Description: The health insurance industry has historically used several factors to develop premium rates. Many of these, e.g. gender rating, have been largely eliminated from health insurance rating practices by regulations as the Patient Protection and Affordable Care Act (ACA) because they were determined as inequitable. However, several other factors still remain as differentiators in premium rates charged to individuals and groups. In conjunction with the SOA, researchers studied whether there could be ‘ghost’ rating factors, like race, ethnicity, or socioeconomic status, that are inherently included in some of these remaining allowable factors. Review results and opportunities for future research. By attending this session, you will be challenged to think about traditional rating factors in a different way. Rather than focusing on whether certain factors are sound based on the underlying claims cost, this session will focus on whether or not these factors are impacting certain socioeconomic or racial/ethnic groups disparately.

Description: As the Federal Reserve's recent interest rate hikes increase potential asset yields, an expected rate increase to products offered by insurance companies of all sizes, including annuities, can be seen in the current economic landscape. The increased market volatility and high inflation create insurance company performance complications, which can lead to a disproportionate impact for smaller insurance companies. Discover the current status of the market environment and explore suggestions and possible solutions for smaller insurance companies as they deals with complications like a lack of access to higher-yielding investment strategies and limits made by risk management policies from owning unrated asset claims. There will also be a discussion on the recently adopted Actuarial Guideline on Asset Adequacy Testing and the implications for insurance companies.

Description: This session will delve into the valuable lessons learned from recent accounting change implementation, covering both model and process optimization. Attendees will gain industry knowledge as we explore optimization decisions made by others, highlighting both successful strategies and areas for improvement. We will discuss key decision points throughout the entire actuarial process, including data manipulation, actuarial calculation engine, and post-model reporting.

Description: This session will provide an update on regulatory changes and current hot topics in Bermuda. The speakers will update you on the most recent Bermuda regulatory reforms, including targeted enhancements to its regulatory capital framework, Own Risk and Insolvency Amendment (ORSA)/Commercial Insurer's Insolvency Self Assessment (CISSA) enhancements for climate risk assessment, and Bermuda corporate income tax changes to align with Global Minimum Tax.

Description: This session will review reinsurance fundamentals, risk assessment techniques, optimization strategies, and regulatory considerations through case studies and best practices. Attendees will gain insights into enhancing capital management, risk mitigation, and improving operating results, utilizing practical insights from both reinsurers and direct experience.

Description: Many of us take our good health for granted. Sure, we may face some challenges such as taking time off from work or a large cost share, but at the end of the day we know we will get the health services we need. There are, however, millions of Americans who cannot take this opportunity for granted. In most cases, that health insecurity is linked to social determinants of health (SDOH), like income level and location. Discuss the role actuaries can play in addressing these issues and uncover an introduction to the data and tools you can use to get started. After this session, you will be able to: • Describe the impact SDOH have on the health of the U.S. population. • Define the current infrastructure in place to address the issues. • Explain potential solutions to the problem. • Illustrate the available tools and data need to analyze the problem.

Description: Many actuaries were grown and developed in cube-land - with many peers being just a few feet away to help develop core actuarial skills. Today, most experts agree that we will never fully return from a hybrid world, which means that our actuarial business skills and communication styles need to evolve as well to maintain relevancy in this evolving world. Many actuarial companies are more formally recognizing the importance of connection among staff to create robust systems for cultivating a strong department culture in an increasingly fractured landscape. Join us to discover more about how a connected department creates space to share resources and knowledge more freely, which is a benefit to both staff's personal development as well as the department performance as a whole.

Description: If you're intrigued by the impact of recent interest changes or updates about the Principle Based Reserves ASOP 22 Statements of Actuarial Opinions Based on Asset Adequacy Analysis for Life Insurance, Annuity or Health Insurance Reserves and Other Liabilities, then this webcast discussion featuring three expert speakers will grab your attention. Join us for the annual Year-End U.S. Statutory Financial Reporting Considerations webcast and discover more about cash flow testing, as well as potential changes to statutory financial reporting due to climate change. This popular webcast will be taking place December 14, so don't miss out on the latest considerations from our important speakers.

Description: Investing for retirement in other countries is different from investing for retirement in the U.S. and Canada. In developing countries, there are fewer investment opportunities and domestic markets are smaller and less liquid. National retirement systems may be established in part to support government debt issuance and to help develop domestic capital markets. Investment policy objectives tend to evolve over time as a country and its retirement system(s) develop together. Come broaden your horizons by painting a picture of a different investment paradigm than you are used to using examples from many countries around the world.

Description: Court is in session and you are the jury! Follow along as challenging aspects of actuarial professionalism are explored in a court-like setting. Deliberate based on what you already know from your own experience as well as what you learn in this session, and then deliver your verdict accordingly. New cases will be developed for this meeting. If you attended in the past, plan on joining again as we will have new material for discussion. Who says learning about actuarial professionalism can't also be fun?