Description: This session will explain how, by applying his or her educational background and business experience, an actuary can quickly learn the basics of data science and perform the important modeling work of insurance.

Description: The speakers will discuss the replication of long-term options, including a discussion of issues such as liquidity, transaction costs, slippage, impact of policyholder behavior, and machine learning algorithms to improve hedge effectiveness.

Description: The speaker will discuss the training of neural networks to compute future Greeks of liabilities (or options) without the use of nested stochastics.

Description: In recent years, the domestic insurance brokerage channel has witnessed significant breakthroughs. As a company with multi-channel development strategy, Aviva-Cofco Life also faces the challenge of channel conflicts in the rapid growth of both individual and brokerage channels. The presenter will share Aviva-Cofco's experiences, lessons learnt, gains and losses in product development in response to channel conflict, and introduce some of the practices of foreign markets for reference.

Description: Large claims have always been a major source of volatility in health care claims experience. In this session, the presenters will discuss techniques for analyzing large claims, predicting large claims and measuring the associated risk. The presenters will also discuss the early results of the SOA 5/50 research project which will examine the 5% of the population that accounts for 50% of the health care costs.

Description: With freezing and termination of DB plans, there is a growing void in retirees' retirement planning that can best be solved by annuities. The presenters will discuss different ways that annuities can be used to provide retirement income in DC plans. They will also cover industry trends and the challenges of associated with adding annuities within DC plans

Description: The speaker of this session will discuss some common difficulties one encounters when dealing with exotic equity linked derivatives. In particular, a study of a Monthly Sum Cap (MSC) will be presented. Pricing issues, along with dynamic hedging, as well as projections of MSC into the future will also be discussed. Time permitting, some aspects of historical performance will also be addressed

Description: Why should actuaries care about non-quantitative considerations? We are the masters of accurate calculations, and our models should be based solely upon logic … right? Wrong! The touchy-feely holistic, irrational factors encountered so often in the real world, can wreak havoc upon a model that considers only rational logic. Our 2016 presidential election was a dramatic wake-up call to statisticians and actuaries that numbers alone are not always the determining factors in economic outcomes. Learn why this is true, and how you can adapt your models to better represent the real world, and gain competitive advantage.

Description: This session will explore the practical aspects of bringing models to production, maintenance and management through its entire lifespan. Topics covered will include: production considerations, versioning, documentation, peer review and monitoring the model over its lifespan.

Description: The NAIC has adopted revised VM-21 and AG43 for variable annuities, effective Jan. 1, 2020. The panel of presenters will provide background and an overview of the revisions, discuss detailed aspects of the new CTE Amount Standard Projection and prescribed assumptions, as well as discuss implementation considerations and the implications to hedging. In addition, the panelists will share progress on VM-23, principle-based reserves for non-variable annuities.