Description: While most actuaries work for companies and have as a primary objective the financial success of their employers, regulatory actuaries primarily serve the public interest. In part one of this presentation, we will explore the role of actuaries whose priority is to serve the public interest. Regulation is developed by a deliberative process that includes regulators, the American Academy of Actuaries, trade associations and the companies that will be affected by the regulation. In part two of this session, we will present a series of vignettes each focusing on recent updates to the Valuation Manual. At the conclusion of the session, attendees will have a deeper appreciation of what goes on behind the scenes in the development of regulation.

Description: This call for essays seeks to expand and complement the topic areas generated by the recently closed 2020 Living to 100 call for research papers (CFP). While many quality ideas were submitted, the CFP failed to generate many papers focusing on recent old age mortality and mortality improvement trends, and social issues on aging populations. With this in mind, the Society of Actuaries Committee on Living to 100 Research Symposia is issuing this call for essays to gather data, thoughts and opinions on these subject areas: • Recent trends in old age mortality and mortality improvement • How will society care for the elderly in the future and how does it differ from today? • How does society benefit from the elderly currently and how will it change in the future?

Description: View the 2019 Board Member Candidate page for Gregory G. Fann for the 2019 SOA Elections.

Description: The collective investment in transforming the life insurance proposition exceeds anything seen in the last thirty years — a working lifetime. As one would expect, reinsurers are playing a major role. The past five years have seen global reinsurers raise the bar on client experience to new levels, while also investing, expanding and re-organizing to support the transformation of the primary insurance industry, and in so doing also their own.

Description: Recently, actuaries have become more involved in formulary decisions due to high and variable pharmacy cost and utilization trends. How can actuaries and pharmaceutical manufacturers work together to better predict the market while covering key drugs? What discussions are currently taking place between manufacturers and payers? Is there value in these discussions that actuaries are missing? This presentation will provide both actuarial and manufacturer perspectives in order to create a mutual understanding that will begin to direct future conversations to benefit both stakeholders.

Description: A divisive confrontation over health care pricing is almost inevitable over the next few years. What will ultimately happen is a political decision, not an actuarial one—but it will have major consequences for the trend in health care costs and the divergence between public and private insurance premiums.

Description: Column from the SOA staff actuary for the Long-Term Care Section.

Description: This article discusses the expansion of benefits supporting long-term care services in Medicare Advantage plans

Description: View the Candidate Questionnaire for Janet E. Duncan for the 2019 SOA Elections.

Description: Feature article discussing combination products.