Description: Discounting in IFRS 17

Description: This session shows the fascinating world of Generative AI, focusing on the principles of Retrieval Augmented Generation and Agentic Workflows. Attendees will gain a comprehensive understanding of how these advanced AI techniques can revolutionize processes by integrating external data retrieval with generative models. Practical examples and expert insights will illustrate the transformative potential of this technology in various industry applications.

Description: This session will discuss essential theories and practical applications of deep learning for actuaries. Participants will gain insights on leveraging these cutting-edge techniques to enhance actuarial models and drive predictive accuracy.

Description: Short Form Professional Development Videos - Intro to Actuary in the Loop Recording

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: Are the choices we make the same in certain versus uncertain situations? What pushes our choices in one direction or another? In this session, join our discussion on the elements that make up consumer choice architecture, how they interact with risk appetite and how to intervene in risk choices, using the National Flood Insurance Program (NFIP) as a case study. Together, we will explore behavioral considerations in risk appetite from the individual consumer and public policy perspectives. The latter will include environmental, social and governance considerations, including the challenges of climate change in a divided political landscape with limited resources. We will cite and use program data to support behavioral assessments. Appetite as a function of both risk preference and risk perception will serve as a foundational premise for the presentation.

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: As the healthcare industry becomes increasingly complex, actuaries are under pressure to analyze vast amounts of data and make informed decisions quickly. Artificial intelligence (AI) technologies like ChatGPT offer a promising solution, providing powerful tools for data analysis and natural language processing. Come explore the use of ChatGPT in actuarial analysis, focusing on healthcare applications. Begin with an introduction to ChatGPT and how it works, including its ability to understand and generate natural language responses. Then expect a discussion on the potential benefits of using ChatGPT in healthcare actuarial analysis, including improved accuracy, efficiency, and scalability. Through case studies and examples, we will demonstrate how ChatGPT can be used to analyze complex healthcare data sets, including electronic health records (EHRs), claims data, and patient surveys. We will also discuss how ChatGPT can be integrated with other AI tools, such as predictive modeling and machine learning, to enhance actuarial analysis. Finally, learn about some of the potential challenges and limitations of using ChatGPT in actuarial analysis, such as data privacy concerns and the need for human oversight. There will also be guidance on best practices for using ChatGPT in a healthcare actuarial context, including data preparation, model training, and interpretability.

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.