Description: The Academy Economic Scenario Generator is set to be replaced by a new ESG created in a partnership between the NAIC and Conning. This summer, we will present three separate webinars that will investigate the key features of the new ESG, examine the process through which it was created, and discuss what it all means for actuaries impacted by the change.

Description: There are many underwriting issues being discussed in states that challenge how information is used in the underwriting process. Learn more about a variety of rules and regulations, especially Colorado’s proposed regulation requiring a governance and risk management framework for life insurance carriers’ use of external consumer data and information sources (ECDIS), and algorithms and predictive models using ECDIS. This Colorado proposal is more far-reaching than the requirements of other states like New York and Connecticut, who have put up guardrails for the use of new data sets and algorithms especially for underwriting. Listen in as experts discuss the potential issues and implications of this and other proposed regulations.

Description: Dive into the recent updates to the Bermuda Market and how this may impact current and future market players. Learn more about the Bermuda reserving and capital requirements and how the recent Bermuda Consultation Paper may impact the industry.

Description: Highlight key trends in life and annuity pricing, including pricing assumptions and pricing methodology. Participate in a discussion that includes pricing targets, use of value of new business (VNB), mortality assumptions, use ALM models and pricing scenarios.

Description: In this session a panel of industry experts from the life insurance industry will examine the modeling challenges created by increased investment in more esoteric assets.

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: Hear about the latest trends and insights as this panel discusses the happenings in the life insurance marketplace. Discover product, regulatory, underwriting, marketing, and other trends to help keep up to date on many of life's changing events.

Description: Electronic health records continue to evolve and gain traction in the life insurance industry. But what exactly are EHRs and what are the impacts for actuaries? How they are being used today and what are the benefits and challenges of implementing EHRs in life insurance underwriting?

Description: Insurers have long relied on scenario analysis to understand the long-term impacts of potential business decisions, but the advent of rapidly changing market environments and a growing desire to optimize capital has spurred business leaders to leverage new tools in order to explore potential options. Companies are beginning to explore new analytical solutions that trade-off accuracy for speed for a more robust approach to impact quantification. In particular, they are looking at the use of additional what-if scenario models, built from the top down, to support decision-making processes. Actuaries can help take charge in the development of these top-down analyses by leveraging data and actuarial techniques to supplement their existing models. In this way, business leaders can simultaneously rely on the actuarial rigor of typical standalone cash flow projection models, while also receiving support for real-time business decision-making. The potential of what-if scenario modeling can help actuaries unlock a powerful new approach to scenario analysis to enable more rapid decision-making. Learning objectives: In this session we will discuss the fundamental concepts of what-if scenario modeling in an actuarial context, including: - Core principles and components of what-if scenario modeling - Common challenges and considerations around the implementation of what-if scenario modeling - Potential solutions to challenges and their implications

Description: According to Oliver Wyman's 2023 Asset-Liability Management (ALM) survey, long-term care (LTC), universal life, and whole life insurance products have among the longest liability duration profiles, often with material asset-liability duration mismatches. Deploying an optimal strategic asset allocation (SAA) framework for these products is particularly challenging due to their: - Long-tail profile. Liability cashflows for long-duration insurance products often extend beyond the investment horizon of currently available assets (e.g., 30-year U.S. Treasuries) - Liquidity needs. Depending on the type and age of the insurance product, achieving your desired levels of projected liquidity becomes instrumental Solution: A robust liability-driven SAA framework with an emphasis on minimizing cashflow mismatch while considering a company's risk appetite and investment guidelines aims to reduce interest rate and liquidity risks. Case studies: LTC and life-focused case studies will provide insights into hypothetical SAA frameworks, including ways companies optimize their fixed-income assets. We will also explore techniques used to extend asset duration beyond a typical fixed-income portfolio, using derivatives and alternative assets.