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: Estimating premium deficiency reserves (PDR) for medical insurance and other short-duration health products is an area that not only requires application of actuarial judgment, but also alignment between actuaries, accountants, and regulators. Significant diversity of practice exists across the industry on a number of key issues, among them: how to group products for PDR measurement purposes; which future premium & claim cash flows to include (time horizon); forecasting future membership change; which administrative expenses to include; and how to think about investment income. In many cases, practices that are common in the actuarial community may be met with skepticism by auditors and/or regulators, and vice versa. This session will showcase the existing diversity of practice observed in both U.S. GAAP and U.S. Statutory PDR estimation, articulating multiple points of view on the issues noted above with a focus on finding common ground between actuaries and accountants.

Description: The Society of Actuaries will be offering this webinar series intended to educate and investigate aspects of life insurance, annuity, and long-term care product tax compliance. Developed by the Taxation Section, participants will be brought up to date on recent Internal Revenue Service (IRS) guidance and learn about the newest tax issues related to product design and administration. Legal, IRS and product development experts will provide vital insights into the challenges of developing and administering products within the requirements of the Internal Revenue Code (IRC) and allow ample opportunities for questions and information exchange. This session will feature legal, tax, actuarial and compliance experts. Recent legislative changes will be emphasized, including the Secure Act/Secure Act 2.0 and other items/questions that experts have seen increased industry activity.

Description: The landscape of insurance is ever evolving with pet insurance emerging as a significant and rapidly growing segment. This webinar will cover a broad spectrum of topics essential for actuaries venturing into pet insurance, including: The pet insurance market, including major players, consolidation of the market, M&A activity. Actuarial issues like anti-selection spirals and the need (and opportunity) for growth. Regulatory headwinds. Whether you're new to pet insurance or looking to deepen your expertise, this webinar will provide you with the knowledge and tools needed to navigate this growing field successfully.

Description: This session will address the risk management, reserving and capital issues associated with index-linked annuities including financial reporting considerations for FIAs and RILAs, benefits of combining VA and RILA hedging and reserving under VM-21, current and future challenges with FIA reserving under VM-22, potential capital redundancy for FIAs, RILA interim values under AG 54, NAIC economic scenario reform, asset modeling, fund mapping and more!

Description: With a quickly changing set of actuarial tools and practices emerging through artificial intelligence, technology regulations, Actuarial Standards of Practice, and more, it’s important to learn and discuss how to maintain professionalism in actuarial work and in consideration of the SOA Code of Conduct. Come to this session to learn about a variety of emerging topics, discuss case studies, and interact with other attendees to share your perspectives on maintaining a professional approach to valuation topics.By attending the session, you will be able to:· Apply actuarial professionalism concepts.· Identify key ASOPs and Code of Conduct Precepts for actuaries.· Learn about statistical methods and bias.

Description: Join us in this webinar where we explore the intricate relationship between Professional Employer Organizations (PEOs) and insurance, diving into the art of risk management within this industry. Gain a comprehensive understanding of the diverse insurance products offered by PEOs, the positioning of PEOs in the actuarial landscape, and the strategic navigation of regulatory challenges.

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.

Description: This session will delve into the results of a recent industry study exploring dynamic lapse behavior over the past five years in U.S. insurance products with general account credited rate-type features.

Description: This session will provide an in-depth exploration of model governance, with a particular focus on its relationship to model architecture and its role in fostering resilient, scalable models. We will examine key architectural principles—including scalability, flexibility, modularity, and standardization—and their impact on model reliability and maintainability.We will also highlight the benefits of conducting Architecture Reviews and introduce a development philosophy centered on writing resilient code, building trustworthy models, and implementing structured governance to mitigate risks and technical debt.Beyond architecture, we will take a broader look at model governance, outlining key roles, approval processes, and documentation standards that promote accountability and transparency. Drawing from real-world experience, we will share practical strategies for operationalizing governance and architectural best practices within a production environment, highlighting how these approaches support sustainable, scalable modeling frameworks.The session will also explore the consequences of weak governance—such as inefficiencies, compliance gaps, and audit vulnerabilities—underscoring the importance of proactive, structured oversight.Additionally, we will cover the latest regulatory updates relevant to actuarial model governance, including OSFI’s Draft Guideline, updates in AI-related regulation, and the BMA’s Consultation Paper on model validation.By the end of the session, attendees will gain practical insights into building and implementing governance frameworks that enhance model oversight, support regulatory compliance, and drive long-term sustainability in actuarial modeling.