Description: Explore similarities between actuaries and data scientists as speakers share personal experiences on the importance of organizational structure. Attend the Actuary, Data Scientist, or Actuarial Data Scientist webcast to discover the effectiveness of partnering both of these career paths in a life insurance atmosphere. In addition to personal experiences, speakers will discuss several success stories where collaboration and connection became the key to driving innovation. Come learn about the progress these professions have caused in pricing and risk management.

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: 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.

Description: Actuarial governance has become a standard industry practice over the past decade due to its strategic benefits; however, the quality of governance frameworks varies greatly throughout the industry due to different resource prioritization and risk cultures among insurers. Enterprises that invest in a strong actuarial governance framework can experience significant benefits, such as increased confidence in results, earlier indication of potential issues, better insights for management decision-making, and process efficiencies that can save insurers millions each year. They can also reduce the risk of costly material weaknesses.Governance frameworks come at a cost, however, as their design and implementation require enterprise-wide efforts and, frequently, external support. How should insurers balance the cost of actuarial governance with the benefits of increased efficiency and reduced risk?Explore the world of actuarial governance with a focus on model, assumption, and data governance. Learn more about case studies to quantify the potential costs and savings associated with actuarial governance. By attending this session, you will:•Be able to describe key aspects of actuarial governance frameworks. •Understand the costs of implementing actuarial governance as well as some of the risks associated with poor governance.

Description: Life insurance has no shortage of issues and innovations impacting the day-to-day life of products, a product actuary and the life insurance process. Listen to a group of experts discuss the key topics faced when issuing and managing life products, including innovations, regulations, growth, opportunity and cautions pertaining to Term, whole life, and UL products. By attending the session, you will: Be able to identify trends in life products and processes, avoid pitfalls of product development through increased awareness of innovations and issues, and identify key developments that could impact life products.