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: 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: 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: 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: When designing and pricing a healthcare product, it is not only important to know how to model frequency and severity, but it is essential to understand human behavior. Of course, the issue of anti-selection in medical insurance is well known as individuals know more about their health and prior expenditures than an insurer does. This type of behavior is certainly rational, and to be expected.

Description: GI 301 – Further Topics in General Insurance - Syllabus

Description: Exam P Syllabus