Description: FAP module frequently asked questions

Description: In this AUW-inspiring session, we'll dive into a decade-worth of accelerated underwriting (AUW) random holdout and post-issue audit data collected across 30+ industry programs and learn monitoring best practices directly from two life insurance underwriting experts on the 'front lines' of monitoring. From the industry study, we'll explore misclassification trends, including the characteristics of applicants most likely to be misclassified in a random audit and how we use this monitoring data to estimate excess mortality 'slippage' in AUW programs. From first-hand experience, underwriters will highlight the challenges and benefits of various monitoring methods, including resource constraints and how targeted auditing can be leveraged to guide future program enhancements. Lastly, we'll discuss when year-over-year trends and claims experience become credible, and in the meantime, how to look for value beyond the slippage estimate to improve fluidless underwriting programs moving forward into the next decade and beyond! Learning outcomes: 1) Gain a solid understanding of common monitoring practices in accelerated underwriting programs 2) Explore an in-depth monitoring study of 30,000+ random holdout and post-issue audit cases across 30+ AUW programs spanning over a decade of issue years 3) Learn how to use monitoring data to estimate excess mortality 'slippage' in AUW programs 4) Discover how monitoring insights and techniques can be leveraged to improve fluidless underwriting programs moving forward

Description: This session will highlight the growing significance of climate risk for insurance companies, emphasizing how to prepare for regulatory requirements as well as the impacts on financial stability and operational resilience within the industry. Attendees will gain insights specifically addressing climate risk within insurance operations including enhancing governance structures, ensuring regulatory compliance, identifying and monitoring metrics and key risk indicators, and conducting scenario analyses. Through real-world case studies and perspectives from both life and P&C practitioners, participants will leave equipped with practical strategies to navigate the complexities of climate risk management, foster transparency and accountability, and effectively address the urgent challenges posed by climate risk within their organizations. Learning Objectives: - Understand the evolving landscape of climate risk and regulatory requirements for climate risk disclosure. - Gain insights into effective approaches and current best practices that actuaries and risk modelers may use in performing qualitative and quantitative climate risk scenario analyses. - Learn practical strategies for integrating climate risk considerations into insurance operations.

Description: An actuary striving for a broad leadership role needs to build strong communication and influencing skills, as well as strategic and general business skills. They must be able to quickly adapt to being submerged in a fast-paced, results-oriented environment. This workshop is intended to educate mid-level actuaries on the key characteristics that define good leaders and how to focus on building the skills necessary to successfully transition into a leadership role. At the conclusion of this workshop, attendees will: - Be able to determine if a leadership path is right for them - Learn the key competencies that make good leaders - Understand how to build the skills necessary to move from technical expert to leader

Description: At the conclusion of this session, attendees will be equipped to apply relative risk curves in their actuarial work, including the ability to examine dose-response relationships, apply population attributable fractions (PAFs), and develop customized risk models for cause-specific mortality and morbidity outcomes based on individual-level exposures to selected risk factors. These skills are becoming increasingly important as actuaries adopt novel applications of big data and dynamic health information to refine risk assessments and keep pace with global health trends.

Description: Medicare Advantage plans have been in the market for two decades. In this session, we survey the landscape changes from 2006 up to now, which include but not limited to the changes of enrollment, plan types, big players' market share, policies, and how players as well as beneficiaries react to the changes. This session intends to provide general MA knowledge and history to the audience with or without Medicare Advantage background.

Description: This session will discuss SECURE 2.0 and the recent required minimum distribution regulations, section 7702’s floor interest rates and managing contract changes, SECURE 2.0’s rules for withdrawals from retirement plans for long-term care insurance, and issues on the horizon such as the global minimum tax and Billionaire’s tax proposal.

Description: Is 2024 the year you need to implement U.S. GAAP Long-Duration Targeted Improvements for individual health insurance products? In this session, we will discuss implementation and the importance of working with accountants and IT to ensure a successful implementation. Some requirements will be a surprise to health actuaries.

Description: Sarah Rockhill, MPH, Geospatial Epidemiologist at CDC will discuss the latest in the Public Health 3.0 model in which leaders serve as Chief Health Strategists, partnering across multiple sectors and leveraging data and resources to address social, environmental, and economic conditions that affect health and health equity.

Description: It happens every year: hurricanes, wildfires, and floods destroy property, interrupt routine care, and exacerbate chronic conditions. Clearly, general insurance and health actuaries need to reflect these conditions in their pricing projections even though there are lots of unanswered questions about the frequency, intensity, and location of significant events. In this session, the presenters will discuss how to reflect the impact of climate change in the day-to-day work of health and general insurance actuaries. After this session, attendees will be able to: - Describe the impact of climate change on property damage and healthcare - Identify relevant data sources and methods needed to reflect the impact of climate change for use in the day-to-day work of health and general insurance actuaries - Discuss the risk associated with climate change