencing the need and demand for the industry's products and services, and how these trends will influence marketing methods.

Description: Discusses valuation standards for payout annuities, and results of the a-1949 Mortality Table.

Description: This report gives the 1967 through 1971 mortality experience of twenty-one large life insurance companies under individual immediate annuities issued in the United States and Canada during the years 1931 through 1970, inclusive.