Description: Reunite with members and non-members in the China actuarial community to discuss recent topics and related issues in areas such as macroeconomic sharing, IFRS 17, product strategy, cross-border communication and discussion, and more. Advance your career through learning and networking opportunities, and share your experiences in the finance and insurance industries, as well as other fields related to actuarial science.

Description: Summary of recent surveys to life actuaries regarding assumptions surrounding policyholder behavior in the tail for universal life with secondary guarantees and minimum guarantees on variable annuities. This information is intended to examine and ultimately give guidance to actuaries on how to set policyholder assumptions in extreme scenarios.

Description: The speaker will share his insights into the hedging challenges faced by FIA and VA business in the current market environment.

Description: The speakers will discuss the replication of long-term options, including a discussion of issues such as liquidity, transaction costs, slippage, impact of policyholder behavior, and machine learning algorithms to improve hedge effectiveness.

Description: This paper is a literature review of available papers, publications, articles, and presentations on the topic of longevity risk.

Description: An exploration of drivers, cohorts and dynamics for policyholder behavior for VA and FIA based on industry experience data, including changes in recent years and the emergence of long-term data in key areas. We will also discuss critical elements to developing a sustainable and coherent framework to translate this complex experience data into assumption models.

Description: This paper shows the mortality element can be partially isolated allowing an exact annuity value to be readily obtained at any interest rate. From the Actuarial Research Clearing House 1979, Vol.2.

Description: An overview of the evolution of equity-based guarantees (e.g. VA, FIA, etc.) over the last few years and discussion the current lay of the land as it relates to the regulatory, issues, capital markets environment in which these products are offered.

Description: This paper describes a method for valuing a contingent or reversionary interest involving 2, 3, and 4 lives subject to federal tax. Tools are provided so that a person with little technical knowledge can make the determination. From Transactions of Society of Actuaries 1951, Vol. 3, No. 6.

Description: This paper sets out the basic principles of federal income taxation of annuity payments, together with the general rules for determining which of two possible methods must be used and the general formulas to be used. From Transactions of Society of Actuaries 1968, Vol. 20, Pt. 1, No. 58.