Description: Cayman is a rapidly growing reinsurance domicile with several notable transactions executed in the past few years. We expect this trend to persist as (re)insurers will continue to explore more effective ways to manage their business. In this session, you will gain: - An overview of how the Cayman (re)insurance market has developed over recent years - An introduction to the Cayman regulatory framework - Key considerations for reinsurance structuring and pricing. Join a discussion at the close of the session on the outlook for the Cayman market. You will leave this session with an understanding of the Cayman (re)insurance market, the regulatory framework and key factors that impact reinsurance structuring and pricing.

Description: Non-variable annuity principle-based reserving (PBR) VM-22 has a proposed effective date of January 1, 2026. The change in reserving standards may be impactful to annuity writers due to the transition from formulaic to principles-based reserves.

Description: Investigate the concept of value annuities and the potential cost-effective differences when compared to traditional annuities by attending this webcast. Value annuities are an alternative lifetime income solution where longevity and investment risks are born by a pool of annuitants rather than a centralized insurer. Join this webcast for a closer look at the practicalities of designing and administering a value pool. There will also be a focus on the legislative, regulator and supervisory implications.

Description: Learn about considerations and industry observed trends which cover different ways companies try to manage their inforce business in low and rapidly rising interest environments. You will explore M&A, block transaction, and offshore reinsurance solutions.

Description: This session will provide an overview of key considerations and takeaways from the economic scenario generator (GOES) and fixed/indexed annuity reserving (VM-22) field tests. Stylized facts from the new proposed scenario generator will be discussed and a comparison with the existing Academy's scenario generator will be presented. The Main guidelines from VM-22 will be contrasted and compared with CARVM and VM-21, and preliminary model results will be analyzed to understand impacts on pricing, reserving, income volatility, and reinsurance.

Description: The pension risk transfer market has increasingly expanded to include the complexity of deferred participants whom have additional optionality available to them that does not exist for a retiree already receiving their benefit. Assumptions on the timing of benefit commencement and form of payment elected are highly dependent on specific pension plan provisions and the census population. These assumptions can have significant impact on the reserves and cash flows affecting not only the initial price but the future profitability of the deal and require a balance of both pension experience and annuity pricing. Discover more about pension actuaries working in the PRT market and who specialize in the assumption setting process for deferred lives provide considerations for assumptions fit for purpose.

Description: 2022 was a year of radical change for the annuity market as interest rates increased off historic lows. The rapid growth of RILA products stalled as FIA and MYGA products gained market share. The impacts of the higher rate environment are continuing to be realized in experience, inforce management, product design and more. Come explore the retail annuity market with a focus on the impacts of higher interest rates. Session materials will draw on experience studies, sales results, product changes, and more to examine how higher interest rates have changed the annuity market.

Description: Who wants to be a Millionaire - Annuity + LTC edition! Through a series of increasingly challenging questions to our contestants, we will explore the depths of annuity + LTC products! Unlike annuity + LTC customers, in this gameshow there will be a winner and there will be a loser. Through the game show format, this session will explore emerging market trends and their drivers in annuity + LTC products, including long-run structural demographic and economic forces. The panelists will also review product design and assumption development considerations, contrasting annuity + LTC products with life + LTC products. We will challenge contestants on the compliance and regulatory issues in product development. Finally, we will provide a future outlook and areas for growth in this niche market. Attendees will understand the emerging product designs, risk profiles, and market potential for annuity + LTC products, and one attendee will win a million dollars*. (*monopoly money)

Description: 2023 was a year of continued change for the annuity market as interest rates stayed high. The rapid growth of RILA products stalled as FIA and MYGA products saw a significant increase in market share, with bonus products being extremely popular. The impact of ASOP 2 and the higher rate environment are continuing to be realized in experience, in-force management, product design and more. Learn more about the retail annuity market with a focus on the impacts of the current interest rate environment. Session materials will draw on experience studies, sales results, product changes, and more, which will examine how higher interest rates have altered the annuity market. At the conclusion of this session, you will understand recent trends in the annuity market, including emerging experience, new product designs, regulatory changes, and the impact of high interest rates.

Description: A lot is happening in the annuity industry. The presenters will provide an overview of key developments in annuities and their implications to product actuaries. They will discuss recent product and market trends in fixed, indexed and variable annuities. They will also explore emerging regulatory requirements affecting annuities, such as VM-22 and Best Interest rules, as well as how they may impact product development. - Learn about recent product and market trends in annuities - Be informed of key emerging regulatory developments affecting annuities - Understand how these developments may affect product development