Description: Implementation of GAAP Targeted Improvements will impact data, reporting, resourcing and governance. This provides an ideal opportunity to rethink some of the data and reporting processes currently in place and how they can be improved to create effective and scalable solutions for the future. With the transition date already behind us for public companies and preparation in motion, we will share insights into how organizations have started to tackle implementing the GAAP Targeted Improvements. The presenters will share insights on data and process challenges and possible solutions, as well as a 'smart compliance' approach to comply with the most valuable aspects of compliance. Resourcing strategies for successful implementation will also be discussed.

Description: This discussion looks at the approach for applying electronic computers to the operating practices of a company.

Description: Panelists at this session of the SOA 2003 Washington, DC Spring Meeting cover the history, current status and future of Internet security. Topics discussed include firewalls, encryption software and how Internet networks are constructed.

Description: Panelists discuss using computer technology in the following ways: [1] computer programs [software] as communication tools, [2] using the Microsoft.NET product, and [3] ways to detect false claims. From the 2002 Record of Society of Actuaries, Volume 28, No. 2. Session 71PD of the San Francisco Spring Meeting.

Description: This session from the 1995 SOA Vancouver Meeting discusses systems management, how users have become involved in the development of systems and the formal systems development process. From the Record of the Society of Actuaries, Vol. 21, No. 3b.

Description: This session from the 1995 SOA New Orleans Meeting presents managing systems development. From the Record of the Society of Actuaries, Vol. 21, No. 1.

Description: 1993 SOA Annual Meeting, New York. This session is about Local Area Networks. Topics addressed: 1. Why are LANs growing in acceptance by organizations today? 2. What do they allow you to do, and how is the business case built to justify them? 3. Why are the human resources required to support LAN users always underestimated? 4. There are many successes in migrating from the mainframe to a personal computer PC/LAN what are the pitfalls to avoid?

Description: Data is an essential component of financial analysis. In this session, the presenters will discuss data governance/management framework and how it can be applied to US GAAP LDTI and VM-51 regulations. This session will also discuss the important relationship between actuaries and IT and how they can work together towards best practices for extracting, managing and using data needed for various actuarial models. Real life case studies relevant for valuation actuaries (e.g. data needs for LDTI and VM-51) will also be presented and examined, highlighting best practices as well as challenges and pitfalls for setting up and governing data processes along with areas for where good communication and strong relationships are important to success.

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 insurance industry is in a constant state of transformation. As organizations adapt to the effects of COVID-19, undergo modernization efforts and implement new technologies, soft or “human” skills are becoming key differentiators for success. Skills such as communication, empathy, storytelling, leadership, problem-solving and more are separating the good from the great actuaries. Those who possess these skillsets can better translate data and most efficiently leverage systems and teams. At the same time, by taking a human approach to modernization efforts, leaders will be able to best engage and motivate their workforces, while building teams that will excel in the future of work.