Description: In an age of accelerating transformation—technological, financial, and regulatory —reinsurance continues to be an important component of capital management strategy across the insurance industry. This is true in spite of, and sometimes because of, the evolving ecosystems of ceding companies and reinsurers. Direct writers and reinsurance carriers are coping with a number of critical challenges that are undermining growth potential and threatening profitability. Waning demand and increased capacity for traditional products have, in some instances, led companies to struggle to achieve traditional profit targets. An increase in commoditized pricing, internal expenses related to increased regulation, inefficiencies in internal infrastructure, and the sustained low interest rate environment are additional factors impacting the top and bottom lines of reinsurers and primary carriers alike. In this session we will explore these critical challenges and highlight prevailing practices that organizations are using to deal with the changing landscape.

Description: The International Association of Insurance Supervisors (IAIS) continues its development of the Insurance Capital Standard (ICS) with the introduction of ICS 1.0 in summer 2017 and plans for ICS 2.0 in 2019. This session will provide updates on the development of the standards and summarize insights from Field Testing and ICS Consultations. This session will deliver an overview of the framework and provide industry and regulatory perspectives on potential implications and next steps.

Description: This presentation is a panel discussion, session 94PD, from the 2000 Annual Meeting of the Society of Actuaries, held October 15-18 in Chicago. The panelists discuss behavioral finance, which incorporates psychological phenomena into models of financial markets. Noting that behavioral finance was originally deemed controversial, the panelists look at progress made to integrate behavioral finance into models of efficient markets. The presentation includes a case study on a product in Canada commonly known as guaranteed investment fund [GIF], a segregated fund product, with risks similar to GMDB variable annuities. Behavioral finance is also discussed from the perspective of complex adaptive systems, including nonactuarial applications of these systems, some existing actuarial applications, and some potential actuarial applications. Discussion from participants is included. From the Record of Society of Actuaries, Volume 26, No. 3.

Description: The last three decades have witnessed an important rise in number of people with diabetes in Asia, especially Type 2 Diabetes. Like no other common condition, numerous innovations are currently entering the healthcare system that will soon have a significant impact on management of the condition. This presentation explores the role played by sensors/wearables, artificial intelligence, new drugs and diabetes apps. We assess the realistic potential of such advancements and give an outlook on medium-term pricing and product development.

Description: The NAIC has adopted revisions on Actuarial Guidelines 43 and C3 Phase II for Variable Annuities ("NAIC VA Reform"), effective January 1, 2020. The panel of presenters will provide background and overview of the Reform, and discuss detailed aspects of the new CTE Amount, Standard Projection and Withdrawal Delay Cohort Method. The panelists will share implementation considerations and the Reform's implications to hedging.

Description: Investment opportunities are driven by events in the economy and how participants in the financial markets react to those events. This keynote address will highlight current economic themes and their impact on investment opportunities.

Description: Papers: Rotation of the Age Pattern of Mortality Improvements in European Union Member States – Peter Vekas Corvinus University of Budapest Short and Long Term Dynamics of Cause-specific Mortality Rates Using the Cointegration Analysis – Severine Arnold, Ph.D.; Viktoriya Glushko – University of Lausanne

Description: Are you 'dying' to learn about how the mortality data, submitted under the NAIC's Valuation Manual Experience Reporting Requirements (VM50 & VM51), is used? The SOA's Individual Life Experience Committee (ILEC) will describe the data validation 'experience' and explain on how the data eventually influences statutory valuation requirements. The presenters will also 'expose' attendees to the latest insights and observations in the data. Attend this session and learn how the SOA 'minds it's p's and q's' in individual life insurance. At the conclusion of the session, attendees will be able to: - Describe the various types of SOA research that have been performed on the data collected under VM50 and VM51 - Describe the database, released by the SOA, that is compiled from the data collected under VM50 and VM51 - Explain the importance of data quality in VM50 submissions - Identify how the data that is submitted under VM50 would be used to determine Principle-Based Reserving requirement

Description: The presenters will describe how the new IFRS 17 requirements will impact the profitability of ULSG products. This could have a significant impact for companies who will be reporting financials based on IFRS 17. The shift from US GAAP to IFRS 17 will likely increase the volatility in IFRS earnings, which may prompt companies to explore potential product changes.

Description: The presentation will outline the different possibilities insurance companies have to hedge their equity risk for the various products.