Description: Explores healthcare insurance and reinsurance captives, including captive structures, market trends, and key considerations for forming or joining a captive.

Description: This session will focus on US GAAP accounting for life insurance and annuity transactions from an actuarial valuation perspective. With the high volume of recent M&A and reinsurance activity, many companies are onboarding blocks of business and performing Purchase GAAP (“PGAAP”) or PGAAP-like exercises. Methodologies for establishing liabilities and intangible balances often vary based on the unique aspects of each transaction. This first half of this session will provide an overview of PGAAP elements and considerations, while the second half will dive into examples using interactive case studies.By attending this session, you will learn:• Perspectives and approaches for initiating reserves and intangible balances when onboarding a new block of business

Description: "Risk Management starts with identifying, quantifying, and then monitoring the key risks a company is exposed to. From a life company perspective the key risks are investment returns, expenses, and mortality. IFRS17 allows quantifying and measuring those key risks by building expectations, as in the initial recognition, and monitoring the actual outcomes achieved, as in subsequent measurement. Risk can be measured, monitored, and corrective action taken by allowing the experience to emerge and be compared to our initial estimates. Comparing initial vs. subsequent figures allows the company to identify whether it had a profitable quarter or not. For a profitable quarter, it makes sense to release profit from the CSM and RA accounts. For a non-profitable quarter, it makes sense to build up funds in the RA account from CSM funds so that no profit is released. In this case, the release from the CSM exactly matches the buildup of RA_release, as no funds are released to shareholders. Two examples of subsequent measurement scenarios will be given along with their initial Recognition figures: one exceeding IR figures and the other losing to IR figures. We will see how to manage risk by controlling the release of shareholder funds. Comparing actual vs. expected figures allows us to do this. We will also see how this affects the Embedded Value and Value of In-force business. Key Learning Outcomes: 1. Given the Initial recognition figures, compute profitability and required releases of the risk adjustment RA and CSM accounts. 2. Calculate subsequent measurement figures for SR_RA, SR_CSM, and Value of in-force business."

Description: Asset intensive reinsurance has become a focal point of actuarial, administrative, and regulatory consideration recently. This session will walk through one such real-world reinsurance case study of an illustrative transaction - from the initial actuarial-related due diligence process of the cedant's subject business through the onboarding and integration of the subject business into the reinsurer's platform. The following topics will be addressed: 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. At the conclusion of the session, attendees will have a firm understanding of a variety of transaction-related topics within the context of a real-world transaction.

Description: In this presentation, we will explore the latest investment trends shaping the life insurance industry today. We will start with an overview of the various types of assets and strategic asset allocations that are prevalent within the industry. Moving beyond the basics, we will delve into an advanced asset optimization tool that is revolutionizing how asset portfolios are constructed. This tool considers factors such as asset liability cash flow matching, target yields, durations, Risk-Based Capital (RBC) requirements, and asset type restrictions. As the life insurance sector places greater emphasis on sophisticated asset management and navigates increasingly complex portfolios, understanding and leveraging this optimization tool has become crucial. Join us to gain valuable insights into optimizing asset portfolios to meet the evolving demands of the life insurance industry.

Description: 2025 ValAct Virtual - Professionalism panel

Description: In this session, we will delve into the complexities of liquidity risk within insurance portfolios, focusing on how insurers manage this risk in an increasingly competitive and volatile market. With insights from industry leaders and real-world examples, attendees will gain a comprehensive understanding of the factors driving liquidity risk and the strategies used to mitigate it. We will explore the impact of economic policies, market dynamics, and regulatory changes on liquidity risk management.

Description: Good quality data is a key part of all actuarial process and financial reporting. How do you store and manage data? What are your data validation and controls? Who performs them (IT or Business)? Hear from our panel on what they do and what they deem as best practices.

Description: This session will discuss key National Association of Insurance Commissioners (NAIC) activities, with a primary focus on updates to principle-based reserve valuations and appointed actuary topics. The presenters will provide 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 as well as Actuarial Standards Board.

Description: Dive into the vibrant world of Bermuda's reinsurance market! This session will provide a comprehensive overview of the latest market trends shaping Bermuda's dynamic landscape. First, we will explore how global shifts and regulatory changes are influencing market strategies and review recent deal activity. Afterward, we will examine hot topics in offshore valuation, exploring innovative approaches and methodologies emerging in this unique jurisdiction. Whether you're interested in market dynamics or valuation intricacies, this session promises to equip you with the insights needed to stay ahead in Bermuda's ever-evolving financial ecosystem. Join us for an informative journey that combines expert analysis with practical insights.