Description: This is A Value-Based Longevity Index for Hedging Retirement Income Portfolios abstract authored by Jonathan Ziveyi, Kevin Krahe, Michael Sherris, Andres M Villegas for Session 1A of the January 13-15, 2020 Living to 100 Symposium in Orlando, Florida.

Description: This is A Value-Based Longevity Index for Hedging Retirement Income Portfolios paper authored by Jonathan Ziveyi, Kevin Krahe, Michael Sherris and Andres M Villegas for Session 1A of the January 13-15, 2020 Living to 100 Symposium in Orlando, Florida.

Description: This is the Quantification and Management of Longevity Risk in China paper authored by Johnny Li, Kenneth Q. Zhou and Wai-Sum Chan for Session 1A of the January 13-15, 2020 Living to 100 Symposium in Orlando, Florida.

Description: The Aging and Retirement Strategic Research Program is pleased to make available a report summarizing the research phase of a multi-phase project leading to publication of a Conversation Guide to plan for changes in financial capacity and decision-making.

Description: Summary in Simplified Chinese

Description: Report Summary in Simplified Chinese.

Description: Insurance companies are operating in a fast and ongoing technological and consumer transformation environment. Over the past decades, there have been tremendous advancements in technology and one of them is cloud computing

Description: There are early indications of a six year cycle in ACA markets reminiscent of the traditional underwriting cycle.

Description: Read the October 2020 issue of Health Watch published by the Health Section. Newsletters provided practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: Insurance companies are operating in a fast and ongoing technological and consumer transformation environment. Over the past decades, there have been tremendous advancements in technology and one of them is cloud computing

Description: View the Spring 2020 ERM-RET Model Solutions.

Description: View the Spring 2020 QFI PM Model Solutions.

Description: View the Spring 2020 ILA LFMC Model Solutions.

Description: View the Spring 2020 ERM-GC Model Solutions.

Description: View the Spring 2020 ERM-INV Model Solutions.

Description: View the Spring 2020 RET DAU Model Solutions.

Description: View the Spring 2020 ERM-ILA Model Solutions.

Description: View the Spring 2020 GI FREU Model Solutions.

Description: View the Spring 2020 ERM-GH Model Solutions.

Description: View the Spring 2020 ERM-GI Model Solutions.

Description: View the Spring 2020 RET RPIRM Model Solutions.

Description: View the Spring 2020 QFI QF Model Solutions.

Description: View the Spring 2020 RET DAC Model Solutions.

Description: View the Spring 2020 CFE SDM Model Solutions.

Description: View the Spring 2020 ILA LAM Model Solutions.

Description: View the Spring 2020 ILA LFMU Model Solutions.

Description: Theme 4 – Finance & IFRS 17 Presenter and Moderator Biographies

Description: View the ILA Sample CBT Questions and Solutions.

Description: These are the Discussant Comments by Sam Gutterman for the Trends in Life Expectancy and Lifespan Variation After Retirement Session 1B of the January 13-15, 2020 Living to 100 Symposium in Orlando, Florida.

Description: This is the Does Migration Result in Mortality Improvement: A Case Study in Taiwan paper authored by Chih-Kai Chang, Jack C. Yue and Yen-Wen Chen for Session 3B of the January 13-15, 2020 Living to 100 Symposium in Orlando, Florida.

Description: This is the first in a series of articles about accounting for reinsurance under GAAP Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI). It provides an introduction to the topic, giving an overview of what has and hasn't changed. Changes include a few that directly address reinsurance and others that indirectly result from changes to direct accounting and the existing ties between reinsurance and direct accounting.

Description: Read the September 2020 issue of The Financial Reporter published by the Financial Reporting Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: Read the September 2020 issue of Risks & Rewards published by the Investment Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: This article speculates on the presence and magnitude of the benefits attributable to regular rebalancing of one's investment portfolio. It surveys the extant literature, discusses certain implications, and presents conclusions.

Description: The objective of this paper is to discuss the factors that affect and should be considered in the development of social discount rates, with a primary focus on social cost-benefit analyses of climate change-related strategies, programs, and investments involving mitigation and ex-ante adaption efforts.

Description: The American Academy of Actuaries will present on current initiatives that impact the U.S. statutory reserving methodology for non-variable annuity contracts. In particular, the development of a principle-based reserving framework on non-variable annuity contracts will be discussed, including framework elements, assumptions, and methodology. The session will provide an update on the status of regulatory discussions and the timeline for future changes to reserves. By the end of the session, attendees will understand what changes are being made to non-variable annuity reserves, details underlying existing proposals, and the anticipated timing of such emerging changes. This session is intended to the meet the needs of actuaries focused on annuity reserve calculations, financial reporting, and valuation.

Description: With many complex regulatory changes on the horizon as well as pressures to ensure model accuracy from auditors, regulatory requirements and new actuarial standards of practice, the importance of robust model validation is coming to the forefront of actuaries’ minds. What was previously a day-two task for many companies is becoming just as important as model development! In this session, you will hear from those that have been deeply involved in building model validation frameworks and tools in responses to regulatory changes GAAP Long Duration Targeted Improvements (“LDTI”) and Principles Based Reserves (“PBR”).

Description: VA reserve and capital reforms are effective 1/1/20 and the first year of reporting under the new framework requires several key milestones for annuity valuation actuaries to achieve. Discuss key implementation issues, including the new standard projection, optionality around hedge treatment and taxation, discuss disclosure requirements as well as the PBR report requirements. Overall focus on decisions to be taken by a valuation actuary with respect to reporting under the new framework.

Description: Hear from companies & consultants that early adopted VM-21 for year-end 2019. Learn from their experiences in preparing for the significant additional work required for implementation - updating models, assumptions, documentation, etc. Hear about the NAIC review and feedback (if available).

Description: This session will have two sections: General consideration of IFRS17 implementation for VA writers and reinsurers A case study of IFRS17 implementation for a reinsurer The first section will go over VFA and GM approaches that are available for VA writers. Both approaches have their own challenges. We will highlight some of the challenges and how to approach/overcome them. Additionally, we will discuss how hedging/ALM can help smooth the transition. The second section will go over the details of implementation process of a VA reinsurer. The case study will explore valuation challenges unique to reinsurers assuming business that would otherwise be valued under the VFA. It will also go over some of the modeling difficulties, project management, and database requirement.

Description: The optional phase-in period for life principle-based reserves (PBR) has come to a close, and companies have put in the work to bring their PBR implementations across the finish line. With the mandatory PBR implementation deadline behind them, companies can turn their attention from compliance to model and process improvements. The presenters will outline lessons learned from PBR implementations and their applications to broader use cases, as well as resources that are available for PBR modelers. Discussion topics will include items such as: Model simplifications and validation Model run-time techniques Model scalability (e.g. adding new products / future assumption updates) Sensitivity testing Model projections Available PBR & other modeling resources (e.g. PBR practice note, ASOP 56)

Description: Read the August 2020 issue of Predictive Analytics and Futurism published by the Predictive Analytics and Futurism Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: Overview of the seven trends affecting the Actuarial profession .

Description: Actuaries can empower their understanding of policyholder behavior with third party data. Modeling policyholder behavior should start from developing knowledge of who they are, instead of actuaries assuming what a rational behavior should be.

Description: Fall 2020 Enterprise Risk Management Case Study

Description: View QFIPM Exam PM - Spring 2020

Description: View CFE SDM Exam AM - 2020 Spring

Description: View QFIQF Exam AM - Spring 2020

Description: View ERM RET Exam - Spring 2020

Description: View QFIQF Exam PM - Spring 2020

Description: View ERM Exam Case Study - Spring 2020

Description: This article will be focused on maximizing the reuse of code using features available within Moody’s Axis specifically targeted at using Formula Link.

Description: View the Candidates for 2020 Section Election - Modeling.

Description: View the Candidates for 2020 Section Election - Product Development .

Description: Read the July 2020 issue of Actuarial Technology Today published by the Technology Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: This report investigates the financial consequences of delaying CPP payments. The intent is to provide a quantitative basis to better inform the take-up decisions of Canadians for whom delaying CPP benefits might provide improved financial outcomes and greater retirement income security.

Description: The Society of Actuaries Smaller Insurance Company Section, the Financial Reporting Section, and the Committee on Life Insurance Research are pleased to make available new research investigating simplified methods for determining reserves under VM-20.

Description: View the CFE – Foundations of CFE Exam Study Note.

Description: This is the Demographic Perspectives on the Rise of Longevity paper authored by Marie-Pier Bergeron Boucher, James W. Vaupel and Francisco Villavicencio for Session 4A of the January 13-15, 2020 Living to 100 Symposium in Orlando, Florida.

Description: The COVID-19 pandemic has not simply changed the way we live. It has caused most of us—whether we want to or not—to reassess the way we think and feel about our world. Most in the general public have been looking to political and medical leaders to better understand the implications to health and wealth. Likewise, we as actuaries look to business leaders and key volunteers for their insights into the impact on our profession. We recently conducted a series of interviews with such leaders in the Canadian actuarial profession. This article addresses their insights into the evolving set of skills we need in this rapidly changing world.

Description: What does leadership look like within the actuarial industry, what are some variables, and what practical advice can we learn?

Description: The always popular Medicaid Hot Topics session is back with discussions from an expert panel on the most riveting Medicaid topics of the year. These could include the following: • Medicaid Fiscal Accountability Proposed Regulations• Tennessee's Block Grant Proposal• ACA court battles: What are the potential impacts on Medicaid? • Pass-through payments are converting to directed payments: What is changing?• And more current topics of interest to Medicaid actuariesMedicaid is dynamic and it is difficult to stay current on all of the changes. This session provides insightful discussion into the major changes that impact actuaries and their companies or state clients.

Description: Read the June 2020 issue of The Stepping Stone published by the Leadership & Development Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: Many new and innovative companies are leveraging technology to improve the effectiveness of the care provided to patients. They are employing better tools to identify patients who can benefit from specific programs that best meet the patient's need. They are also dramatically increasing the use of these programs by guiding plan members through the maze of offerings to match them with the programs that will be most beneficial to them. Employers are making these third party programs available to their members and Medicare Plans are using these new tools to identify emerging health risks for early intervention and more accurate risk scoring. This session will explore some examples of these programs, how they are being effectively integrated into the operations of health plans and how the results of these programs are being measured.The speakers will be:Raj Behal, MD, MPH,Chief Quality Officer, One Medical. Raj leads the quality and safety, value and innovation, and data science teams at One Medical. One Medical is changing the way primary care is delivered with a concierge approach with technology seamlessly woven into their offering. This includes booking appointments on line, virtual face to face care, accessible medical records and health reminders.Mylea Charval,Ph.D., CEO and Founder, Savonix. Savonix is a next generation cognitive assessment platform that brings clinical, evidence-based, and all mobile digital assessment of cognitive and emotional function. These capabilities are critical for early identification of the onset of dementia and for the proper risk assessment of seniors enrolled in Medicare Advantage Plans.Ed Cymerys, FSA, Advisor. Ed will serve as moderator. Over the last six years Ed has served as an advisor to a number of early stage technology companies looking to improve the way health benefits are being delivered.Dave Sotelo, FSA, MAAA, Actuarial Manager, Collective Health, Inc. Collective Health is an integrated solution that allows self-funded employers to administer their health plans, control costs, and take care of their people -- all in one place. They have effectively integrated more than 70 distinct third party solutions for self-funded employers and are rigorously assessing the impact of these programs