Description: This session will27601 summarize the key National Association of Insurance Commissioners (NAIC) activities with a primary focus on updates to principle-based reserve valuations and appointed actuary topics. Hear insights into the current set of activities and initiatives being considered and/or adopted by the NAIC Life Actuarial Task Force (LATF) and the NAIC Risk Based Capital Working Group. In addition, other actuarial practice issues and other appointed actuary and opinion topics relevant to life insurance, variable annuities and fixed annuities will be discussed, including recent exposures and adoptions by the Actuarial Standards Board. By the end of the session, attendees will understand what changes are being made to reserves, RBC, PBR and actuarial standards and related topics, and the anticipated timing of such emerging changes.

Description: "Asset-intensive reinsurance has become a focal point of actuarial, administrative and regulatory consideration in recent years. This session will walk through a real-world reinsurance case study of an illustrative transaction - from the initial actuarial due diligence process of the cedant's subject business through onboarding and integrating that business into the reinsurer's platform. Topics will include actuarial due diligence, experience studies and assumption setting, model validation, model development and onboarding of the subject business. The session aims to provide a variety of insights into this process across different business units and functions. By the end of the session, attendees will have a firm understanding of key transaction-related topics within the context of a real-world example."

Description: This 60-minute panel discussion led by Academy volunteers will explore the treatment of reinsurance under the Valuation Manual's principles-based reserving (PBR) requirements for life insurance (VM-20). Panelists will discuss different reinsurance agreements, such as coinsurance, modified coinsurance, guaranteed and non-guaranteed yearly renewable term (YRT), stop-loss reinsurance, and financial reinsurance. The session aims to address practical reinsurance considerations for PBR in 2025, focusing on emerging issues such as reinsurance reserve credit and approaches for YRT reinsurance, and considering relevant ASOPs and updates to Practice Notes. Participants will gain insight into how different reinsurance structures affect VM-20 reserving.

Description: Virtual - Session 1D: Pharmacy Risk Mitigation - Pricing, Programs, Pools, and Performance Guarantees

Description: A panel of leading reinsurance executives will provide an overview of the health reinsurance market that explores existing reinsurance transactions reported under Schedule S, large claim research drawing insight from the latest five-year Merative Commercial MarketScan Research Database, stop-loss reinsurance options for Accountable Care Organizations (ACOs), and other reinsurance applications being seen in the market.

Description: Experts from both the direct and reinsurance side of the table will provide an overview of final expense products and their key features, as well as share experiences that have informed best practices when designing, selling, managing, monitoring and reinsuring these products. Trends in distribution, underwriting tools and other competitive factors will be considered through the lens of managing risk while remaining competitive in the market.

Description: Over the past year, we conducted several industry surveys, including the Asset-Intensive Reinsurance Companies Survey, where we interviewed nearly 30 reinsurers, and the Survey on Internal Reinsurance and Internal Affiliates (such as captives and sidecars), which saw participation from more than half of the top 30 U.S. life insurers. While full survey reports were shared exclusively with participating companies, this presentation will highlight key findings on some of the industry's most frequently discussed topics.

Description: "This session will cover recent and new NAIC actuarial guidelines and their impact on U.S. statutory cash flow testing. The focus will be on the new Reinsurance Asset Adequacy Testing Actuarial Guideline and Actuarial Guideline 53. It is intended to benefit consultants interacting with NAIC statutory regulations, including those involved in appointed actuary work, statutory financial reporting, or mergers and acquisitions."

Description: Over the last 10 years, Artificial Intelligence (AI) healthcare foundation models have made tremendous strides when it comes to delivering highly accurate predictive results when compared to traditional models. This is especially true for models developed and trained on the ‘language’ of healthcare. When trained on healthcare data sequences (claims, EHR, CPT, ICD, pharmacy, lab, etc.), these models deliver far more accurate results as to WHAT beneficiary-level health events will occur and even WHEN they will occur.

Description: EHRs are a source of digital health data that present both an opportunity and a challenge for insurers. These rapidly maturing data sources contain valuable insights and can create a faster, better applicant experience, but the costs can quickly add up. Listen to panelists discuss various use cases for EHRs, their protective value in relation to traditional underwriting approaches, and other considerations for expanding EHR use. We will take a look at how using EHRs could promote a smart ordering approach allowing us to be quicker and more cost effective, all while understanding the impact to mortality.