Description: The purpose of this session is to discuss hot topics pertaining to post-LDTI GAAP valuation for FIA and RILA products including FAS 133, market risk benefits, intangibles, and ceded GAAP. At the conclusion of this session, attendees will have a clear understanding of how the industry views GAAP approaches to indexed annuity products in a post-LDTI framework. In addition, attendees will learn about ongoing pain points in GAAP valuation for indexed annuities and areas of post-LDTI GAAP where the industry still has broad variation in methodology and application.

Description: The session will discuss key areas of statutory reserving that contain some ambiguity or areas where there are simplifications being used in the industry. The content will be based on current practices used in the industry and possibly accompanied by an industry survey to be completed prior to the session. The focus will be heavily on CRVM, AG38, and PBR statutory frameworks and will include a Q&A portion for audience participation. Some potential topics will be reinsurance modeling, DBO3/ROP treatment, segmentation, deficiency reserves, system differences and multi-tiered designs

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: La comprensión y la proyección de la evolución futura de la mortalidad es crucial para decisiones en campos como la salud pública y la planificación de sistemas de seguridad social y pensiones.

Description: Hybrid life and LTC products are growing in popularity, and reserve calculations for these products pose unique challenges. Find out how practitioners are thinking about modeling, assumption updates, and product considerations.Attendees will be able to describe today's hybrid product reserving considerations, including keys to reserving for acceleration (vs. extension and restoration) benefits, under different reserve paradigms.

Description: This is a session for liability side actuaries that want a summary of asset valuation principlesTopics to be discussed: why it's important in today's world to know both sides of the balance sheet.Discussion of yield curves including spot rates, forward rates, coupon rates and bootstrappingDiscussion of duration calculations including explanation of modified duration for contracts with embedded options, key rate durations.Summarize today's regulatory environment in the context of embedded options including MRB, VM21, and VM22Next, we will dive into duration profiles of different asset classes including, CLOs - floating rate, RMBS (negative convexity), traditional bonds, and swaps.Lastly, we will discuss risk neutral scenarios, martingale tests, and applications in hedging MRBs.

Description: Most people will now have had some exposure to large language model tools such as ChatGPT and will have been impressed by their ability to write essays or generate computer code. However, fewer people will be aware of the next phase of AI, which will turn AI chat assistants into more fully fledged AI colleagues.

Description: VIRTUAL - Session 1A: AI Governance checklist & Auditing an Algorithm

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: 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.