Description: While European insurers are subject to Solvency II and some Asian insurers adopted IAIS ICS, Bermuda enhanced its BSCR capital framework on 3/31/2024 and Japan has customized IAIS ICS to create Economic Value-Based Solvency Ratio (“ESR”). ESR will replace the existing capital framework from 3/31/2026. The ESR implementation brings significant changes to life insurers in Japan as it did to European insurers at the time of the Solvency II implementation. This session will discuss the background of the ESR framework, under which Japanese life insurers will be subject to increased governance, supervision will be also enhanced, and provide key comparisons to IAIC ICS and BSCR. Panels will also discuss potential implications to business such as strategy, risk management, and reinsurance for the viewpoints of Japanese life insurer with US and/or Bermuda subsidiaries.

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: 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.

Description: This session will discuss latest pricing hot topics for life and annuity products. It will cover latest trends on accelerated underwriting and predictive modeling followed by a discussion around emerging regulation and impacts to annuity pricing.

Description: Hosted by SCOR, this professional development series, including lunch and presentation, focuses on women in the workplace. All are welcome to attend.

Description: As advanced analytics and big data continue to evolve and modernization projects accelerate, the role of the actuary is transforming in scope and demand. The ability to assemble, lead or participate on enterprise-wide project teams is key to remaining relevant and impactful and will require more than just technical abilities. Soft skills such as agility, empathy, communication, influence, critical thinking and creativity are essential for building effective and diverse teams that can produce innovative solutions and gain stakeholder buy-in. In this workshop, you will learn how to take an intentional people-first approach, identifying both the technical and soft skills needed for success, while considering a project's broader impact. Through hands-on activities, you will uncover how to leverage soft skills and elevate performance at all levels to remain competitive in a continually changing environment. By attending this session, you will be able to: · Examine the actuarial talent transformation and its impact. · Identify the soft skills and business acumen necessary for effective leadership and successful project teams. · Elevate a team’s performance, whether as a leader or contributor, by leveraging the unique perspectives of diverse teammates. · Explore how to take a people-focused approach to projects, keeping key stakeholders top of mind.

Description: Hear from three actuaries on their experiences working remotely in 2020 and beyond. Each participant will have a distinct viewpoint on remote work based on their situation, including: Liz Dietrich, who led her Prudential team through the initial shift to remote work during the pandemic and will address the team’s next steps. Amanda Hug, who joined Willis Towers Watson during the pandemic by interviewing remotely and then learned to integrate into the corporate culture the same way. Vincent Xuan, who will provide insight around how his team at Equitable adapted to remote work. During this webcast, the panel will share: Their perspectives based on their unique situations Best practices and leadership tips for managing teams and workloads remotely Thoughts on how we did as an industry with the shift to remote work Leadership skills that are critical for moving forward in a hybrid (remote and in-person) world