Description: The rapid evolution of life insurance underwriting has created pricing and operational challenges and raised new questions about established approaches to assumption development, both of which demand a fresh perspective. As underwriting methods evolve, we find ourselves navigating uncharted territory. In this session, we delve into accelerated underwriting, focusing on two critical areas. First, we explore assumption setting in this new world, where numerous interaction effects can make it feel like we’re asked to consider everything, from every angle, all at once. Considerations for assumption setting must encompass early performance indicators—what signals inform our assumptions? Additionally, we address novel underwriting approaches and how to adapt assumptions for these paradigms. Furthermore, in the context of post-COVID claims experience, we discuss distinguishing meaningful insights from noise. Second, we examine declinable risks and their impact on mortality. In this new world ushered in by accelerated underwriting, previously excluded risks—low-frequency, high-severity declinable cases—are now part of the landscape. Quantifying their mortality impact challenges us, as historical data lacks systematic tracking. To quantify declinable risks, we draw upon research findings from analyzing 27 million life insurance applicants, providing valuable insights for attendees to navigate this dynamic landscape and make informed assumptions for pricing and risk management.

Description: The Society of Actuaries will be offering this webinar series intended to educate and investigate aspects of life insurance, annuity, and long-term care product tax compliance. Developed by the Taxation Section, participants will be brought up to date on recent Internal Revenue Service (IRS) guidance and learn about the newest tax issues related to product design and administration. Legal, IRS and product development experts will provide vital insights into the challenges of developing and administering products within the requirements of the Internal Revenue Code (IRC) and allow ample opportunities for questions and information exchange. This session will feature an open forum for seminar participants to engage in Q&A with industry leading panelists.

Description: The Society of Actuaries will be offering this webinar series intended to educate and investigate aspects of life insurance, annuity, and long-term care product tax compliance. Developed by the Taxation Section, participants will be brought up to date on recent Internal Revenue Service (IRS) guidance and learn about the newest tax issues related to product design and administration. Legal, IRS and product development experts will provide vital insights into the challenges of developing and administering products within the requirements of the Internal Revenue Code (IRC) and allow ample opportunities for questions and information exchange. This session will provide an intense introduction to the basics of product taxation, with a focus on life insurance and the requirements of Section 7702.

Description: Explore the intricate world of asset-intensive reinsurance in this session, designed to demystify the complexities and highlight the strategic importance of asset-intensive reinsurance in today's financial landscape. Delve into how insurers are leveraging asset-heavy portfolios to optimize risk management and enhance capital efficiency. We will discuss the latest innovations and practices shaping the industry, offering a clearer understanding of the opportunities and challenges inherent in this approach. Whether navigating regulatory changes or seeking to optimize risks and return on capital, this session provides the essential knowledge needed to thrive in a rapidly evolving market. Join us for a deep dive into the strategies that are reinsuring the financial future.

Description: Dive into the vibrant world of Bermuda's reinsurance market! This session will provide a comprehensive overview of the latest market trends shaping Bermuda's dynamic landscape. First, we will discover how global shifts and regulatory changes are influencing market strategies and review recent deal activity. Afterward, we will explore hot topics in offshore valuation, exploring innovative approaches and methodologies that are emerging in this unique jurisdiction. Whether you're interested in market dynamics or valuation intricacies, this session promises to equip you with the insights needed to stay ahead in Bermuda's ever-evolving financial ecosystem. Join us for an informative journey that combines expert analysis with practical insights.

Description: Most people will now have had some exposure to large language model tools such as ChatGPT and will have been impressed by their ability to write essays or generate computer code. However, fewer people will be aware of the next phase of AI, which will turn AI chat assistants into more fully fledged AI colleagues.

Description: Want to know what's going on with life products? Come hear the life product update in the style of talk show that will provide you with quick hits on what's going on with life insurance products including new products, regulations, and trends on the life insurance space.

Description: Take your professional development to the next level, all in one place. Join SOA Board President Dave Dillon and fellow leaders for an inside look at Professional Development Edge+ (PD Edge+), the Society of Actuaries’ comprehensive subscription for continuing education, created by actuaries, for actuaries. Now, in its second year, PD Edge+ is trusted by 88 corporate subscribers to meet their continuing education needs. This webcast is designed for both current subscribers and those exploring what PD Edge+ has to offer. During the session, you’ll see how PD Edge+ simplifies earning CE credits and staying current on industry trends. Don’t miss this opportunity to discover how PD Edge+ can make your learning more engaging, convenient, and impactful.

Description: The Smaller Insurance Company Section Buzz Groups at the Valuation Actuary Meetings and the SOA Annual Meetings have always generated great discussions, ideas, and opportunities to hear about topics that affect the actuarial work of small companies. Join us for the Smaller Insurance Company Section Buzz Group to discuss the issues affecting Smaller (and larger) Insurance Company actuaries during these emerging changes. Bring your thoughts, opinions, ideas, and participation to discuss our special concerns.

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.