Description: The tape has finally been broken on live reporting with International Financial Reporting Standard 17 (IFRS 17). The insurance industry across much of the world now pivots focus from implementation efforts to assessing disclosed impacts of the new global standard. During this session, the presenters will explore how equity positions are changing for companies after adopting IFRS 17, particularly given the recent interest rate environment.

Description: Take part in a practical and forward-looking discussion for long duration targeted improvements (LDTI) implications on financial planning and analysis (FP&A). This session will provide an update on emerging industry practices and considerations for reflecting LDTI in FP&A, including operational headwinds and new opportunities.

Description: The Society of Actuaries Retirement Section Research Committee sponsored a research project on the impact of megatrends and paradigm shifts on retirement, retirement plan design and funding. Various aspects - sociocultural, economic, technological, health and long-term care, environmental - were examined to provide a context of the future of retirement plans and consider some possible areas for change. Join us for interactive table discussions as together we explore major areas of change, consider what they mean to various stakeholders, and propose various alternatives for employer-sponsored plans, individuals with or without plans and society in general. Tables will take turns sharing their thoughts with all session attendees and help give the SOA direction for future efforts. This is a great opportunity for your voice to be heard and let us know what YOU think will be the future of retirement!

Description: Actuaries too often get pulled into data management activities, taking them away from the analysis work they enjoy and were hired to do. Without a good relationship between actuaries and IT, this can persist even at companies that have been through finance transformations. Gain insight as we focus on the important relationship between actuaries and IT, and how they can work together on best practices for extracting, managing and using the policy data needed for actuarial models. Join our discussion on a variety of data governance and control practices used when extracting policy data from administration systems. Actuaries and IT must work together to create clear data dictionaries that fully document all steps taken as policy data runs through the exchange, transform and load (ETL) processes prior to being used in actuarial models.

Description: This session will discuss two important dimensions of why a holistic approach is recommended over a piecemeal, nonintegrated approach for an IFRS 17 modeling solution. Attendees will receive three perspectives from actuaries working as actuarial consultants or within an insurance company or as a software developer. The first dimension is model design. The session will demonstrate holistic model design advantages with regards to model inputs, model outputs, liability portfolio management, modeling efficiency, and transparency. The second dimension represents organizational impacts resulting from the model design.

Description: For over a decade, the low interest rate environment in the U.S. has shaped the life insurance industry. Challenges in finding reasonable yields on investment-grade assets have defined insurer decisions on product designs and business mix. Now, we see a material shift in the interest rate environment, with the 10-year U.S. Treasury rate increasing nearly 3% from 2020 lows. In this follow-up to ImpACT 2021's popular Interest Rates May Be Rising...Now What Do We Do?, join us as we investigate the industry's response to the shifting interest rate environment with respect to pricing and product design, inforce and capital management, and the M&A and reinsurance markets. Have insurers been altering product designs and management actions to take advantage of the increased investment yield on long-term assets? Or are we seeing business-as-usual? How have the changes in rates impacted policyholder behavior? What are the benefit and risk of the rising interest rate for life insurers? We will also discuss developments in the M&A and closed block reinsurance market as (re)insurers continue to navigate the evolving economy. Gain an understanding of the impact that the new interest rate environment has had on life insurance and annuity pricing and product design, inforce and capital management, and the M&A and reinsurance markets.

Description: Join this discussion on Valuation topics from both a GAAP and Statutory basis with a spin on how to communicate them to a non-Actuarial and leadership audience. It will include, but certainly not limited to, discussion on IBNR analysis, PAD and its purpose, Wallstreet metrics such as Days in Claims Payable and Medical Claims Payable Growth vs Premium and Membership Growth. The key here is to not only educate on the Valuation processes and metrics, but also to show the best ways to communicate them so that a less technical audience can interpret the impact and make better strategic decisions. It is also to show the importance of the Valuation reserves on the balance sheet and income statements in regards to a Public company and how WallStreet interprets the numbers.

Description: The NAIC is attempting to transition to a new economic scenario generator. The process has been ongoing for several years and many interesting challenges have emerged along the way. Get an overview of where this transition is at and what comparatives have been established between the existing and proposed economic scenario generators through scenario releases and field testing. A significant amount of discussion and investigation has been done concerning acceptance testing for interest rates, equities and corporate bond returns.

Description: Join mental health experts (e.g., providers, academics) as they engage in an interview-style conversation designed to inform you about the current state of mental health in the U.S. and potential pathways for improving mental health care and mental health insurance benefits. Through discussion of plan design, provider network, provider reimbursement and other relevant channels, you'll find ways you can use these channels to help enhance an individual's access to care, improving their health and overall quality of life.

Description: Are your meetings notorious for running too long and achieving too little? In this presentation, we will unlock the secrets to running effective meetings together. Explore strategies to engage participants, keep discussions on track, and put an end to wasted time. Discover how to turn post-meeting frustrations into actionable outcomes. Join us and transform your meetings into dynamic, goal-driven sessions that leave everyone inspired and energized.