Description: This report presents research into recent population mortality experience compiled by the Retirement Plans Experience Committee (RPEC) of the Society of Actuaries Research Institute as it pertains to development of mortality improvement assumptions for measuring obligations of retirement programs in the United States.

Description: On March 6, 2023, The Wall Street Journal hosted its Health Forum, a hybrid all-day event. The virtual meeting featured 11 different events. This white paper focuses on those events. The sessions were informative and fast-paced, with each one providing a quick hit of relevant and cutting-edge information around health care.

Description: The world is facing a complex and rapidly evolving landscape of risks that threaten global stability and prosperity. From escalating geopolitical tensions and trade conflicts to the looming specter of economic downturns and disruptive technological change, a perfect storm of emerging risks is challenging governments, businesses, and individuals alike. As the interconnected nature of our globalized world amplifies the potential impact of these risks, it has become increasingly crucial for decision-makers to understand and proactively address the multifaceted challenges that lie ahead. This article will explore some of the key emerging risks and their implications, offering insights to help navigate these turbulent times.

Description: Today's best AIs often match human experts on routine tasks - but AI automation success requires skilled implementation. Nathan will present a field-tested, three-step method for automating cognitive work: (1) understanding what AI can do & choosing the right tasks, (2) documenting processes in the form of ""gold standard examples"", and (3) systematically optimizing AI performance – all using concrete examples from actuarial practice. Master this approach and amplify your own expertise by automating repetitive work with AI. Nathan Labenz, founder and former CEO of Waymark, is a technology entrepreneur and artificial intelligence analyst. With a background in science and an eye for innovation, Nathan led Waymark from its inception to its status as a trailblazer in generative AI-powered video creation. Currently, he hosts 'The Cognitive Revolution' podcast, where he explores the transformative impact of artificial intelligence on work, life, society, and culture. Through his conversations with notable builders, researchers, and investors, Nathan helps business, policy, and academic leaders stay up to date with AI developments and implications.

Description: Understanding how to effectively adopt AI is critical to staying competitive. This session will guide you through the five stages of AI adoption, with a deep dive into two key stages: Operational Optimization and Collaborative AI Integration. You will learn how to harness AI to streamline operations and boost efficiency, while also exploring the nuances of integrating AI in decision-making to enhance outcomes through human-AI collaboration.If you are seeking practical insights on maximizing AI's benefits while maintaining human oversight, this session will provide the tools and strategies to help you do just that—ensuring that your AI adoption journey is both effective and aligned with your business goals.

Description: This session is open to all, but targeted to pension actuaries looking to understand the mechanics of how PRT is priced by life insurance actuaries, as well as life insurance actuaries who wish to understand how the stream of expected benefit payments and Accrued Benefits Obligation is calculated by Retirement Actuaries. Pension Risk Transfer involves two distinct disciplines of the actuarial profession. To date, understanding the other side of Pension Risk Transfer has been limited. This session will attempt to clarify the mechanics of the other side of PRT and explain how an actuarial model consolidating the two separate sides can be built. Panelists will include a retirement consulting actuary who helps retirement plan sponsors bring their pension plans to market to purchase PRT, as well as an experienced life insurer who works to price PRT.

Description: This session will cover the treatment of various forms of reinsurance under Valuation Manual-20 (VM-20). Speakers will discuss the implications of various types of reinsurance agreements on the calculation of principle-based reserves (PBR). This will include coinsurance and modified coinsurance, guaranteed and non-guaranteed yearly renewable term (YRT), as well as financial reinsurance. Additionally, practical considerations for PBR in 2024+ will be discussed including adopted and active APF's, their content, and emerging issues.