Description: Emerging Topics Community

Description: ARCH Table of Contents 2023.2

Description: Explore the value and cost of prescription drugs, how they should be defined and measured and the effects various stakeholders in the pharmacy ecosystem can have on these factors in the latest webcast. You'll investigate the impact of coverage, formulary and rebate negotiations and related benefit design. Find out how actuaries can answer questions related to the prescription drug industry, in addition to improving the access, quality and affordability of prescription drugs in the United States. Join us for this webcast and come learn about value-based contract design, negotiations, implementation and administration for prescription drugs.

Description: As the medicine practice continues to evolve, join us for this webcast to receive up-to-date information about the incorporation of scientific advancements and emerging evidence into the field. The creation of innovative treatments and the focus on improving patient outcome can cause information and price shocks, which will be one of the covered topics. Expect to utilize this webcast as an introduction to precision medicine, which is a genetics-based approach to healthcare. Speakers will share their experiences in demonstrating cost-effectiveness and promoting reimbursement with this new approach.

Description: As accelerated underwriting continues to evolve, it is a delicate balance to ensure these programs are managed effectively for both short- and long-term results. And there's debate about whether these programs are getting too aggressive. Join panelists as they share their viewpoints on the state of accelerated underwriting, the data sources, models, tools and techniques commonly used, how the landscape is destined to change with more dynamic approaches in underwriting, and how best to monitor these programs, and the impacts of these programs to carriers and the industry as a whole.

Description: AI/ML has been widely used in consumer-based industries, such as insurance, banking and health care. As insurance companies embrace the innovative technologies through developing and implementing AI/ML models, model risk exposure increases due to the elevated complexity and opacity of these models. Through sound model risk management (MRM) practices, appropriate methods can be used to solve issues related to explainability and interpretability of AI/ML models, which instrumentally facilitates mitigation solutions on other risks.

Description: Defining fairness for life insurance processes is complex and challenging as well as subjective. The Society of Actuaries Research Institute submits to the public discourse this summary of the challenges and complexities involved in trying to define fairness for life insurance processes in the United States.

Description: This study aims to explore the evolution of and trends in how consumers from younger generations understand, investigate, and purchase private insurance plans.

Description: Join us as some of the hottest topics are debated by a multi-discipline panel of industry experts focusing on potential impacts to key performance metrics. Will their arguments sway you? The final say is yours as audience polling decides which side wins the day. This fiery clash will include such topics as: what's really driving mortality?, can I really assume 'all else equal' when making underwriting changes?,I dare you to step over this line - is there an inflection point in fluidless underwriting as qualification rates increase with continued upward pressure?,how many years to credible mortality?, can I really tell if this is working anytime soon? and how effective are leading performance indicators? By attending the

Description: Emerging risks are new or evolving, so require novel treatment by risk teams. The results from the 15th annual survey of emerging risks, sponsored by the Canadian Institute of Actuaries (CIA), Society of Actuaries (SOA) and Casualty Actuarial Society (CAS) will be shared. Long-term trends and highlights from open-ended questions will be shared, along with analysis of how the practitioner can use this information. While risk appetite statements profess a stable and consistent process, research shows that companies rotate through methodologies with management teams and that the most successful teams have the flexibility to adjust to current conditions.