Description: After International Accounting Standards Board (“IASB”) issued International Financial Reporting Standard No. 17 – Insurance Contracts (“IFRS 17”), IASB received much feedback and suggestions for improvement. As a result, in early 2019, IASB made limited changes to IFRS 17. The presentation will briefly discuss the main contents and effects of those changes.

Description: Recent and pending changes in financial reporting standards and regulations such as IFRS 17 and US GAAP Targeted Improvements are ramping up the performance pressures on actuarial models. New infrastructure technology in the cloud is driving modeling options that may well help actuaries successfully and economically meet these challenges and unlock even greater transformational change.

Description: Feature article discussing the benefits of using spreadsheet controls.

Description: Feature article discussing the power of psychosocial data.

Description: Editorial for the October 2019 issue of CompAct describing the issue's contents.

Description: Feature article discussing model runs through in-force data compression.

Description: This session discussion is about the trends and proliferation, the impact, the horizon, genetic research, considerations for containing utilization of various procedures and technology. From Record of Society of Actuaries Vol. 17, No. 3.

Description: On July 17, FASB announced a deferral of the compliance deadline for the new Long Duration Targeted Improvements (LDTI) guidance: “a one year deferral for larger SEC filers and a two or three year deferral for all other entities.” This article highlights the opportunity for companies striving to comply to modernize in light of this deferral, and it provides a few specific suggestions to companies who pursue this path.

Description: This paper is from Transactions of Society of Actuaries 1955 Volume 7, Number 17. The author notes that recent advances in calculating equipment make possible producing graduations much more elaborate than any done previously. The paper confines itself to the problem of graduating a single column of rates, such as an ultimate column, using a Whittaker-Henderson B graduation of the fourth order. The author provides a detailed description of the process with significant mathematical theory.

Description: A discussion of techniques that can help manage model risk and complexity.