Description: This webcast will walk through several statistical methods for imputing race and ethnicity from U.S. datasets, highlighting their strengths and weaknesses, talking about how to use them and evaluating their accuracy, and telling you where you can get code packages as well as a free dataset to try the methods out.

Description: The importance of storytelling in financial communication and its role in conveying complex financial reporting results and insights to diverse stakeholders cannot be denied.

Description: The objective of this session is to help actuaries understand the impact of tax regulations on actuarial reserving and the calculation of the Value of Business Acquired (VOBA). Actuaries must ensure compliance with tax reserving requirements, assess differences between statutory and tax reserves, analyze tax treatment of VOBA in mergers and acquisitions, and evaluate their financial implications. By integrating tax considerations into actuarial modeling, insurers can optimize tax efficiency, maintain regulatory compliance, and enhance financial performance.

Description: Based on the work of the American Academy of Actuaries, this session will share insights on auditing an algorithm and provide an artificial intelligence governance checklist.

Description: Actuarial Standards of Practice (ASOPs) are critical to an actuary's work, but staying abreast of changes to ASOPs could be challenging. Several ASOPs have been created or updated in the last few years while ValAct was on hiatus. Are you up to date? This session will focus on ASOPs 7, 11, 28, 41 and 57. Come ready to play, as we challenge your knowledge of these ASOPs in a fun game show format. By the end of this session, attendees will learn the major provisions included in ASOPs that have been recently updated or created and understand how their work may be impacted by these recent changes.

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: Presents a step-by-step methodology for calculating confidence intervals for IBNR estimates derived using the Averaqe PMPM method. It is a companion article to the January 2023 Health Watch article presenting the Average PMPM method for generating point estimates of IBNR with zero claims runout.

Description: How does mortality experience impact earnings under the new GAAP financial framework? This article discusses how to isolate key components from financial models related to decrements, as well as how to handle the changes in the financial reporting landscape including: the aggregation of insurance policies into cohorts, dynamic reserving, and the limitations imposed by caps and floors. Looking at the components of earnings, such as the present value of benefits, expenses, and premiums, and how these elements interact is critical to form a comprehensive earnings story.

Description: This article aims to delve into the rationale and calculation logic of the variable fee approach (VFA) which is applied to the insurance contracts with direct participation features under IFRS 17. In actual practice, the variable fee approach can be implemented in two methods, which are from fee income or total cash flows point of view. These two methods will achieve the same outcomes but are featured with different insights and varying degree of operational ease. Detailed roll-forward steps of contractual service margin (CSM) for these two methods are elaborated in the article, along with a numerical example by using a variable universal life product to help the readers comprehend the rationale behind the variable fee approach.

Description: IFRS 18: Introduction for Insurers