Description: To cope with the historically low-interest rate environment that we recently experienced, there has been a growing trend among life insurers' investment portfolios to allocate to such alternative assets as collateralized loan obligations (CLOs), rated feeder funds, and collateralized fund obligations (CFOs). In this session, you will gain an overview of alternative assets as we work through answering the following: - What are alternative assets? - Why do insurers invest in alternative assets? - What are the risks of alternative assets? - History of alternatives: How did we get here? - What is currently in the portfolios? - What are the concerns within and outside the industry (without a debate about the concerns)? - What should actuaries be aware of and what role do actuaries play in evaluating portfolio risks?

Description: The Society of Actuaries announces the release of a new report that will provide a resource for the insurance industry to learn about image recognition technology. Authored by Kailan Shang, the report explores the current status of image recognition technology, models for image recognition, and various possible applications of image recognition to insurance.

Description: Discuss how the reinsurance can be utilized to manage the risk profile of the company. Potentially we can use a case or two to demonstrate the usage of reinsurance.

Description: Sponsored by the Society of Actuaries Research Expanding Boundaries Pool, this report examines an encompassing method to allocating economic capital in insurance conglomerates. Authored by Edward Furman, Yisub Kye, and Jianxi Su, the plan put forth unifies the centralized top-down and the detail-oriented bottom-up approaches

Description: Gross Domestic Product (GDP) has been our chosen metric for growth since the Great Depression, but expectations are for lower GDP growth going forward than we are accustomed to. Its two components, population and productivity, face headwinds—population from a declining birth rate and longevity, and productivity from increased climate events, energy costs, global conflict and raw materials shortages.

Description: The article discusses how strategic planning and strategic risk management are intertwined.

Description: "Can you answer the question 'what are the chances we will lose more than $1 million next year?' without saying 'it depends'? If you miss a projection, can you quantify the chances that the miss was due to random variation vs. an incorrect projection? ten in as presenters demonstrate how to answer these questions and others using total risk analysis. Total risk analysis includes quantifying both the random variation risk and the projection risk associated with actuarial functions like pricing and reserving. After attending this session, you will be able to describe total risk analysis, apply total risk analysis to many actuarial functions."

Description: This interactive webcast uses case studies and a new framework to show how retirement plans and practices can be fitted to best serve organizations’ missions and objectives, guided by data and analytics measuring their workforce impact.

Description: Assumptions have been a critical component of actuarial work since the rise of the profession hundreds of years ago. Without well-developed, credible assumptions, reliable financial projections are an impossibility. Yet in 2023, there is still a wide range of assumption processes and governance practices in place throughout the life industry. Follow assumption and governance experts from Oliver Wyman to dig deep into results from our 2023 assumption process and governance survey. Examine what we're seeing currently practiced throughout the industry and offer insights into what we're doing well, as well as where we have opportunities to improve. Explore topics, such as assumption governance frameworks, governance costs, development and review, approval processes, implementation and usage, monitoring, and challenges.Gain a better understanding of how your own assumption processes compare against others in the industry, and learn best practices that can be implemented to improve assumption processes.

Description: There have been several major disruptions that will likely end up dragging the world into a major regime change. The best way to prepare for the next New Normal is with Scenario Planning. Come join a mock scenario planning exercise working in groups. You will be provided a New Normal Scenario and each group will work to develop a new plan for the transition of a business to successfully navigating that Scenario. Groups will share their scenarios and their plans. Session Coordinators will provide the scenario as well as an outline for a plan to respond to the scenario. Workshop participants will work out details for their scenario and plan in small groups. This session is a follow up to two webcasts sponsored by the JRMS in May and June 2023.