Description: Insurers have long relied on scenario analysis to understand the long-term impacts of potential business decisions, but the advent of rapidly changing market environments and a growing desire to optimize capital has spurred business leaders to leverage new tools in order to explore potential options.

Description: The rapid evolution of life insurance underwriting has created pricing and operational challenges and raised new questions about established approaches to assumption development, both of which demand a fresh perspective. As underwriting methods evolve, we find ourselves navigating uncharted territory. In this session, we delve into accelerated underwriting, focusing on two critical areas. First, we explore assumption setting in this new world, where numerous interaction effects can make it feel like we’re asked to consider everything, from every angle, all at once. Considerations for assumption setting must encompass early performance indicators—what signals inform our assumptions? Additionally, we address novel underwriting approaches and how to adapt assumptions for these paradigms. Furthermore, in the context of post-COVID claims experience, we discuss distinguishing meaningful insights from noise. Second, we examine declinable risks and their impact on mortality. In this new world ushered in by accelerated underwriting, previously excluded risks—low-frequency, high-severity declinable cases—are now part of the landscape. Quantifying their mortality impact challenges us, as historical data lacks systematic tracking. To quantify declinable risks, we draw upon research findings from analyzing 27 million life insurance applicants, providing valuable insights for attendees to navigate this dynamic landscape and make informed assumptions for pricing and risk management.

Description: As VM-22 reshapes requirements for a large range of products, companies must move beyond compliance to build scalable, insightful, and cost-effective processes. The focus of this session is beyond compliance with VM-22—addressing the importance of post-processing workflows that support assumption traceability and VM-31 reporting, the challenges of stochastic reserve projections, and the need to modernize infrastructure for data and ALM scalability. Together, these efforts will enable a more strategically valuable implementation of VM-22.

Description: Learn about the innovations of life & health products and distribution in the Asia market.

Description: This webcast will cover the results and findings from the Society of Actuaries 2024 Retirement Risk Survey. Insights and learnings from the researchers will be presented.

Description: Session 3A: State-Specific Enrollment Modeling - Understanding Disenrollment Trends and Population Dynamics

Description: Session 2H: Reinsurance Market Update

Description: Welcome and Opening General Session Keynote

Description: Global Growth and Window Takaful

Description: What is Transparency