Description: Robert Eaton, FSA MAAA Principal at Milliman and Long Term Care expert will explain the basics of long term care insurance including its origins, evolution, and key components. Robert is an expert in his field and author of the textbook Insuring Long-Term Care. The video highlights the critical role of LTCI in assisting individuals with daily activities when their health deteriorates due to factors such as aging, injuries, or cognitive diseases. Contributors: Robert Eaton, FSA MAAA Danica Turner, FSA, MAAA, CERA, Scott Allen, FSA MAAA Jon Forster, ASA MAAA

Description: Come discuss modeling costs and its governance, as well as introduce some platforms for more granular asset modeling.

Description: This session will focus on US GAAP accounting for life insurance and annuity transactions from an actuarial valuation perspective. With the high volume of recent M&A and reinsurance activity, many companies are onboarding blocks of business and performing Purchase GAAP or PGAAP-like exercises. Methodologies for establishing liabilities and intangible balances often vary based on the unique aspects of each transaction. This first half of this session will provide an overview of PGAAP elements and considerations, while the second half will dive into examples using interactive case studies. By attending this session, you will learn: Perspectives and approaches for initiating reserves and intangible balances when onboarding a new block of business

Description: VM-22 will be finalized during 2025 with an optional phase-in period beginning 1/1/2026 and mandatory implementation by 1/1/2029. This session will discuss the regulation, including background, calculations, high-level results from the field test and other modeling, as well as key considerations and documentation for actuaries and companies as they prepare to transition their fixed annuities into a principle-based reserve framework. Attendees will gain a clearer understanding of the new VM chapter as well as some of the thinking behind the decisions made.

Description: What do companies look at when they ultimately decide to pursue financial reinsurance? Or when they decide to develop a new product? This presentation will explore enterprise profitability frameworks and their impact on strategic decision-making. Having the right metrics and profitability measurement approach is crucial for life insurers to drive alignment with stakeholders on top-level objectives and frame trade-offs between competing enterprise financial goals.

Description: This session will provide a comprehensive overview of key aspects related to the GAAP/VM-21 valuation for RILA. We will discuss how VM-21 can reward companies for making conservative decisions and examine the key factors that drive different levels of VM-21 reserves and capital. We will also cover how ALM management for RILA differs from other annuities. The attendees will gain insights into practical considerations, challenges, and solutions in implementing RILA valuation.

Description: This session combines the promise of cloud technology with the art of actuarial model optimization to help actuaries unlock lower costs, faster run times, and enhanced capabilities. After a brief overview of cloud-based actuarial modeling, the panel-featuring modeling actuaries, corporate IT, and software vendors-will dive into practical strategies for realizing cloud benefits while streamlining model performance.

Description: This session explores the role of insurance-linked sidecars (Sidecars) and Incorporated Segregated Accounts Companies (ISACs) in Bermuda's insurance and reinsurance landscape. We will examine their structures, regulatory considerations, and how they can be leveraged for capital efficiency, risk transfer, and strategic growth. Attendees will gain insights into the advantages and challenges of using Sidecars and ISACs in the Bermuda market.

Description: With more accounting basis and regulations to adhere to, our models have become more complex and sophisticated. Additionally, more and more models are run on the clouds where a mistake can cost big dollars for reruns. In this session, we will explore immediate ways you can transform you models to be more reliable and robust. We will dive deep into different methods to review and validate models.

Description: Virtual - Session 4C: Price Transparency for Payer-Provider Negotiations