Description: The NAIC has adopted revisions on Actuarial Guidelines 43 and C3 Phase II for Variable Annuities ("NAIC VA Reform"), effective January 1, 2020. The panel of presenters will provide background and overview of the Reform, and discuss detailed aspects of the new CTE Amount, Standard Projection and Withdrawal Delay Cohort Method. The panelists will share implementation considerations and the Reform's implications to hedging.

Description: This speech shares the practical experience of platform construction in the actuarial practice work of Ping An People Life, at the same time, shares the development mode of the actuarial system combining online and offline, and summarizes and expounds the advantages and disadvantages of this mode.

Description: Ignite presentations feature speakers with 20 slides which automatically advance every 15 seconds. The result is a fast and fun presentation which lasts just five minutes. The first portion of this session will feature public health experts doing Ignite presentations with particular focus on social determinants and health disparities. Then stick around for the second portion when all of the presenters take part in a moderated, talk show-style discussion. You'll get a chance to ask your questions and dig deeper into the topics you just heard about. Be prepared for a fast-paced, thought-provoking session that you'll remember long after it ends!

Description: This session will present the findings published in the report released by the SOA on the March 23, 2020, the 10th anniversary of the ACA.This session will provide an assessment and commentary on the viability of the individual and Medicaid marketplaces under the ACA since its inception. Observations will be based on a data-driven analysis of the associations between market characteristics and measureable outcomes indicative of viability. Viability will be measured in the context of achieving the ACA's goal of providing sustainable access to affordable healthcare to the uninsured and underinsured, and will be considered from the perspectives of various stakeholders.

Description: This session will explore the various contracting techniques that CMS, providers, and employers are using to achieve their strategic objectives across both the Commercial and Medicare markets.

Description: Papers: Does Migration Result in Mortality Improvement: A Case Study in Taiwan – Chih-Kai Chang – Feng Chia University; Jack C. Yue – National Chengchi University; Yen-Wen Chen – Feng Chia University Mortality Trends – An International Perspective – Adrian Gallop, FIA – Government Actuaries Department

Description: Papers: Rotation of the Age Pattern of Mortality Improvements in European Union Member States – Peter Vekas Corvinus University of Budapest Short and Long Term Dynamics of Cause-specific Mortality Rates Using the Cointegration Analysis – Severine Arnold, Ph.D.; Viktoriya Glushko – University of Lausanne

Description: In this session, panelists discuss the rationale behind aging research. They will explore recent demographic and biological insights. They will then explore when those breakthroughs could happen, what would their impact be on our understanding of mortality and mortality rates and the effect on different groups. Finally, it will be a chance to have your questions answered by that eminent set of panelists.

Description: This session will have two sections: General consideration of IFRS17 implementation for VA writers and reinsurers A case study of IFRS17 implementation for a reinsurer The first section will go over VFA and GM approaches that are available for VA writers. Both approaches have their own challenges. We will highlight some of the challenges and how to approach/overcome them. Additionally, we will discuss how hedging/ALM can help smooth the transition. The second section will go over the details of implementation process of a VA reinsurer. The case study will explore valuation challenges unique to reinsurers assuming business that would otherwise be valued under the VFA. It will also go over some of the modeling difficulties, project management, and database requirement.

Description: The presenters will review and discuss the recent trend of FIA and Structured Annuities new product development, illustrate the differences and similarities between these two types of products, and discuss how insurance carriers may effectively manage the capital market risk from derivative hedging perspective. Special emphases will be on (1) the performance of customized FIA indices during the recent economic cycles, relative to benchmark equity indices such as S&P 500, and (2) the latest product designs of Structured Annuities and offering rates by insurance carriers.