Description: IFRS 17 is a significant change that requires insurers to invest time and resources. The presenters will address wider implications of the new standard, and a senior leaders' panel will cover a number of perspectives. They will address the latest developments of the standard and interpretations, emerging technology that is accelerating implementation, insights from implementing IFRS 17 in Canada and globally, reinsurance considerations and opportunities for the actuarial profession.

Description: This debate-style presentation focuses on metrics used to measure and manage insurance companies. Changes in accounting bases (LDTI, IFRS17, etc.) challenge historic metrics to be adjusted or replaced to accommodate new regimes. The long-duration nature of revenue recognition and profit emergence is unique to the insurance industry, and there is no debating the importance of accounting regimes to facilitate earnings recognition and comparability. However, insurers face challenges from the inherent mismatch between capital measures and accounting profits. This mismatch creates competing interest when it comes to both management decisions and executive compensation. To provide guidance, experts offer their unique perspectives and opinions to a debate of emerging best practices in accounting KPIs, cash-based metrics, and executive incentives. The discussion will be guided by probing questions, such as: - What challenges are faced by external users of financial statements? - Accounting changes did not impact business economics, so why discuss metrics? - What are examples of historic and emerging accounting and cash-based metrics? - How can insurers implement best practices in financial reporting? At the conclusion of the session, attendees will have an improved appreciation for actuarial valuation, specifically, the critical role that our interpretation of results plays in the broader financial system.

Description: This project examines how companies perform deterministic scenario analysis, focusing on a worldwide IT disruption and its operational impacts. It highlights the use of table-top exercises to estimate direct and indirect effects, leveraging senior managers' experience.

Description: Under the new reporting regimes actuaries have the opportunity to become leaders for all aspects of cash flows and related insights, rather than just the reserve change line on the income statement, to help educate the organization and informed business decisions. This session will provide practical examples and scenarios where actuaries take on leadership roles to drive reporting compliance and organizational changes; as well as provide an opportunity to discuss what didn’t work as well when it came to deploying new technologies to the valuation and pricing teams.

Description: Companies exempt from PBR can benefit by borrowing ideas and lessons learned from companies that perform and operate in a PBR world. The presenters will discuss VM requirements related to governance policies, as well as assumption and margin setting, plus model validations and controls which can benefit smaller insurance companies. Attendees will learn about new actuarial practices and how the PBR methodology and Valuation Manual can influence their work and highlight available resources.

Description: Over the last few years, a significant amount of US annuity and pension business has been reinsured with offshore companies, both affiliated and non-affiliated. Hear experts discuss different reserve and capital regimes between the US and offshore jurisdictions, as well as US regulator concerns and responses. The attendees will learn the reasons companies use offshore reinsurance, and improve their understanding of the discussion of proposals to increase US regulator and consumer comfort with companies outside of US jurisdiction.

Description: The SOA Research Institute seeks proposals and essays on actuarial aspects of 401(k) plans, including similar plans like 403(b) and 457. Topics include investment impact, participant behavior, plan features, and AI's role. Submissions aim to enhance understanding and future research on retirement savings adequacy and system improvements.

Description: This is a request for data contributions for a study on term conversion incidence and post-conversion mortality and lapse experience from 2009 to 2023. It outlines the purpose, scope, and process of the study, data submission requirements, study results, benefits to participants, and data access and ownership details.

Description: A call for proposals for research projects exploring recent insurance product innovations and their impacts on the industry. It outlines the background, purpose, objectives, proposal requirements, selection process, submission details, conditions, and conflict of interest disclosures.

Description: This project examines how companies perform deterministic scenario analysis, focusing on a worldwide IT disruption and its operational impacts. It highlights the use of table-top exercises to estimate direct and indirect effects, leveraging senior managers' experience.