Description: This session will take a deep dive into emerging mortality experience for long-term care policyholders over age 90. How do we sort fact from fiction when it comes to recent experience that is blurred by the pandemic? This session will look at actual experience of healthy and disabled policies before, during and after the pandemic to help actuaries set assumptions.

Description: "Modern actuarial work, being highly data-intensive, offers many opportunities for actuaries to apply the statistical skills gained through their basic training. Advances in computing allow us to analyze vast quantities of data efficiently, and many software packages provide statistical 'answers' to almost any question an actuary might ask. However, in this field, it is often worth taking a step back, and ensuring that we recall and consider the warnings that come with each of the statistical procedures we might attempt to use. This will allow us to ensure that we guard ourselves against drawing inappropriate conclusions, which could come back to haunt us later. At the conclusion of the session, attendees will be able to avoid drawing inappropriate statistical conclusions while doing their work. They will leave informed about the types of pitfalls that exist and where those might come into play in actuarial work."

Description: "The Individual Life Experience Committee continues to unlock valuable insights from the VM51 data as the NAIC releases it. In this session, attendees will get a preview of individual life mortality patterns during COVID-19 for more than 100 companies in the NAIC data for the years 2020 to 2021, the first years of the pandemic. The session will also share early findings from the committee's latest initiatives, including the integration of predictive analytics into reporting products, assessment of simplified and accelerated underwriting, exploration of joint life mortality, evaluation of company-level differences, and continued research into old-age mortality patterns. Attendees will leave the session with enhanced knowledge for assessing best-estimate mortality for valuation purposes."

Description: This session will explore the uses of financial models at companies as well as the history of how we have arrived at the current day status of how models are used and viewed internally. Financial models can be very useful tools for many actuarial purposes - a key asset for many areas of a company including forecasting and understanding key shifts in business demographics. However, many modeling challenges have companies treating models as a liability and only using them for necessary processes. This session will explore why this is the case and explore opportunities to turn financial models into a key asset supporting key decisions.

Description: Long-term care insurance (LTCI) covers the cost of long-term care services and supports, which can include skilled nursing, assisted living facility, and home-based care. LTCI may be used both to cover care costs and protect beneficiaries’ assets. The rapidly increasing number of older people in the United States will greatly increase the need for long-term care. As the landscape of long-term care continues to evolve, recent trends indicate a significant shift towards product design innovation, inforce management strategies, and policyholder engagement. This session will address several facets of the current state of LTCI as well as potential future evolutions of the product.

Description: In 2006, a pioneering research paper was published on practical considerations for Economic Capital (EC), which has remained a staple on the Society of Actuaries (SOA) exam syllabus ever since. For many, that time represented the golden era of EC-often dubbed the œquantification of Enterprise Risk Management with nearly every major U.S. life insurer performing some form of EC calculation. However, following the 2008-2009 financial crisis, EC fell into disfavor in some circles. Several companies that appeared healthy from an EC perspective prior to the crisis were found to be far more vulnerable afterward.

Description: Discover the essentials of health reserving in the bustling city of Chicago. This introductory session is designed to demystify the fundamentals of health reserving for actuaries. Explore key concepts such as reserve calculations, methodologies, and regulatory requirements.Led by experienced professionals, this session will equip you with the practical skills and knowledge needed to perform health valuation. Engage with fellow participants and immerse yourself in the vibrant energy of the Windy City as you build a solid foundation in health reserving. Whether you're new to the field or seeking to refresh your understanding, this session is your gateway to mastering health reserving basics in Chicago's dynamic environment.

Description: Diane Swonk, Economist, KPMG, Currently the chief economist for global auditing firm KPMG, Diane Swonk has more than 30 years of experience in financial services and sits on advisory committees to the Federal Reserve Board and its regional banks. She is currently on the U.S. Chamber of Commerce economic advisory board.

Description: IFRS 17 is transforming insurance financial reporting around the world, and Latin American markets are at different stages of adoption and implementation. This webinar will provide an overview of the IFRS 17 standard and explore its practical implications for insurers in Latin America, with a particular focus on current practice and industry experience. This webinar is for actuaries, actuarial teams, and other supporting roles working with IFRI reporting requirements and IFRS 17 reporting standards applicable to insurance products. The discussion will be of interest to actuaries and other professionals working in or with insurance companies, especially in Latin America and other Spanish speaking markets, including those in life, general insurance (P&C), health, and reinsurance. The content is suitable for a wide range of experience levels, from early career to senior practitioners with responsibility for financial reporting, valuation, or risk management under IFRS 17. If you are IFRS implementer regardless of the stage of implementation or an IFRS practitioner, this session is for you! Come learn about the resources from the SOA that can support your work, including an IFRI Certificate that offers a recognition of your skills and knowledge of this area. There will be an opportunity to ask questions in the Q & A part of the session. The webinar will be conducted in English with an option to submit questions in English or Spanish.

Description: In this topic call, we will focus on opportunities for actuaries to flex both their entrepreneurial and innovative muscles within a standard insurance / consulting environment, with a focus on how practitioners of all levels can influence a company’s products, processes, and more. We’ll touch on how to gain buy-in and momentum for innovative ideas and how to fold this into the fabric of your day-to-day work. A companion podcast Innovation in Insurance – A Conversation with Jason Hiquet is recommended listening prior to the topic call.