Description: It's your first full day of productive learning! Join us for the opening session to celebrate the volunteers, hear from 2023–2024 SOA President and Chair Tim Rozar on the SOA’s strategic plan, and gain insights from the keynote presentation on AI and ethics.

Description: Have you heard of Prospect Theory, the Nobel-winning concept from psychologists Kahneman and Tversky, which is the inspiration for much of behavioral economics? Come examine this concept that focuses on how people sometimes make irrational and logically inconsistent decisions depending on the framing of the question. You'll also explore how Prospect Theory applies in the world of insurance and how it offers an explanation for why selling retirement income products is more challenging than selling life insurance. Leave this session with ideas on how to design and market retirement income products that are likely to be more successful. The presentation will be largely based upon this paper: https://www.soa.org/sections/joint-risk-mgmt/joint-risk-mgmt-newsletter/2023/february/rm-2023-02-reynolds/

Description: Gain a high-level understanding on how long-duration targeted improvement (LDTI) impacts insurance products and earnings. Explore highlights on secondary impacts to companies due to additional complexity of LDTI, such as a need for a source of earnings analysis. Then dive into the details and hear an explanation on how earnings emergence differs for each type of life and annuity product impacted by LDTI. Finally, discuss the impact -to-earnings volatility under LDTI for each product type. Close the session by connecting how the investor story changes with all the impacts discussed during the session.You should walk away with a good understanding of LDTI earnings emergence, which is a topic that has very limited thought leadership available today.

Description: With current trends in aging and life expectancy, long-term care needs represent a significant burden for many families. This burden falls unevenly based on several factors and inherent challenges. Hear a presentation of two recent Society of Actuaries (SOA) Research Institute reports: One that looked at disparities in the need for long-term services and support by race and ethnicity, among other factors, and another that reviews the cost and burden of informal caregiving. These reports, sponsored by the SOA Research Institute's Aging and Retirement and Diversity, Equity and Inclusion Strategic Research Programs represent the latest thinking in this area. Come learn the results of these efforts and take advantage of the opportunity to help shape further work in this area.

Description: Discover a modernization journey within finance, actuarial investment and risk domains. Expect to learn about the world we are striving for - an event-based, self-service, automated environment that centers around a cloud-based data lake with proper data quality and governance and provides visual, on-demand solutions for reporting and analysis. We will educate the audience on the technology used to obtain this vision and the approach (including our team structures and project management ideologies) we have taken thus far to start moving there.

Description: Participate in a discussion with panelists from various functional areas andcompanies about the trend of increasing mutual attractions between private equity and insurance companies, the underlying strategic drivers from both sides, as well as the impact to both individual insurance companies and insurance industry as a whole. Take part in a conversation about the implications of insurers' obligations/changes to risk profiles and exposures when engaging offshore domicile of affiliated and unaffiliated reinsurers involved in the private equity-owned insurance business.

Description: As insurers search for ways to optimize the value of their actuaries, cloud-based data architecture has emerged as a leading solution to deliver quality data that enables the unlocking of actuarial potential. Hear an introduction to cloud based data architecture, explore cloud-based data strategies and view a live demo. Learn about different data “zones”, piping data between the zones, transforming data, and a collection of cloud-based tools that could be used for each one of these steps.

Description: The life insurance industry has a lot going on. Come discover some key highlights of the life insurance market mixing quick hits with some in-depth conversations about the headlines and hard lines happening in the life insurance sector. Topics include underwriting, regulation, product changes and distribution to name a few. If you enjoy the PTI show for sports, you will enjoy hearing about the life insurance industry in this format and hosts will run down the headlines of the insurance industry in PTI fashion.

Description: After three decades of relatively stable overall inflation trends, the United States has seen significant increases over the last twelve months. What could this mean for inflation in the medical sector? Explore past patterns between the two phenomena, and what drivers stakeholders can monitor to be best aware of what could be coming.

Description: Join a discussion on the tax implications for direct writers ceding annuity blocks for both onshore and offshore reinsurance arrangements. Get an introduction to the tax consequences of the risk transfer of annuity features and guarantees to reinsurers to reinsurers that are U.S.-based and not U.S. domiciled.