Description: COVID-19 and the accompanying policy changes have disrupted virtually everyone’s personal and professional lives. In April 2021, the Society of Actuaries (SOA) surveyed members and candidates to understand the impact of COVID-19 on the careers of actuaries and aspiring actuaries. The survey was sent to 26,101 members and candidates. Approximately 7% (1,912) responded and included demographic information. In addition, the SOA investigated actuarial exam progress at an aggregate level. Here are highlights of the findings.

Description: Almost half of recent FDA approvals have been for orphan drugs. This trend is expected to continue in 2023. Orphan drugs are priced more than 30 times higher than non-orphan drugs, therefore their cost burden in aggregate has the potential to overwhelm the budgets of payers, especially that of smaller health plans. Hear how the cost impact analysis for smaller health plans require different considerations than for a larger health plan when modeling the impact of rare diseases.

Description: Address issues in value-based contract accounting from an actuarial perspective. In Medicare and ACA business, what issues does risk adjustment present to value-based contract accounting? In Medicare, what issues do Part D present in value-based contract accounting and what are possible solutions? What are the issues in the use of provider stop loss in value-based contract accounting? Are there issues in the timeliness of claims in value-based contract accounting? Are we giving providers enough information for them to manage their population? How do we deal with deficit accounts? What are the pros and cons of capitation, gainshare, and full risk in value-based accounting?

Description: Struggling to build a diverse and representative team? In this session, listen in on a discussion about best practices to consider when building a diverse team, how to set DEI goals and track them to ensure you are empowering diversity in how your teams deliver work.

Description: Voluntary quits remain high industry-wide as employees reevaluate their priorities and talent challenges persist. It's essential organizations focus on retaining top actuarial talent in a way that supports both the employee's unique needs and aspirations, as well as the organization's ongoing success. Come explore current retention challenges and ways managers can create a sense of engagement and connection among their teams, regardless of their locations.

Description: Actuaries have a good understanding of the insurance industry from products and distribution to risk management and financial reporting. However, the trend of actuaries in executive and senior management roles (besides the Chief Actuary role) seems to be trending downwards over the years. Join us as we discuss the perspectives of executives at insurance companies (e.g., CEO, CFO, CRO, COO) and what made them successful beyond the traditional chief actuary path. Gain insight as we talk about what skills and experiences actuaries should look to gain to be more successful in executive roles beyond the chief actuary role.

Description: In the time since the original proposal to move healthwriting companies from the blue blank to the orange blank, there have been several incremental updates to the blue blank by the NAIC Blanks Working Group to integrate portions of the orange blank into the blue blank. Meanwhile, the NAIC RBC Working Group has issued their proposal to change the health test for comment and appear to be moving forward with the proposal to revise the health test. This would obligate companies that write predominantly health business onto the orange blank rather than the blue blank, which they have historically used for reporting. Discover background of the revised health test, the incremental updates to the blue blank that have been implemented recently, additional incremental updates proposed for upcoming blue blanks, and the current status of the Health RBC Working Group proposal to revise the health test. Hear observations about companies that have opted to 'take the plunge' and move to the orange blank ahead of the revised health test as well as companies that have opted to remain on the blue blank and incrementally update as new requirements are integrated into the Blue blank. By attending the session, you will be able to: • Understand the context of the initiative to revise the NAIC health test. • Summarize the recent changes to the blue blank implemented by the Blanks Working Group that integrate portions of the orange blank into the blue blank. • Summarize the upcoming proposed changes to the blue blank by the Blanks Working Group that integrate additional portions of the orange blank into the blue blank. • Summarize the current status of the Health RBC Working Group proposal to revise the health test. • Provide industry perspective on companies that have opted to move to the orange blank ahead of the revised health test and companies that have opted to remain on the blue blank until the NAIC requires it.

Description: Based on a late 19th century analysis, life insurance premiums were once differentiated by race, with Blacks/African Americans experiencing higher rates than for whites. Over time, the actuarial profession has had increasing focus on professionalism and responsibility to the public, and today all members of the five actuarial organizations based in the U.S. are subject to the Code of Professional Conduct. Come engage in interactive discussion about how Precept 1 might help current actuaries avoid bias in our work, including when thinking about risk classifications and dealing with new technologies. By attending the session, you will be able to:- Understand the importance of Precept 1 in our self-governing profession.- Think about prevailing conventional wisdom and potential bias in your current work.

Description: Reunite with members and non-members in the China actuarial community to discuss recent topics and related issues in areas such as macroeconomic sharing, IFRS 17, product strategy, cross-border communication and discussion, and more. Advance your career through learning and networking opportunities, and share your experiences in the finance and insurance industries, as well as other fields related to actuarial science.

Description: Discounts, exam reimbursement programs, and scholarships help actuarial science students and exam candidates along the pathway to becoming an actuary. Learn more about what financial assistance opportunities are available to you as a candidate.