Description: The life insurance industry has been dealing with low interest rate environment for many years. As a result, investment incomes have been low but many have found ways to embrace and deal with it. Recently, the interest rates have started to increase and at times are moving rather rapidly. While a rise in interest rates is perceived as a good thing, a rapidly rising interest rate environment can be problematic. Additionally, is 'lower for longer' no longer the norm? Learn more about the recent trend of rising interest rates and what can actuaries do about it in consideration to pricing and risk management.

Description: A panel of actuaries and investment experts share their experience with the AG53 requirements for Asset Adequacy Testing. They will discuss challenging areas in the inaugural year of the consideration of complex assets as well as discuss potential areas of future regulatory expectations.

Description: Dive into the approach and adverse effects of the regulation of 3rd parties and advance consent by the proposed NAIC Consumer Privacy Protection Model Law #674. The regulation of 3rd parties through their contracts with insurers will be explained. Specifics will be provided on the negative effect on companies contracting with 3rd parties. The requirement for advance consent for use of personal data for actuarial and marketing studies will be explained, and two potential solutions will be presented.

Description: Advancements in machine learning modeling as well as new sources of data coming to the fore help feed the burgeoning industry of InsurTech applications in underwriting. By attending this session, you will learn about the latest developments in InsurTech applications in life/health insurance underwriting.

Description: As actuaries pass the actuarial exams and become subject matter experts, a common path of career development is to transition from individual contributor to manager. There are various paths that one could take to be a successful people manager, but certain traits and skills are essential to be both a good people manager and mentor. Those traits and skills could take different forms. Join us as we discuss how a commitment to learning and development, emotional intelligence, patience and flexibility will build trust, bonds and a successful team.

Description: Actuarial transformation initiatives often require significant investment in time and resources. However, not all initiatives deliver the desired results. Complex integrations of new data and technology pose a significant challenge for business and technology teams to deliver on time and on budget. This challenge can be overcome if addressed thoughtfully with emerging technology and business-friendly tools which offer benefits to both actuarial business users and technology professionals. In recent years, low-code technology has emerged which empowers actuaries by providing capabilities for data analytics, self-service, and visualization without requiring extensive technical prowess. Pairing these tools with emerging cloud-based data management solutions allows actuaries to quickly manage and analyze large data sets along with enhanced governance and integration. By adopting these technologies, actuaries are empowered to deliver better outcomes for their organizations Come explore a panel of actuarial business and technology experts who will share their insights and experiences on how low-code technology solutions can empower actuaries with better access to data and analytics. The panelists will discuss real-world case studies to demonstrate the practical benefits of these tools and how they can be used to achieve better business outcomes.

Description: Join us to learn how life insurers and reinsurers have partnered with biotech innovator GRAIL to help save lives by offering a multi cancer early detection test. After a year of partnership, we are excited to share the impact we've had on people's lives and the progress we've made in different pilot programs. During this session, you will learn about key findings from these programs, and how life insurers can take action and bridge the gaps in the US healthcare system to achieve one common goal with their policyholders: help them live longer and healthier lives. More broadly, the purpose of this session is to educate and showcase how insurance companies can step out of their traditional role and use creative solutions to solve problems that benefits both the policyholders and the insurers.

Description: While the higher general inflation in the broader U.S. economy hasn't emerged in the healthcare market (yet); there is expectations for it to have a lagged impact especially as the full impact of COVID on suppressed utilization emerges. As the healthcare system transitions past COVID, overall costs are expected to trend higher due to overall inflationary pressures as well as new treatments such as the highly anticipated new gene and cell therapies often with costs over millions of dollars.As costs rise, more companies are looking to self-insure their health insurance to control cost increases and are leveraging innovative stop loss programs including captives. Captive insurance markets have seen significant growth and diverse implementations allowing companies to self-fund while managing the risk of large claims and increasing costs. Payers are also looking to control costs and implement value based payment schemes to bend the trend curve and manage costs. Medicare has also adopted new value based payment programs (ACO Reach) which will impact commercial payers and are important to understand. Come gain an understanding of the historical and projected future medical cost drivers including the projected impact of new therapies and then impact on the stop loss markets. Additionally, you'll gain a deeper understanding on how recent innovations in the stop loss market such as the growth in the captive market, level funded and aggregate only products have helped employers manage their costs and overall risk profile.

Description: Best-in-class analytics allow companies to quickly understand results and dynamically manage their business. When enhancing analytics, we can learn from companies that have recently deployed new dashboards for Long Duration Targeted Improvements (LDTI), International Financial Reporting Standards 17 (IFRS17) and principle-based reserving (PBR). Data transformations and new software tools provide significant opportunities, but many companies are grappling with an actionable path forward to implementing new analytics.

Description: What are the recent trends in mortality? Should we expect different mortality experience in a post-COVID-19 world? Join us as we review the latest emerging trends in U.S. population mortality. By the end of this session, you will understand the impact of COVID-19 on future mortality experience. You will also understand other major causes of mortality and how they are trending.