Description: Long-term care (LTC) benefits are sold less these days as a standalone product and more commonly as a hybrid product with a life insurance or annuity chassis. In this 'Shark Tank' game show, the LTC benefit scrutinizes traditional, variable, and indexed life, and annuity product chassis in search of a winning combination.

Description: As organizations continue to reevaluate business needs and strategize how to best move forward in an evolving industry, technology and innovation are becoming competitive differentiators. Insurers are reimagining processes and accelerating modernization initiatives, and the role of the actuary is transforming in both scope and demand. It's vital actuarial leaders recognize the impact of modernization efforts on their employees, are empathetic to their needs, and create strategies to promote engagement, development and retention during technological transformations. Discover how leaders can prepare their teams emotionally and psychologically for change, gaining their buy in and support for new initiatives while increasing long-term loyalty. A panel of actuarial leaders who have successfully led their teams through change initiatives will also offer their lessons learned and best practices. Leave with the tools and insights necessary to take an empathetic approach to modernization that eases concerns and cultivates a productive and engaged actuarial team.

Description: As the world migrates to decarburization strategies among governments and corporations, there is still a big gap and lack of access for individuals, as well as small and medium enterprises. Join us to discover that there are huge opportunities in how insurance companies can articulate and democratize access to voluntary markets of carbon credits and be recognized economically for changes in habits that reduce emissions from a base scenario standpoint. There are opportunities from a marketplace of carbon credits between individuals and enterprises that participate in voluntary and regulatory markets, in addition to opportunities that ensure the compliance, price fluctuation, and operation behind the emissions goals that are established by governments and individuals. Also, by this market articulation, companies could catalyze the reduction in net global emissions by accelerating the participation of non-evident actors in these voluntary and regulatory markets

Description: There can be significant differences between the motivation behind and process for decision making between defined contribution (DC) and defined benefit (DB) plans. Discover various aspects of those differences to better empower actuaries and engage with DC plan decision making. Key topics you'll explore will be: plan sponsor motivations, legal risks and the structure of the intermediary market and their roles.

Description: Discuss interaction between defined benefit (DB) plans and defined contribution (DC) plans. Hear more about the impact of DB plans on DC plan design and vice versa. Learn about the differences in DB and DC plan governance and cross-over opportunities between these plan solutions.

Description: The expanded use of predictive models, algorithms, and external consumer data has drawn the attention of the life insurance industry to the matter of fairness and bias in underwriting, including proposed regulation in states like Colorado and New York and a draft NAIC Model Bulletin. Insurers will benefit taking a proactive approach to verifying that their practices, both current and future, do not result in unfair discrimination. This session will help attendees in understanding potential requirements and reporting insurers must address, techniques and tools for evaluating bias, and challenges in doing so. At the conclusion of the session, attendees will be able to: - Understand proposed regulation and practices regarding fairness and bias - Identify tools and techniques for evaluating bias in their processes - Discuss the challenges the industry will face in addressing fairness in underwriting

Description: Join our expert panel for a deep dive into the evolving role of actuaries as technology and innovation reshape the insurance industry. This session will cover the impact of insurtech startups and emerging business models, as well as the competencies actuaries need to thrive in this changing environment. You'll gain insights from industry leaders, futurists, and experienced actuaries who have navigated significant changes in their careers. Learning Outcomes: Understand the key trends in insurtech and other emerging technologies affecting the actuarial profession. Identify the skills and knowledge actuaries need to adapt to the evolving landscape. Explore potential career paths and opportunities for actuaries in insurtech and other innovative areas. Learn strategies for staying resilient and relevant in a rapidly changing industry.

Description: This session aims to equip life insurance actuaries with the insights and tools needed to prepare for and navigate the sweeping changes that generative AI is poised to bring. Attendees will gain deeper awareness and understanding of how Gen AI will impact more broadly across their organization. They will be prompted to think more broadly on the subject rather than specific use cases, to consider wider operational and human impacts of Gen AI. This will include both positive impacts, to be capitalized, and negative impacts, to be understood and mitigated. The session will also afford the opportunity for the audience to share views and join in the discussion through polling and questions, and will therefore provide attendees with an opportunity to hear how others are considering these challenges.

Description: S&P Global published a revised insurance capital model in November 2023. The revisions add considerable complexity to their insurance capital model and rely more on companies to fill out the detailed model inputs. In return, the new model allows for better risk differentiation and an overall better assessment of insurance company risk-adjusted capitalization. In this session we will review the new capital model in-depth, considering its implications for capital management and product development. By the end of the session, attendees should have a deeper understanding of the revised criteria of the S&P insurance capital model, including its most important risk drivers and how it relates to the AM Best 'BCAR' and the NAIC RBC capital models.

Description: IUL continues to be the strongest selling UL product. Companies have great profit/pricing expectations, but are those results being achieved? Learn about potential areas of underperformance for IUL including behavior related issues, hedging inefficiency, and mortality issues. The session will also discuss ways to monitor these risks and discuss different means to address potential issues of underperformance in hedging, pricing and in force earnings.