Description: The Society of Actuaries Research Institute's Aging and Retirement Strategic Research Program has conducted the Risks and Process of Retirement Survey biennially since 2001. The purpose of the survey is to evaluate Americans' awareness of potential financial risks in retirement, how this awareness impacts the management of their finances with respect to retirement, and how Americans are managing the process of leaving the workforce. Overall, the results of the survey provide a broad perspective of what survey respondents say are the risks faced by retirees and those nearing retirement across a wide range of retirement issues. This session will present the results of the 2024 survey, which include an in-depth exploration of specific topics, such as the role of family, issues in caregiving, impact of recent technology advancement, and inflation.

Description: This session will explore the mortality implications of reaching new markets, leveraging unique analysis that directly compares the mortality experience of the general populations and insured populations. Experts will explore how the industry can responsibility reduce the insurance gap, effectively employ digital data to assess new markets, and tackle the challenge with eyes wide open. At the conclusion of the session, attendees will be able to: •Understand differences in mortality experience between various populations – general, insured and uninsured •Articulate the challenges the industry may face in closing the insurance gap •Appreciate the role digital evidence can play in managing and accessing new marketing segments

Description: We will discuss how climate change risk represents radical uncertainty and the challenges this presents in integrating climate risk analysis and traditional investment risk analysis. The session will then explain and illustrate why deterministic, narrative-based, scenarios form a suitable basis for analyzing the potential impact of climate change on investment portfolios and strategies. At the conclusion of this session, attendees will understand deterministic and stochastic approaches to integrating climate risk with economic scenarios and how these can be applied in investment management. Attendees will also understand the challenges in creating a realistic integration of climate and economic scenarios.

Description: The US market sees hundreds of pension risk transfer (PRT) transactions close each year, with both publicly traded and private equity-backed insurance companies active in the space. This session would cover several topics involved in pricing a PRT deal, including assumption setting, reserve considerations, and the use of Strategic Asset Allocation (SAA) in PRT. The session would also include discussion of technologies, including SAA techniques, that can support rapid and timely pricing for these deals. Participants will gain insight into the PRT pricing framework, as well as a better understanding of the competitive and dynamic PRT market.

Description: This discussion will cover regulatory changes in the US and Bermuda insurance industry. A regulator will discuss the motivations behind these changes, how the industry has responded, and their outlook on insurance regulation in the coming years. An industry professional will then analyze the investment implications of regulatory changes and how insurers can adapt their investment strategies to take advantage of the new landscape. The discussion will provide insight into recent regulatory developments and their impact on insurer operations and investment opportunities.

Description: Over the past year, the life industry has seen the continued expansion of the Registered Index Linked Annuity (RILA) market. In this session we will take a deep dive into registered index linked products. We will explore common product features and mechanics, key risks, pricing, regulatory, and reserving considerations, and reasons why RILAs have been successful. We will also consider the potential impacts of the rising interest rate environment on product sales and design.

Description: The time has arrived for ASU 2018-12, otherwise known as Long-Duration Targeted Improvements (LDTI). For health insurance products, the ASU will require considerable efforts to make the necessary changes to valuation systems, procedures, assumptions, and/or methodologies in order to be in compliance. Learn about LDTI implications specific to carriers of long-term care and supplemental health products, including the impact of combining active life reserves and claim reserves in Liability for Future Policy Benefits (LFPB), changes to how attained age rated products will be approached, allocating and discounting the claim liability (IBNR), and how the treatment of Profits Followed by Losses (PFBL) will evolve under LDTI.

Description: Analyze financial risk and explore the foundation for pricing, valuation and other functions served by actuaries in the modeling profession during this webcast. Expect a focus on the importance of understanding and preventing bias. Observe the different types of bias, how it can enter into models, how to identify it in models and best avoidance practices. Join our presenter who is pursuing a Masters in Economic Analytics at Clemson University as he incorporates his recent economic research into the webcast material.

Description: IFRS 17 will be effective as of 1 Jan 2023 and provide opportunities as well as challenges to both Direct Writers and Reinsurers across the insurance industry. If the new framework is not fully understood, an implementation can elevate the risk of problems in financial reporting, product development, investment management and more. The transition to IFRS provides an opportunity for companies to optimize the financial position of the enterprise by implementing mitigating strategies to reduce the risks and challenges that IFRS brings to the table.

Description: Electronic Health Records are here to stay. Take a deep dive into the world of electronic health records and how the industry is poised to utilize this new form of digital medical data to transform the way policies are underwritten and ultimately, transforming the client experience. Listen to industry experts speak about what they are doing to use this data most effectively and how this ultimately develops into ground-breaking solutions for the industry.