Description: From a session at the annual meeting of the Society of Actuaries held in Chicago, Illinois, October 15-18, 2000 Discussion of the Gramm-Leach-Bliley Financial Services Modernization Act - HR-10.

Description: In this presentation made at the 1975 Society of Actuaries annual meeting, the speaker addresses the concept of actuaries as futurists, simply by being actuaries. The speaker then defines a futurist as “very simply, the executive who takes the future environment seriously. Most of us let the urgent affairs of today drive out the important affairs of tomorrow. By ‘environment’ I mean the social, technological, economic, and political environment.” The presentation goes on emphasize that the futurist must overcome shortsightedness and tunnel vision.

Description: While there are many approaches currently being taken to transform health care, to be successful, we know that leading and planning for quality improvement is a science. Data is the common denominator as healthcare organizations establish best-practices, and ultimately overcome unintended variation through strong analytic systems. Health care leaders require specialized data analysis education and training to hone their skills in understanding and managing clinical variation. The problem with unexplained variation in healthcare is that it negatively impacts clinical outcomes, increases the cost of care, and diminishes value for patients. In this session, Dr. Ted James (BIDMC and Harvard Medical School Faculty) will explain how actuaries can offer practical solutions that provide insights into variations in clinical practice that cannot be explained by differences in medical conditions or patient preferences.

Description: Whether focused on mortality, longevity, health or disability risks, biometric uncertainty is the foundation of our work. With a long history of processes and methods for analyzing biometric considerations, we run the risk of becoming stagnant in our thinking about the subject. The presenters will explore how companies can stay ahead of the curve in an environment of ever-changing medical and biometric influencers. They'll dig into cause of death trends, the obesity epidemic, genetic testing, wearables, other wellness tools and more. The presenters will also address the impact of changing risk assessment methods through predictive underwriting. This session is for anyone interested in staying at the forefront of biometric risk.

Description: Discussion from a marketing perspective of life insurance product development arising from such topics as: the effect of Economic Recovery Tax Act of 1981 on estate and gift tax planning, and on IRA and Keogh plans, an update on retired life reserves, and the types of sales presentations and marketing methods used to illustrate the operation and tax effect of these products.

Description: The objective of this presentation was to evaluate the different pricing techniques as to their effectiveness in capturing and quantifying the varied risks associated with the sale and administration of life insurance and annuity products. The results of a 2002 company survey about pricing were presented in support of this objective.

Description: Discussion of recent economic, social and political environment and trends and the impact they have had on insurance regulation and needed changes in the regulations and regulatory process.

Description: The session will feature case study discussion of how insurers can improve their model architecture and data visualization to prepare for the increasing demands of the future. Actuarial data and analysis has long been limited by the complexity and diversity of historical systems. External pressure on insurers is higher than ever before, as new requirements take effect under PBR, GAAP Targeted Improvements, and IFRS17.

Description: The implementation and execution of IFRS17 requires the insurance industry to re-define the skill set matrix of Actuary, Accountant and IT practitioner. Professionals with the ability to, 1. understand the business context of IFRS17, 2. gain insight from complex actuarial & accounting & data system 3. communicate technical content in a compelling way, will be the key players of the future Finance function of the insurance industry. They will also become the foundation of the new formations of IFRS17 delivery team containing hybrid or cross functional capabilities. This presentation will discuss: 1. the new skills, ranging from account posting to data governing, required by actuaries to stay relevant in a digitalized Finance function under the IFRS17 world 2. the actuarial related roles available within an E2E IFRS17 reporting process 3. the potential formation of the IFRS17 reporting team