Description: Discussion of how to mature value-based contracts between health insurers and provider organizations to improve population health and financial sustainability. Centers around contract parameter consistency, revenue predictability and risk assessment. Intended audience are health plan and ACO actuaries and leaders. Authors are writing from the provider perspective in value-based contracts.

Description: A summary of the recent SOA Product Development Section webinar, Challenging the Status Quo: Emerging LTC Product Designs. Summarizes discussions on how the LTC industry can overcome existing hurdles and evolve to meet consumer needs.

Description: An update to the risk management readers on what the JRMS is planning to do over 2023 to serve its membership.

Description: Article describing content and key takeaways from experience completing the SOA PA Certificate

Description: This article provides information on the 2025 SOA Health Meeting, including how to submit a proposal, key dates, and other relevant information.

Description: Technology has streamlined countless processes in our daily lives, and insurance is no stranger to this transformation. Technology can make insurance simpler and more personal for consumers, and can enable actuaries to better analyze unstructured data, make good decisions, create new products, and find channels to enhance profitability, provided they can tame the flood of information pouring in from across the digital ecosystem.

Description: The IFRS Foundation’s establishment of the International Sustainability Standards Board is a major step toward achieving relevant, decision-useful sustainability information for market participants that is comparable across industries and jurisdictions.

Description: The 2024 Actuarial Teaching Conference (ATC) provided an engaging platform for actuarial educators to explore current trends and challenges in the field. Organized by a diverse planning committee, the conference introduced new interactive formats, including roundtable discussions that encouraged in-depth dialogue on key topics such as artificial intelligence, student behavior, and experiential learning. One of the major highlights was the strategic focus on networking, with efforts made to facilitate connections before, during, and after the event through digital platforms. Challenges such as selecting diverse yet cohesive presentation topics and scheduling concurrent sessions were effectively addressed by aligning themes with participants' interests. Feedback from attendees was overwhelmingly positive, particularly regarding the innovative roundtable format, which fostered meaningful conversations and idea exchange. The success of this conference was attributed to meticulous planning, adaptability, and a commitment to innovation, setting a high standard for future ATCs.

Description: The article introduces a cashflow matching strategic asset allocation (SAA) framework for life insurers. Given the recent shift to higher interest rates after two decades of persistent low interest rates, insurers have an opportunity to enhance their asset liability management by rebalancing asset portfolios to narrow duration gaps and attain higher risk-adjusted yields. The framework aims to align investment objectives with economic, regulatory, and rating agency requirements. It prioritizes cashflow matching as the primary optimization goal and incorporates security-level asset information to assist portfolio managers in executing SAA seamlessly. The article highlights the benefits of the cashflow matching SAA framework, including greater attention to cashflow matching, unbiased results, readily executable strategies, and stable economic reserves. A case study is included to demonstrate the effectiveness of the framework in improving risk-adjusted return and cashflow matching for a representative liability block.

Description: Distribution channels matter because they impact how products reach the clients, client experience with the company, and are a key driver in total company performance. Think about this, the pricing actuaries could design innovative products that meet client needs, but without distribution channels communicating the right messages to the clients and addressing their questions, the products probably would not sell.