Description: Back by popular demand, it is that time of year for this well-liked annual webcast. Get ready to hear from three expert speakers, who will be covering the latest considerations for the year's U.S. statutory financial reporting work. 2021 has proven to have been quite remarkable, providing many important topics to be discussed.

Description: Both under favorable and stressed conditions, companies heavily rely on reinsurance and the market has seen a number of major transactions enacted in this space over recent months. Reinsurance offers a wider variety of opportunities in order to manage stressed balance sheets and enhance return on capital, upon which insurers must continually reflect in order to capture all the potential value. For example, captive reinsurance, which offers expense or cost reduction advantages in addition to risk management and control, is becoming more widespread as more U.S. jurisdictions allow parents companies to benefit from these captive formations. Upon enacting a transaction, ensuring the implementation of effective reinsurance operations is crucial in order to avoid operational inefficiencies and monitor the transaction's performance. Understanding the potential opportunities and common pitfalls in reinsurance processes is vital for capturing the full value of reinsurance. By attending the session, you will: Explore all the options available where reinsurance can be leveraged to improve capital and tax position, as well as achieving the optimal balance of risk appetite and underwriting profit. Furthermore, the presentation will provide real life case studies on how innovation and operational excellence can improve earnings by reducing costs related to inefficiencies, reducing process timing, improving controls, and reducing reinsurance leakage.

Description: As the size of the life reinsurance market in Bermuda has grown to over half a trillion dollars at the end of 2021, more and more actuaries are getting involved with this 21 square mile North Atlantic island in one way or the other. Come explore a fundamental understanding of the Bermuda solvency framework and an overview of its upcoming changes.

Description: As we step out of a historical pandemic that put words like life expectancy and mortality rate on everyone's vocabulary, we suffer some measure of intellectual PTSD. This dark period magnifies our cognitive bias as we try to understand future mortality, a key variable both for life insurance and pension plans. Does our propensity to quantify and the attractiveness of new predictive modeling tools cloud our judgment? Check out a reflection framework and insights on scientific discoveries that will allow you to develop plausible scenarios that will enrich your thought process. The panelist will start by presenting what is new when we think about future mortality. We will then facilitate the generation of plausible scenarios by the audience and explain how we evaluate them. There will be no answers, but the relevance of your mortality questions will definitely improve.

Description: LDTI requires that reinsurance recoverables be recognized in a manner consistent with the liabilities of underlying direct contracts. Consider implications of multiple ceded reinsurance contracts (e.g., coinsurance and YRT on the same business) and how this impacts the calculation of the net premium ratio (NPR) and other related approximations. Explore different options when only some of the policies within a cohort are reinsured. Multiple interpretations of the components of the NPR formula exist. Two main approaches will be presented-standalone and integrated approach. Other considerations to be discussed include implications of closed-block reinsurance transactions at transition and subsequent to transition, contra-DAC, market risk benefits. Finally, explore the short-duration YRT approximation (1/2 Cx) compared to the long-duration calculation.

Description: 2021 Life Meeting - Session 8E: Insurance M&A Valuation Methodologies and Considerations 9.1.21 Recording

Description: Join us for the It Takes a Village: Insurance Product Development in the Digital webcast. Focuses will be directed toward a variety of disciplines within the actuarial science industry. We will also take a deep dive into UW, Technology Product and Marketing and Distribution. Don't miss the opportunity to bring digital insurance products to life and discover what the process of product evolution.

Description: Discover investing trends across the life and health industry as insurers seek to navigate rapidly changing rate and market environments. BlackRock will present results from its Peer Risk Study, which models industry holdings based on statutory filings at the CUSIP level. Through the Aladdin risk modeling software, expect a production of deep insights into insurer portfolio risk and return characteristics, as well as exploring how they have evolved. Keep an eye out for a partner to present on the evolution from their perspective. Start learning about what is happening on the asset side of the balance sheet across the industry.

Description: Cayman is a rapidly growing reinsurance domicile with several notable transactions executed in the past few years. We expect this trend to persist as (re)insurers will continue to explore more effective ways to manage their business. In this session, you will gain: - An overview of how the Cayman (re)insurance market has developed over recent years - An introduction to the Cayman regulatory framework - Key considerations for reinsurance structuring and pricing. Join a discussion at the close of the session on the outlook for the Cayman market. You will leave this session with an understanding of the Cayman (re)insurance market, the regulatory framework and key factors that impact reinsurance structuring and pricing.

Description: ClubVita Session Series Longevity trend risk still exists even for the largest portfolios. Explore the differences in longevity improvements between different populations, how to categorize subpopulations with different trend risk characteristics, and how to use this categorization to reduce longevity trend basis risk.