Description: Given the rise in interest rates during 2022, explore the implications of increasing rates on FA and FIA business by looking at industry experience for FA and FIA products for 2022 compared to earlier years. Additionally, come walk through partial withdrawals, GLWB utilization, mortality and what to expect as interest rate volatility continues. You'll also discover how direct writers and reinsurers are handing the in-force management aspects of these products in the uncertain and volatile economic periods. Key learning outcomes include: - Understand the impact of rising rates on dynamic lapse for FA and FIA products - Explanation ofin-force management actions that are being taken in the current interest rate environment - Be informed of current trends in GLWB utilization

Description: Hear diverse perspectives from both a reinsurer and carrier on how to best structure financial reinsurance transactions. Join us as we consider various ceding company objectives as well as impacts from the dynamic economic and regulatory environment. By attending this session, you will be able to: - Better understand common reinsurance transactions - Evaluate whether reinsurance transactions can help you meet your company's objectives and challenges - Gain an appreciation for the ever-changing economic and regulatory environment

Description: For insurers to preserve and create value, they must understand their exposure to carbon and climate risks and develop decarbonization strategies. Transition plans facilitate this by encouraging organizational thinking and disclosure to the market. 2023 is a crucial year for progress on these initiatives amid evolving regulatory expectations. This session will provide an overview of the transition planning process, value creation and drivers identification, and how to incorporate these into transition and resiliency strategies. As part of climate risk mitigation strategies during transition and beyond, we will present a data and technology framework for insurers to more effectively manage climate risk. In particular, we will discuss dynamic climate risk management (DCRM) solutions which use data and technology to inform adaptation and resilience. Emerging technologies such as AI, IoT, and blockchain can also help insurers manage risks related to climate change more effectively. By attending the session, attendees will learn how to develop transition plans, adopt DCRM solutions and leverage emerging technologies to build resilience against the challenges caused by climate change.

Description: "Over the past few years, there have been significant changes in the indexed and variable universal life insurance market. These changes have been driven by a variety of factors, including advancements in technology, changes in consumer preferences and shifts in the regulatory environment. Join us as we discuss some of the most important recent changes in the universal life insurance market, specifically: - Advances in underwriting: With the help of big data analytics and artificial intelligence, underwriting has become more efficient with minimal loss in accuracy. - Changes in product design and evolving markets: Over the past few years, there have been several notable product trends. Hear panelists discuss some shared aspects of these product launches and updates, spanning both retail and institutional markets. - The impact of changing interest rates: Many insurance companies have had to adjust their pricing and product offerings in response to the dynamic economic environment. Panelists will discuss how interest rates and volatility have impacted the universal life market and what insurers are doing to adapt and prepare for further changes. - Regulatory changes: Finally, our conversation will turn toward some of the most important recent regulatory changes that have impacted the universal life insurance market, including revisions to Actuarial Guideline 49A (AG49A), Long Duration Targeting Improvement (LDTI) accounting standards and other regulatory initiatives. Learning Outcome: You will better understand the trends and drivers of product changes in this core life insurance market. TRACK: Pricing/ Product Development (Underwriting, ULSG, Etc.)"

Description: Join our expert panel of three influential actuaries with diverse backgrounds for a dynamic seminar on mastering trust-building strategies that will transform your personal and professional life. In today's rapidly changing business landscape, trust has become more crucial than ever before, affecting everything from relationship-building to team dynamics and organizational culture. You'll leave ready to elevate your leadership impact and influence, both in and out of the office.

Description: How can we maintain our sanity while staring at the same screen all day, clicking into and bouncing out of meetings? To be successful in today's (remote) world, we must learn how to relate to individuals virtually. Topics include: How can we best establish a professional and dynamic presence while working remotely? How can we develop rapport with our virtual colleagues as well as with those working in the office? What is considered to be appropriate etiquette when interacting with a co-worker via a computer screen? How can we effectively collaborate while working from home? What is the best way to present to senior management without the ability to be in the room to read their body language? Hear from a panel of actuaries discuss their perspectives and lessons learned over the last few years on how to optimize our communication effectiveness in the virtual work environment.

Description: How can we maintain our sanity while staring at the same screen all day, clicking into and bouncing out of meetings? To be successful in today's (remote) world, we must learn how to relate to individuals virtually. Join us for this 'Choose Your Own (Virtual) Adventure' session during which the webinar attendees will direct the subtopics to be addressed by the remote panelists (i.e., polling will be enabled in real time during the session). You will participate in topics based on the audience vote, some of which include: How can we best establish a professional and dynamic presence while working remotely? How can we develop and maintain solid rapport with our virtual colleagues as well as with those working in the office? What is considered to be appropriate etiquette when interacting with a co-worker via a computer screen? How can we effectively collaborate on technical and non-technical content while working from home? What is the best way to present to senior management without the ability to be in the room to read their body language? Hear from a panel of actuaries discuss their perspectives and lessons learned over the last few years on how to optimize our communication effectiveness in the virtual work environment.

Description: ALM and hedging can reap significant benefits from innovation in computation and operations research. Explore applications of static and dynamic optimization in two different ALM and hedging use cases. Insurers are increasingly moving offshore by establishing Bermuda captive reinsurers. In calculating the Bermuda Best Estimate Liability ('BEL'), reinsurers will need to segment assets to support liabilities in each treaty. A Linear Programming ('LP') problem can be formulated to tactically select assets in a way that minimizes the BEL and consequently the total asset requirement. Learn more about what US Variable Annuity Insurers face with the regulatory requirement to reflect 'future hedging strategy' in their statutory funding calculation. The traditional numerical method of finding the optimal hedging target and then allocating assets may encounter the curse of dimensionality with expanding product and economic environment complexity. A Reinforcement Learning algorithm may well fit this problem and provide insurers a solution for dynamic hedging.

Description: The industry sees extreme value in predictive modeling and its ability to help us meet customer demands and remain profitable, but do customers and regulators look at this as a favorable addition to our process? Hear from a dynamic panel of industry experts who will tackle a variety of issues and questions from the state of the regulatory environment to the responsibilities of the carrier.

Description: As accelerated underwriting continues to evolve, it is a delicate balance to ensure these programs are managed effectively for both short- and long-term results. And there's debate about whether these programs are getting too aggressive. Join panelists as they share their viewpoints on the state of accelerated underwriting, the data sources, models, tools and techniques commonly used, how the landscape is destined to change with more dynamic approaches in underwriting, and how best to monitor these programs, and the impacts of these programs to carriers and the industry as a whole.

Description: The old adage 'insurance is sold not bought' has been used to dismiss digital insurance and support the old agent model of distribution. However, modern distribution systems address this with personalization. This is not simply a customized application form based on age or gender. Personalization is much more dynamic and happens in real-time. It's about tailoring the end-to-end experience to meet the needs and expectations of the specific applicant. The core tools to achieve this are AI learning and nudges from behavioral science.

Description: Learn what the Julia of the Julia-Python-R combination JuPyteR notebooks are named after! Julia is a programming language with several modern features to make actuaries' lives easier. It is highly capable for many tasks, whether you use it for modeling, data science, communicating results through interactive notebooks, or creating high-quality visualizations. It is a dynamic, interactive language that enables very fast computation while being as easy to learn and write as Python. Discover more about the programming language already used by the Federal Reserve, large banks, NASA, and many other industries. Julia Dive into an interactive walkthrough of the Julia ecosystem and how Julia is gaining adoption within the insurance space, while also using a range of open-source actuarial packages. You will explore how to elevate your analysis across different dimensions and distillg simpler ways to compose your actuarial models and analysis.

Description: Discover how to reacquaint professionalism with the actuarial science profession in this 75-minute webcast focused on the provision of dynamic standards that evolve with products and regulations. Listeners will learn about the future challenges in their ongoing work that professionalism skills will assist with. For actuaries in the US and Canada, come define ASOPS and professionalism entering 2023. This webcast will be interactive, providing several case studies with real life ethical issues where the audience will vote and discuss the appropriate course of action.

Description: With long duration targeted improvements in the U.S., and IFRS 17 in other countries, the insurance industry is currently undergoing the adoption of two of the most significant accounting changes in recent history. While the scale of these specific events are infrequent, change is the norm in the world of insurance and life of an actuary. We live in a dynamic environment that will continue to bring challenges in how companies make decisions in order maximize their value and return on capital. Capital management requires an ability for insurance companies to take corporate actions and understand the impact this will have on both the current and future available capital. Being able to make optimal decisions when the goal posts are subject to frequent and material shifts in accounting regulation is a difficult process. It requires holistic consideration of all tools available to manage capital and how KPIs can shift in their measurement under new regimes. By attending the session, you will: Discuss the challenges that companies have in managing capital in an ever evolving environment, what steps they have taken in managing the current scope of accounting change, and how they can be prepared for adjustments in the future.

Description: Oliver Wyman will share results from their recent Fixed and Index Annuity experience studies. Discuss fixed annuity dynamic lapse experience and learn about cross impacts of mortality and lapse on GLWB utilization. By attending the session, you will: - Understandg industry experience trends. - Comprehendindustry dynamic lapse experience for fixed and index annuity products. - Learn about areas of cross impacts of mortality, lapses and GLWB utilization.

Description: Discuss policyholder behaviors that evolve throughout the life cycle of a typical VA annuitant, with supporting data from industry-level experience studies during this interaction session. The following behavior assumptions and their implication under accounting/regulatory requirements will be covered: - Separate account/fixed account allocation and transfers - Deposits - Surrenders - Withdrawals - Income utilization - Mortality By attending the session, you will: - Identify policyholder behaviors that would transform at different stages of life cycle. - Understand key aspects of industry-level policyholder behavior experience. - Form a dynamic view in the assumption setting.

Description: Join us for the Pandemics & Paradigm Shifts: ERM in an Intensely Dynamic World panel discussion, where industry and regulatory perspectives will help provide insight into a number of topics. Expect interactive dialogue opportunities based on the conversation between the panelists and the audience. Key topics that will be conversed about, but the panel is not limited to, include a brief review of historical paradigm shifts and subsequent insurer failures, best practices and an outlook on the ultra-dynamic world of today and consideration of a company's enterprise risk management framework as it affects ratings and insurance department examinations.

Description: Discover the rapidly developing health and wellness industry during the Use of Health and Wellness Data in L&H Risk Assessment webcast. Our discussion includes the maximization of data usage through several different means, including current risk selection, creation of a dynamic ongoing assessment offering or substitution of traditional underwriting information to shorten the underwriting process. Come explore these different approaches as they affect the health and wellness industry. We will express the importance of a constantly changing data usage environment in order to better prepare insurers to maximize their data and drive health and wellness forward.

Description: 1332 State Innovation Waivers have been in place for a number of years and allow states to implement programs that increase access and affordability of health care coverage. While nearly all waiver programs in effect in 2021 employ a reinsurance program, a number of states have been exploring other ways to structure a waiver program, including an introduction of a public plan option in ACA individual market. A public option plan aims to further increase access to coverage and affordability by offering a new qualified health plan, typically with a lower premium relative to existing plans. Wakely looked at states where a new issuer entered a market as a low cost plan, to better understand plan enrollment migration (how many members switch to the low cost carrier), competitors’ reactions, and the reduction in premium needed to incentivize members to take up coverage. This market dynamic closely mimics the effect of a public option plan that offers lower premiums. The analysis showed mixed effects of a low cost plan introduction in ACA markets, with minimal impact on the uninsured, but with improved affordability, particularly for the unsubsidized. Find out more about detailed observations from this analysis. After the session, you will be able to: •Understand the implications lower cost/public option plans have on market enrollment (subsidized and unsubsidized), number of uninsured, plan metal mix changes, premiums (gross and net of subsidies), and issuers’ profitability in the individual market. •Discuss considerations around introducing new lost cost plans, whether in the form of new commercial carriers or a public option plan, to an area.

Description: This session will present results of the most recent SOA/LIMRA studies of variable and fixed-indexed annuity policyholder behavior including withdrawal behavior, guaranteed living benefit elections and surrender activity. Conducted annually since 2006, a discussion on the results of these studies show how they have changed over time, as well as areas where the analysis will need to change or expand. After that, the presenters will focus on dynamic lapse for hot money businesses, which is an important topic for fixed deferred annuity. Key takeaways from this area will include an understanding how to differentiate between hot money and warm money, the different formulas used in the industry, and how to adjust an asset portfolio to protect against the risks associated with hot money businesses.