Description: This article summarizes the new research paper of "InsurTech: A Guide for the Actuarial Community" by Carrie Kelley and Kiki Wang. It serves as a quick read for our members to learn the latest development in the InsurTech space and explore the opportunities for actuarial practitioners

Description: FASB published LTDI requirements in 2018. The effective date for insurers who are SEC filers to publish US GAAP financials under LDTI is January 1, 2023. The effective date for non-public insurers is January 1, 2025. LDTI requires insurers to identify a new category of benefits called market risk benefits (MRBs) in insurance products. Broadly, variable annuity (VA) and fixed indexed annuity (FIA) guaranteed minimum death, accumulation, withdrawal, and income benefits fall under MRBs. Valuing MRBs requires calculating the liability on a fair value basis. Valuing FIA MRBs on a fair value basis can be complicated as several aspects of FIAs such as option budgets and policyholder behavior are driven by company management decisions and the competitive landscape.

Description: There has been a shift in finance and actuarial modernization in the insurance industry over the past 2 to 3 years. Discuss the latest trends in the marketplace and the key changes we see actuaries and actuarial employers needing to make in the future of work. Learn how actuarial work is evolving and about the changing manner in which work is performed. Brainstorm specific ways actuaries can thrive in the future, including performing more strategic work.

Description: Come gain insights into the techniques used in Machine Learning and its applications. You'll discover the key technological advances in recent years which were behind and ultimately facilitated the breakthroughs including ChatGPT/GenAI. It's time to uncover real-world use cases where AI models and their transformative impact on our lives.

Description: Actuarial projects have become more intricate, involving external resources and requests beyond the Actuarial team’s purview. Whether a task appears minor or exceptionally complex, adept project and change management play a pivotal role in successful execution. In this session, we explore practical strategies for tailoring implementation management approaches. Our presenters draw from both corporate and consulting experiences, sharing valuable lessons. Additionally, they highlight effective collaboration with the Project Management Office, model developers, and model users

Description: Nathan Pohle and Darryl Wagner believe actuaries can benefit from new technologies in predictive analytics and life insurance.

Description: This session will include examples of healthcare claims and market data to be used for educational purposes to highlight trends in the insurance industry. It will also highlight opportunities to enforce existing laws around fraud and abuse, and areas for regulators and legislators to focus to address this growing problem. Finally, it will discuss recent law changes and highlight areas requiring additional regulatory intervention. Expect discussions of recent claim issues and laws in the healthcare market as well as emerging issues in healthcare. The presentation will be beneficial to healthcare professionals working for health insurers, healthcare providers, auditors, regulators and healthcare providers and will also cover professionalism related topics for actuaries.

Description: CMS has required hospitals to publish their chargemaster rates, cash discounts and negotiated rates as of January 1, 2021. Our panel is comprised of a data strategist, an executive from a large hospital system and an actuary.

Description: Who we are as people and who we become over time is entirely determined by the habits that we practice. And, habits are the fabric from which company culture is made. However, habit are hard to change, because we misunderstand what it really takes to change habits. Why? Because human beings don't have habits - habits have human beings. If you're curious about what this means, have an interest in the science of Context Design, and want to learn how to change your own habits, as well as create cultures of high performance, join this session. Learning outcomes include: - Understand the 'golden rules of habit change' and the many myths around habits (e.g., that they take a certain number of days to create). - Learn about the science of Context Design: how to create habits, at scale, over time. For yourself and your team. - See why 'human have habits' misrepresents reality and why it's more accurate to say 'habits have human beings!'

Description: This session on Innovations in Underwriting will explore the latest advancements in underwriting technology and methodologies. It will focus on how these innovations are transforming the insurance industry, making underwriting processes more efficient, accurate, and customer-friendly. Topics will include the integration of artificial intelligence (AI), machine learning, and big data analytics into underwriting workflows. Additionally, we'll discuss emerging trends in risk assessment, automation of underwriting tasks, and the implications of these changes for underwriters and insurance professionals. Attendees will have the opportunity to learn from industry experts and participate in discussions on how these innovations are reshaping traditional underwriting practices. Learning Outcomes: - Gain an understanding of the latest technological advancements impacting underwriting, including AI, machine learning, and data analytics. - Learn how these innovations can streamline underwriting and pricing processes, improve accuracy, and reduce costs. - Explore new risk assessment methods and discover how automation is changing the underwriter's role. - Identify best practices for integrating innovative technologies into existing underwriting and actuarial pricing frameworks.