Description: "Court is in session and you are the jury! Follow along as challenging aspects of actuarial professionalism are explored in a court-like setting. Deliberate among your peers based on what you already know from your own experience as well as what you learn in this session, and then deliver your verdict accordingly. If you attended in the past, plan on joining again as we will have new material and updates for discussion. Who says learning about actuarial professionalism can't be fun? By attending the session, you will be able to: Apply actuarial professionalism concepts Identify key ASOPs for actuaries Explain significant aspects of the U.S. Qualification Standards"

Description: In 2021, the Actuarial Standards Board (“ASB”) of the American Academy of Actuaries approved the re-grouping of the Enterprise Risk Management (“ERM”) Committee of the ASB to review the existing Actuarial Standards of Practice (“ASOPs” ) as they related to ERM, and assess whether they were still appropriate and relevant in the light of developments and changes in practices over the years. Most notably ASOP 46, Risk Evaluation in Enterprise Risk Management, and ASOP 47, Risk Treatment in Enterprise Risk Management, were prepared at a time when ERM as a field of practice for actuaries was in fledgling form, with a relatively small number of actuaries having experience in the area. However, in the years since, actuarial practice in the field has evolved considerably. Moreover, ERM nomenclature has also evolved. Coming out of the work of the work of the regrouped ERM Committee of the ASB, ASOP 58, Enterprise Risk Management, has been developed. It was approved by the ASB in December 2024 to replace ASOP Nos. 46 and 47 to better reflect today's ERM practices and terminology, and to align with ASOP No. 55, Capital Adequacy Assessment. The new ASOP will be effective May 1, 2025.ASOP 58 applies to valuation actuaries subject to ASOPs as promulgated by the ASB when performing actuarial services with respect to developing, maintaining or reviewing all of part of an ERM framework.In this session, panelists will give an overview of the ASOP, and discuss its practical implications. Panelists will include one or two members from the drafting committee, plus one or two senior risk practitioners who will highlight how the ASOP has impacted their work.

Description: At this engaging professionalism webcast, be prepared to reflect on the values of the actuarial profession and in particular the actuarial standards of practice related to long-term care.

Description: "Risk adjustment (RA) is a key component for CMS Medicare Advantage program and California Medicaid Managed Care program. While both RA programs follow generally accepted basic principles at a high level, their underlying methodologies and assumptions are also quite different. Due to recent events such as COVID-19 Public Health Emergency and Medicaid redetermination delay and restart, it adds complexity to Risk Adjustment. This is a hot topic in the industry and has significant impact to health plans. Keeping current with risk adjustment program changes and understanding the commonalities and differences of these two government risk adjustment programs is important to our health actuaries. Compare these two risk adjustment programs so you can learn key elements of a risk adjustment program, similarities and differences in methodology and assumptions , as well as special considerations due to serving different populations."

Description: Large Language Models can help you write emails, code in SQL, R and Python, and be more efficient. But should you use it? Let's review the professional guidance available to actuaries, including the work from the Academy of Actuaries.