Description: Introduces the concept of total risk analysis, a methodology used to answer questions like "what are the chances we will lose more than $1 million"

Description: Almost half of recent FDA approvals have been for orphan drugs. This trend is expected to continue in 2023. Orphan drugs are priced more than 30 times higher than non-orphan drugs, therefore their cost burden in aggregate has the potential to overwhelm the budgets of payers, especially that of smaller health plans. Hear how the cost impact analysis for smaller health plans require different considerations than for a larger health plan when modeling the impact of rare diseases.

Description: This session combines the promise of cloud technology with the art of actuarial model optimization to help actuaries unlock lower costs, faster run times, and enhanced capabilities. After a brief overview of cloud-based actuarial modeling, the panel-featuring modeling actuaries, corporate IT, and software vendors-will dive into practical strategies for realizing cloud benefits while streamlining model performance.

Description: Learn about business Analytics in Insurance - Practical case studies and implementation.

Description: The editorial board of the North American Actuarial Journal (NAAJ) announces the recipient of the NAAJ Annual Prize for the best paper published in 2023, “The Economic Impact of Extreme Cyber Risk Scenarios,” coauthored by Martin Eling, Mauro Elvedi, and Dr. Greg Falco. The NAAJ is the scholarly journal of the Society of Actuaries (SOA).

Description: As long-term care enters into its fifth decade, the product continues to evolve. Current trends as well as innovative product designs pose many challenges as carriers seeks to model long-term care.

Description: The surge in interest rates over the past few years presents opportunities for life insurers to enhance their Asset and Liability Management (ALM) positions through asset rebalancing to narrow the duration gap and secure higher risk-adjusted yields. This webcast introduces a robust, efficient and readily-executable, liability-driven strategic asset allocation (SAA) framework and implementation considerations. At the conclusion of the webcast, attendees will learn about the key objectives and practical considerations for a successful SAA.

Description: Gather with members and non-members in the China actuarial community to discuss recent topics and related issues in areas such as macroeconomic sharing, pension, investment, product strategy, and more.

Description: Session 2B: Pharmacy Risk Mitigation - Pricing, Programs, Pools, and Performance Guarantees

Description: The panel will discuss several product challenges including modeling hybrid/combo long-term care products, modeling benefit options that are difficult to model using deterministic methods, modeling current situs of care versus original situs of care, monitoring assumptions, streamlining experience studies within the Long-duration Targeted Improvements (LDTI) framework, and model decision making with limited credible data. The panel will then move into solutions observed to address some of the aforementioned challenges and the future of long-term care modelling