Description: The COVID-19 pandemic has been an acute reminder of the material impacts that pandemics can have on Life (re)insurance and society at large. Learn to describe the journey of a Life reinsurance practitioner to model and operationalize pandemic and infectious disease risk, why this is of importance to actuaries, and their risk management. It will consider how such models have been used, developments over time, and challenges in using and calibrating these models. The session will also provide perspectives from a pandemic model provider who will describe the fundamental metrics for pandemic loss distributions and how learnings from the COVID-19 pandemic can be used to quantify the potential impact of the next pandemic. Finally, dive into an outline of how biological principles can be applied to anticipating plausible pathogens causing the next pandemic.

Description: Smaller carriers often think reinsurance is out of reach, while reinsurers may dismiss them as not worth the effort. But that is not necessarily the case. In this interactive session, help us challenge our panel to dispel the myths around small carriers and reinsurance. The panel of representatives from small carriers, reinsurers and other experts will be peppered with questions from the moderator as well as from you and others in the audience. We'll ask them to share their insight and experiences about building partnerships, setting up successful reinsurance programs, and identifying and avoiding potential pitfalls.

Description: Dive into an integrative approach to Precision Medicine - how our modern capacity to interrogate a disease heterogeneity (from omics and phenotyping) and parallel advances in 'big data' together are driving to transform the practice of traditional medicine to precision medicine. After defining the relevant terminologies and the components of precision medicine, the speaker will walk through the spectrum in precision medicine and how it leads to personalized management of disease, which can impact underwriting approaches, product development and pricing. Diabetes will be used as a specific example.

Description: Product complexity, the services provided by distributors, their method of obtaining clients, and their relationship to insurers all affect the characteristics of in force membership. Selecting the distribution channel(s) for a product can have a significant effect on overall profitability. Total sales, acquisition costs, anti-selection/quality of business, persistency, control over market targeting, etc., will vary based on the initial strategy decisions and future adjustments. Gaining a high-level understanding of distribution channels will help develop an appreciation for the importance of these decisions.

Description: Welcome to the future of insurance, for actuaries and non-actuaries! Discover how cutting-edge AI models are revolutionizing underwriting, risk assessment, and customer experience for the insurance industry. Experts in management consulting and actuarial consulting firms will provide valuable insights into the consideration and challenges surrounding the adoption of Generative AI.

Description: "Most patients enter the health care system through their primary care provider or through the Emergency Room or an Urgent Care Center. How an emergency room is structured, managed, and provides care is one of the major forces impacting the total cost of care. Yet it is often an after-thought and ignored by both health plans and health systems. In reality, the structured introduction of efficient practices can substantially reduce the quantity and cost of health care services. Further explore useful information to better understand and see how there are still substantial opportunities for improvement."

Description: One common barrier to employing GLM modeling is the lack of sufficient data. This limitation often comes from the combination of the considerations in ASOP No. 25 “Credibility Procedures” and the fact that GLMs assign full credibility to the data. Explore the possibilities of credibility-based regression by expanding the intended purpose of modeling analysis from producing a single model as output to producing data insights, credible differences, and a range of reasonable models.

Description: Come learn from a panel of LTC industry professionals as they discuss setting goals for LTC wellness, measuring success of the programs, and integrating them with other LTC process (e.g. assumption setting) in an effort to create sustainable programs.

Description: "Welcome to the 2023 Virtual Health Meeting, an exciting and informative opportunity to learn about the latest developments and trends in the health care industry. Engage in thought-provoking discussions and learn from experts in the field, all conveniently from the location of your choice. Dr Erica Thompson, author of “Escape from Model Land” will discuss how to tackle data bias in models. She is an Associate Professor of Modelling for Decision Making at University College London, Department of Science, Technology, Engineering and Public Policy."

Description: As we entered 2014, actuaries became familiar with three risk stabilizing mechanisms in the early years of the ACA marketplaces, colloquially known as 'the 3Rs'. As we enter 2024, there is renewed focus on rating compliance and risk adjustment. Speakers will highlight pricing considerations when determining cost-sharing reduction premium loads as well as related issues pertaining to risk adjustment and metal tier pricing.