Description: New Study Examines Fixed Indexed Annuity Contract Owner Behavior Society of Actuaries Research Institute and LIMRA Release Latest Experience Studies Pro Report

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

Description: Actuarial governance has become a standard industry practice over the past decade due to its strategic benefits; however, the quality of governance frameworks varies greatly throughout the industry due to different resource prioritization and risk cultures among insurers. Enterprises that invest in a strong actuarial governance framework can experience significant benefits, such as increased confidence in results, earlier indication of potential issues, better insights for management decision-making, and process efficiencies that can save insurers millions each year. They can also reduce the risk of costly material weaknesses.Governance frameworks come at a cost, however, as their design and implementation require enterprise-wide efforts and, frequently, external support. How should insurers balance the cost of actuarial governance with the benefits of increased efficiency and reduced risk?Explore the world of actuarial governance with a focus on model, assumption, and data governance. Learn more about case studies to quantify the potential costs and savings associated with actuarial governance. By attending this session, you will:•Be able to describe key aspects of actuarial governance frameworks. •Understand the costs of implementing actuarial governance as well as some of the risks associated with poor governance.

Description: This article examines the changes in U.S. regulatory reserve and risk-based capital requirements that will significantly impact the insurance industry and practicing actuaries. It summarizes activity related to principles-based reserves and risk-based capital initiatives during 2005.

Description: Delves into the impact of rising interest rates on annuity product management, with a focus on the challenges of disintermediation and implications to hedging. Learn about in-force management actions, best practices for managing annuities in a changing environment and associated risks. Explore how companies are revising their hedging strategies to adapt to shifting market conditions and regulatory framework changes. Gain a comprehensive understanding of the relation between rising interest rates and disintermediation, its financial and business impacts, and strategies for managing business and setting assumptions during periods of high disintermediation. Come away with practical strategies for optimizing returns, minimizing risks, and navigating the challenges and opportunities associated with annuity product management in the current interest rate environment.

Description: This report summarizes the results of a 2022 survey examining mortality improvement practices of life and annuity companies in the U.S. and Canada.

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

Description: The Life Meeting, is the result of combining the Life & Annuity Symposium (LAS) and the Valuation Actuarial Symposium (ValAct). The Life Meeting will offer sessions specific to pricing and valuation as well as sessions on emerging issues relevant to both groups. These common themes include InsurTech, diversity, accounting change and the current economic environment.

Description: Dive into the released enhancements of MIM-2021, including a run through of its purpose and evolution, during this webcast. The Mortality and Longevity Strategic Research Program plans to release these updates in October. You will leave this webcast with an understanding of how to create a mortality improvement scale using the necessary steps and tools. Learn how to use MIM-2021 through instruction and demonstration that will properly prepare you to utilize this tool. There will be time for questions where you can ask about the projection process or provide feedback.

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.