Description: There are four generations in the workplace today and each are different from one another. How do we recognize these differences, account for them in our daily interactions and adjust our expectations appropriately? This can make an impact on team effectiveness, employee recruitment, engagement, and retention within organizations. During this webcast, the presenter will explore how these generations can work together and learn from one another.

Description: 2021 ImpACT Conference - Session 4C: Technological Barbarians at the Gate: Learning from Upheaval in Other Industries 10.26.21 Recording

Description: 2021 ImpACT Conference - Session 12C: The Evolving Role of Actuaries in a Principles-Based World 10.29.21 Recording

Description: Innovation in technology has disrupted nearly every industry, creating mounting internal and external pressures on organizations to accelerate the adoption of their digital agendas. The COVID-19 pandemic further brought to light the need for tools and technology to be adaptable, powerful, and scalable. As the insurance industry leaps into the future, actuaries must not only proactively refine their roles and responsibilities within insurance organizations but also seek opportunities for improvements and optimization in their day-to-day work. Discuss a variety of opportunities to streamline, accelerate, and optimize actuarial processes by using modern technology. Cover a wide spectrum of actuarial solutions from automation of actuarial data transformation to actuarial reserve calculations and calibration of economic scenarios. By attending the session, you will: Be able to articulate how modern low-code/no-code technology can help actuaries automate, streamline and optimize processes in yourday to day work tohelp focus on higher value tasks.

Description: This session aims to address and provide mitigation strategies for the barriers to entry into the actuarial profession that traditionally underrepresented Black and Latine candidates face. The International Association of Black Actuaries (IABA) and the Organization of Latino Actuaries (OLA) will share both data and anecdotal findings from programs they have operated for students and career changers. These findings will inform strategies for the future as they share what has and hasn’t worked. Through identification of these obstacles and analysis of experiences in this effort, they share how fellow actuaries, both within these communities and allies, can help in promoting DEI efforts within our industry to reduce the gap in representation within the actuarial profession. By attending the session, you will:•Be able to identify the barriers to entry into the actuarial profession that Black and Latine candidates face,•Practice new strategies in your daily work, team development, and hiring practices to reduce the impact of these barriers,•Educate your peers on how to implement those strategies in your daily work, team development, and hiring practices.

Description: With more technology than ever to assist in communicating, the method of communication is only one hurdle to clear. Explore from various perspectives the changing dynamics of communications for actuaries. Hear from an actuary in a non-traditional role with remote team members on how to effectively (and ineffectively) create urgency and work toward a common goal. Listen to a consulting actuary discuss how to change communication style depending on the audience (external vs. internal, senior vs. junior, etc). Hear from an actuary navigating an insurance company in a remote environment where information can be disjointed between in office and remote employees. Uncover stories of what has gone well and what has not.

Description: The key to influencing others is cultivating strong relationships. While maintaining authenticity, mutual respect and integrity, it is worthwhile to develop contacts, associations and affiliations that benefit your work, organization and career growth. Explore how to create influential relationships with three different entities, including your direct reports, peer group and boss. Learn how other leaders have used influencing skills to gain success and improve their organizations.

Description: Investigate the importance of collaboration with accounting, underwriting, sales, marketing and other professions as an actuary when you attend this webcast. Cross-functional positions can cause unique challenges to arise, like various experts attempting to balance growth and profitability. Discover an opportunity to learn about relevant ASOPs and dive deeper into contemporary examples that highlight specific professionalism issues that can develop.

Description: Further explore the pipeline of large claims approaching in the future in this webcast. Some of these upcoming claims include Cell and Gene Therapies, as well as high medical costs. In order to prepare for the multitude of claims, this session provides the insurance industry with an overview of what these large claims consist of. You can also expect important recommendations on how to properly prepare for them to succeed in this market.

Description: The ASU 2018-12 guidance, otherwise known as long-duration targeted improvements (LDTI), establishes a significant new category of benefit features called market risk benefits (MRB) that protect the contractholder from other-than-nominal capital market risk and expose the insurer to that risk. Insurers will have to measure market risk benefits at fair value. There are a few examples of MRB, Including the most common one— MGxBs on variable and indexed annuities. This change may bring significant volatility to earnings of these GMxB policies that are currently valued under the insurance accrual model (such as SOP 03-1). How to analyze the changes in volatility in MRBs became the natual question for many companies that haven't been valuing them on fair value basis. Besides the GMxBs, have you wondered when or if the guaranteed annuitization options offered by your company have other-than-norminal risk? By attending the session, you will: · Understand different types of MRBs. · Learn about ways to analyze the changes in volatility in MRBs from SOP 03-1. · Understand the accounting of MRB change for a contract under reinsurance going through spread and liability assumption updates. · Understand when the guaranteed annuitization options become MRB and how to evaluate that.