Description: This session guides actuaries through the key steps of building a principles-based valuation model for a life product, starting with a brief overview of key requirements in LDTI and VM-20. The focus is on practical steps: defining product specs, sourcing in-force data, gathering actuarial assumptions and incorporating economic scenarios. We'll walk through a simple term life example, prioritizing Day 1 essentials such as accurate cash flow projections and basic reserve calculations. Attendees will learn where to find critical inputs (e.g., IT for data, pricing teams for specs), how to structure a model and pitfalls to avoid. Participants will gain foundational skills to construct LDTI and VM-20 models, confidence in prioritizing model build phases and a clear starting point for sourcing inputs.

Description: Virtual - Session 8A: Diagnostics in Focus - Innovations, Challenges and Actuarial Perspectives

Description: Virtual - Session 4A: Data Science-Driven MA Product Design Strategies

Description: Session 10D: Medicare Advantage - Limit it or Use it to Replace Medicare + MedSupp?

Description: Session 9A: Medicaid Continuous Coverage Unwinding - A Risk Mitigation Case Study

Description: Navigating Ambiguity with Stakeholders and Clients

Description: Session 9G: AI and ASOPs - Re-examining Standards in Practice

Description: Session 7F: Hospital Global Budgets – What Does It Take?

Description: Session 7H: High Road Leadership

Description: Gross Domestic Product (GDP) has been our chosen metric for growth since the Great Depression, but expectations are for lower GDP growth going forward than we are accustomed to. Its two components, population and productivity, face headwinds—population from a declining birth rate and longevity, and productivity from increased climate events, energy costs, global conflict and raw materials shortages.