Description: Insurance covering long-term care insurance is an insurance market with unmet needs. Long tailed liabilities and historical pricing challenges have left relatively few carriers selling into the market. Hybrid products, combining LTC benefits with familiar chassis offer an opportunity to merge and mitigate morbidity risks with conventional product risk life insurers already manage. Combination products have a long market history, but continue to evolve. Key recent developments to be discussed include: - Market participating (indexed or variable) products to replace flat inflation guarantees - Worksite/group markets with portable products to augment and shield retirement savings against catastrophic LTC events. - Renewed focus on joint products with appropriate features to balance risk and LTC benefits per premium dollar. Public and private cooperation to manage the risk pool and extend public funding to cover key coverage gaps. By attending the session, you will: - Be caught up with current trends in Life/LTC and Annuity/LTC product innovation. - Will hear where product experts think existing products can be improved, and possible ways to meet the needs of all stakeholders.

Description: In this video Dale Hall, Managing Director of Research at the Society of Actuaries Research Institute, discusses the recently published report on Informal Caregiving: Measuring the Cost and Reducing the Burdon. Highlighting the motivation behind the research and addressing the substantial costs and widespread impact of informal caregiving, Hall presents statistics indicating the prevalence and financial implications, emphasizing the disproportionate burden on women. He explores the potential negative effects on caregivers and their employers, especially in the context of evolving demographic trends and the influence of COVID-19. Contributors: Dale Hall FSA, MAAA, CFA, CERA , Rose Northon, Steven Siegel ASA MAAA, Jon Forster ASA MAAA

Description: In this video Robert Eaton, FSA MAAA Principal at Milliman goes over benefits, triggers for claims, coverage limits and structure, and ancillary benefits. He then talks about the evolution of LTC products into hybrid life products. Contributors: Robert Eaton, FSA MAAA Danica Turner, FSA, MAAA, CERA, Scott Allen, FSA MAAA Jon Forster, ASA MAAA

Description: This session will discuss: • What is social insurance and advantages of financing LTSS that way • Design decision points for an LTSS program • Existing examples of programs in the US and Abroad • Challenges and differences in pricing state-based LTSS financial reform.

Description: Explore the findings from the research paper recently released by Milliman and the SOA, highlighting the growing need for support of informal/family caregivers. We will discuss both quantitative and qualitative data that illustrates not only the cost and burgeoning need, but the mental/emotional stressors that come along with this work.

Description: Internal audit (IA) projects typically focus on evaluating the risks and operational effectiveness of a company’s technological, regulatory/compliance, and/or financial processes and procedures. Because LDTI and IFRS 17 compliance will require extensive rewiring of existing and possibly the implementation of new processes and procedures to comply with the new accounting requirements, IA will be critical in conducting the initial risk assessment of these changes, monitoring of the process changeover, and conducting a post-implementation validation after conversion. Explore many specific areas that will be impacted, highlight those aspects likely to be under the IA magnifying glass, and find out how you can best prepare your IA teams to understand the changes and expedite the testing timeframes of their audits. By attending the session, you will be able to: • Understand general IA testing approach and framework. • Identify and address the key processes and procedures likely to be impacted by accounting change. • Build a communication plan that tailors the level of detail of documentation to the intended audience. (e.g., Leadership and BOD) • Document decisions made and implemented with IA in mind.

Description: The time has arrived for ASU 2018-12, otherwise known as Long-Duration Targeted Improvements (LDTI). For health insurance products, the ASU will require considerable efforts to make the necessary changes to valuation systems, procedures, assumptions, and/or methodologies in order to be in compliance. This session is designed to cover LDTI implications specific to carriers of long-term care and supplemental health products, including changes to how attained age rated products will be approached, allocating and discounting the claim liability (IBNR), and how the treatment of Profits Followed by Losses (PFBL) will evolve under LDTI. By attending this session, you will be able to: • Understand LDTI’s key impacts on long-duration health insurance products. • Recognize the treatment of attained age rated products under LDTI. • Comprehend the requirements of allocating the claim liability to cohorts. • Grasp the requirements pertaining to the discounting of the claim liability. • Understand how PFBL will evolve under the new standard.

Description: We explore copay accumulators, copay maximizers, and various programs available in the commercial market. We discuss health plan, member, PBM, and pharmaceutical manufacturer implications, in the commercial market itself and other markets.

Description: Millions of aging Americans are challenged to prepare for uncertain health and financial setbacks in addition to cognitive impairment that impacts one-third of adults over age 85. Advanced planning can reduce the negative impact of impairment on personal finances, including financial exploitation, scams and fraud, and care and spending decisions that are not aligned with retirement goals. To address these issues, the SOA’s Aging and Retirement Strategic Research Program co-sponsored work on the Thinking Ahead Roadmap which was created by a team from the University of Minnesota and Stanford Center on Longevity. In this webinar, members of the research team will preview the Thinking Ahead Roadmap and the steps that people can take to help ensure their financial wishes are honored as they age. The presenters will discuss: 1. Advice on choosing the right financial advocate 2. Organizing financial information to pave the way for a smooth transition 3. Starting open and honest conversations about future money management 4. The importance of a financial power of attorney and how to obtain one 5. Shifting money management responsibilities when the time is right

Description: Dive into the challenges of practitioners working across components that make up the Risk Management infrastructure with a variety of health, life and P&C insurers in this panel discussion webcast. Panelists will highlight how these insurers operate with the data and tools available to them and the existing challenges in interactions with an organization's leadership. Be part of this webcast that delves into the interplay between first- and second-line defense and how high levels of independence and professionalism can be achieved in a fast-moving, multi-discipline cross functional ERM role.